Accounting For COVID Related Transactions – How These Affect The Financial Statements And Tax Implications

For many UK businesses, the COVID-19 crisis was devastating. Lockdown measures meant business closures and new social distancing guidelines and the requirement of face masks and other protective gear is making it difficult for many businesses to interact with their customers, let alone stay open long enough to do so. Read more

The Importance of Repeat Customers

There are a lot of things that we want to do just to make sure that our business will grow.  However, have you considered thinking about the importance of your best customers? Most often, we focus more on acquiring new customers rather than giving more attention to our returning customers. Keep in mind, that these are actually the people who have helped you in building profits for your business. As a marketer, we are always looking for ways in order to grow our customer base and our business. To help you increase your conversion rates, there are different resources that you can find on the internet. Read more

How to Build and Use a Business Budget That’s Useful All Year Long

Sometimes planning and maintaining a budget can be quite hard. There will always be cash flow problems, unforeseen events, and other issues that may come your way. Even if you have the most carefully planned business budget, there will always be some issues that will arise from time to time. Also, most of us will create a budget for business and personal use at the start of the year but will forget about them until the year ends. Read more

Customer Success Breeds Business Success

If you want to achieve long-term success for your business, then it is essential to ensure that your customers are satisfied. After all, unhappy customers will probably share their displeasure with others. Potentially, this can hurt your revenue from upsells as well as your chances of acquiring new customers. In order to keep your churn rates low, you need to provide customer support and customer service. However, most companies are now becoming proactive by focusing more on customer success. Read more

25 Great Statistics on Employee Recognition

In today’s world, where there is constant competition for talents, companies are looking for ways to entice and retain their best employees while improving their growth and productivity. They could offer perks or improve their workplace. Organizations keep on finding new concepts and strategies, however, they failed to notice that the easiest approach is employee recognition. Read more