The 2014 budget was few weeks ago now and as life moves on you may have forgotten what was in it. So here is our newsletter with a couple of the highlights to remind you.
Plus there’s more so have a read and let us know what you think. With a new tax year now is the time to plan ahead for small businesses, so give me a ring on 01243 788041 if you know a business who would like help with their business finances, or email me at firstname.lastname@example.org.
Millbrookfm Newsletter 2
We often view the New Year as a clean start – an opportunity to improve on the previous year. Perhaps your New Year’s resolution is to become more efficient in 2013? Recently I helped an organisation to draw up their budgets for 2013 and it revealed a few interesting problems.
The first request for information drew a disappointing response – a couple of minor items and some estimates that gave the impression they were based on last year plus a bit for inflation. Further prompting generated a little more discussion, a few new items and not much else.
Two things became clear.
That the budget was seen as something finance people prepare and nothing that anyone else should have to worry about.
Although there was a target profit level, there were no plans as to how this would be achieved.
My concern was that either … Read More »