Welcome to the Nicki Paddy & Co. Blog.
We are regularly asked questions by our clients, the answers to which are often pertinent to other clients and SME’s. So in a bid to make useful information freely available, we seek to answer the most regularly asked questions or provide some ideas about managing the perennial issues faced by SME’s and growing companies.
If there is a subject you would like us to consider, please contact us.
7th August 2020
Losses Arising From The Covid Crisis and How To Manage Them
2020 may be the first time that your business has recorded financial losses. But assuming that recovery is possible, you have to consider this as a single step on a longer journey. For many businesses and self-employed individuals, keeping track of accounting procedures during the Covid crisis will have been a challenge. Whether managing increased […]
2nd July 2020
Covid the joker, but cash is still the King
As lockdown restrictions begin to ease and the world of commerce awakens from its enforced hibernation, good cash flow will once again rise in prominence, and not just in the short term.
26th March 2020
Covid-19 Business Support
The UK Government has announced a raft of measures and support for individuals, businesses, employers and employees to help them through the Covid-19 / Coronavirus crisis. Details of all the current grants and business support can be found on the dedicated Gov.uk website page which is being updated daily: UK Government COVID-19 Support for Employees, […]
15th October 2019
Accounting Quick Calcs and Rule of Thumb Estimates
It may be because I work with figures all day or it may be because I have a head for numbers, but I find that when I am reviewing sets of figures or running an at-a-glance estimation process, I find a series of accounting quick calcs help me out. They help me to make rapid […]
11th September 2019
Working Smarter
As business owners sometimes do, I sat down the other day and looked at the state of the business – what I do, who I do it for – and then compared this to the same picture last year and a number of years prior to that. What was clear to me was the fact […]
31st July 2019
Know Your Numbers
What’s the quickest way to identify an issue in your management accounts? Simple – know your numbers…. I work for a number of businesses whereby I manage (nearly) every aspect of their company accounts function. From raising sales invoices to credit control, managing the purchase ledger, payment of suppliers, payroll, VAT, annual/quarterly returns and year-end […]
24th January 2018
PayPal and Credit Card Merchant Business ‘Loans’
Alternatives to Traditional Loans As I mentioned in my Xerocon roundup back in the Autumn of 2017, one major development of the year was the introduction of business loans/cash advances being offered by the card processing merchants – including PayPal. If you haven’t considered these yet the concept is simple. In summary, the ‘processor’ of […]
23rd November 2017
Fostering Referrals
Fostering Referrals Those of you that know me and work with me know I value good marketing as a key part of running any business. You can be the best at what you do, be able to save clients millions of pounds or have invented the greatest thing since the bread slicing machine, but if […]
27th September 2017
The Business Lifecycle – Where are you?
The Business Lifecycle – What stage is your business at? Exactly as for us human beings, there is a business lifecycle. If you think about the range of businesses you know, you will probably be able to identify a handful by each stage – new born (start up), adolescent/teens, young adults, mature grown-ups and then […]
23rd March 2017
Why I extol mentoring for anyone running a business
I’ve recently had a revelation and I’m keen to share this with as many people as will listen! I’ve discovered the benefits of mentoring… As a small business owner, you suddenly have to become adept at everything a business requires, in order for it to run smoothly; planning, finance, networking, website development, IT, human resources… […]