We live in uncertain times. As such, business leaders need to be able to deal with  setbacks and recover quickly when things go wrong. Leaders are faced with different challenges every day. These might include managing conflicts, dealing with increasing regulatory change or difficult trading conditions. Having the ability to cope effectively when under pressure is essential. So how do you become a more resilient leader? Focus on your strengths

Simplified import procedures in the event of a “no deal” Arrangements have been announced by the government regarding the movement of goods to and from the EU. A simplified import and export system has been implemented by HMRC – in the event of a ‘no deal’ scenario – as a mechanism to ensure that goods move to and from the UK, with a reduced administrative burden for businesses, in terms

    On any journey these days we instinctively use ‘GPS’ systems to help us find our way. At Ascentis we believe one of our most important roles is to help our business owners to set a destination and to navigate their business journey. That’s why our in-house strategic planning expert Andy Hartley, has created our own GPS or ‘Growth Potential Score’. Much like the GPS in your car our

  If you ask a group of business people to define what they think business development is, you will probably get a few different answers. Some people use the terms business development and sales interchangeably, while others consider them to be completely different.   Business development involves a considered and holistic approach which includes business strategy,   marketing, customer management, and partnerships. To use a golf analogy, the business development

  It is possible to reclaim VAT you have paid on any business purchases before you have subsequently registered for VAT. In fact, once you have registered your business for VAT the first thing you should consider is the possibility of reclaiming input tax on purchases of goods and services prior to registration.   This article summarises the issues you will need to consider for the two categories: goods and

  For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using this system is that income and expenditure is based on money received from customers and money paid to suppliers. In other words, the accruals basis, where income and outgoings are based on the value of invoices sent and received, is not applied.   Prior

  No matter what type of business you run, mistakes will happen. All employees make mistakes. However, the key to resolving the situation when things don’t go to plan is to manage your team and the actions they take, effectively.   When things go wrong, stop and analyse the situation. How big is the mistake? Is it one that should not have been made but can be rectified? Or did

  In the current economic environment, businesses are demanding more and more of their managers. Here are some tips to help you to become a more effective manager.   The best managers are those that step back and let their team do their job without standing over the shoulders. You can’t do everything yourself. Instead, assign each member of your team personal objectives and empower them to succeed. Give them

  It seems there is a new way of doing business being created every week. Disruptive, technology driven, new business models are constantly being developed by the likes of Uber, Skype, Amazon and Air BnB.   Your business might hold an established position in the market today but that doesn’t mean that you and your management team can be complacent.   Disruption and commoditisation have impacted most industries and we

  If you are running a business and making up accounts to 5 April, consider buying plant and machinery to take advantage of the Annual Investment Allowance (AIA) of £200,000. The AIA provides a 100% tax write off for equipment used in your business. This tax relief extends to fixtures and fittings within business premises such as electrical, water and heating systems. There is also 100% tax relief if you