Advice for small businesses - from Accountants on Hobson
BILLING OUT
1. Set and understand your charge out rate. Ensure they cover the costs associated with doing the job and pay yourself what you are worth. 💰
2. Always charge – free work won’t pay your bills. 💸
3. Charge higher for one-off work. You can reduce rates for regular or repeat work. 💲
4. Invoice out in a timely manner & follow up with slow payers.
5. Treat people well – bad service spreads quicker than good service. 👌
PAYING BILLS
1. Pay bills on time, including tax. ⏲
2. Keep suppliers in the loop if you are having issues. 📞
MONITORING
1. Set business targets and review them regularly – it’s okay to change them. 🎯
2. Invest in talking regularly with your accountant. ☎ They know how to help businesses improve. They do a lot more than just tax returns.
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