Welcome to Proffix’s blog, your go-to destination for helpful information on Compliance, Strategic Advisory Services and Mergers and Acquisitions.
From financial intricacies to emotional attachments, the journey of preparing your business for sale can be both daunting and rewarding. However, with the right approach,
In the glittering world of entrepreneurship and commerce, it’s easy to get swept away by success stories, glossy images of thriving enterprises, and tales of
Background I was contacted earlier this year by the owner of an accounting business (name withheld at the request of the owner) who was tired
Employee Ownership Trusts (EOTs) have gained popularity recently as a business ownership model, offering a unique approach to fostering a sense of shared responsibility and
Selling a business is a major decision that can be both exciting and nerve-wracking for any business owner. While the prospect of a successful sale
You take your car for an MOT or go to the doctor for a regular check-up to make sure you’re in good health – why
Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief, is a tax incentive in the United Kingdom that is designed to encourage entrepreneurship and investment
In the world of mergers and acquisitions (M&A), the term “deferred consideration” is one that often arises. As an accountant with a lot of experience
Selling a business can be a complex and challenging process, and not every attempt to sell is successful. There are various reasons why a business
Introduction Selling a business can be a complex and emotionally charged process, especially for someone who has never gone through the process before. Whether you’re
In today’s dynamic business landscape, understanding how to value a business is a key skill for entrepreneurs, investors, and professionals alike. Whether you’re a budding
Technology is a vast and ever-changing field which can feel intimidating as a small business owner. However, there’s no denying that digital tools present huge
Bookkeeping might not be the most exciting part of running your small business, but it is an absolutely essential task that undoubtedly plays a big
Business development is a critical part of any company, but it can also be very tricky. There are many things that can go wrong, and
Hiring a business advisor does require an investment, but doing so will actually save you money in the long run – not to mention time
Running a business can be challenging, especially when you’re trying to do everything yourself. This is why it’s important to systemise your business functions. By
Your business credit score is a reflection of your company’s financial health and reputation. Unfortunately, there are many misconceptions about business credit scores that cause
Whether you’re running a small business, or your company is struggling to thrive in this tough economy, knowing the best way to spend and save
If you’re a first-time business owner, the financial aspects of running a company can be daunting. From keeping track of expenses to preparing for taxes,
Being socially responsible doesn’t mean you have to sacrifice profit. Today, it’s more important than ever to treat corporate and social responsibility equally. What makes
Project scope creep is a problem that many businesses have to deal with. Scope creep is when the original agreed-upon project changes and grows over
Interested in bringing someone else on board in your business? Finding the right funding source differs based on where you are with your business. Seeking
When you’re starting a business, it’s important to have someone in your corner who can offer advice and support. Just as flowers need the right
It’s no secret that marketing can be expensive. However, as accounting business owner, you don’t have to spend a lot of money to get the
Are you considering making the switch to the cloud? If so, you’re in good company! A growing number of businesses are making the move to
Choosing a great accountant is one of the best investments you can make for your business. A quality accountant can do much more than save
And Five Things You Can Do to Build More Resilient Systems Systems run businesses. But like anything else, they require constant maintenance since there’s no
Global conflicts and the impact of the covid-19 pandemic have caused the cost of doing business to soar. Rising fuel prices are causing inflation to
Underpricing can lead you to work harder for less money while your competitors are growing. Here’s how you’ll know if your pricing needs adjusting. There
Invoicing can be a tricky and time-consuming process, especially if you’re new to the game. To help you out, we’ve put together a list of
It takes a lot to run a business and it’s essential to manage your time well. Building a business undoubtedly requires you to put a
The UK government’s plans to make tax digital have been shrouded in controversy since they were first announced. There has been a lot of misinformation
The dread of failure could be weighing you down. Luckily, there are ways to drive the fear away and adopt a more useful viewpoint. Fear
Leaders are often the driving force of company success or failure. Learn what sets the best leaders apart from the rest. It’s not easy to
Many business owners have experienced the frustration of trying to collect payment from a client who simply won’t cough up. If you are having trouble
Introduction In today’s fast-paced business environment, efficient financial management is crucial for success. Small and medium-sized enterprises (SMEs) often struggle with managing their finances effectively,
Every business is unique and has specific needs from an accountant. Book a call so we can talk through yours and explain how we can help.
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