Scaling a business

The problem with growing and scaling a business Calling all business owners — we are putting our money where our mouth is! Many business owners know they need help when growing or scaling a business. Just as many want to engage with someone who can help deliver on that goal. The issue is who do […]

Business Temporary Closure Fund

Firstly, I hope everyone made the most of Christmas and had a lovely time. With mainland Scotland now in Level 4 many businesses will now have been forced to close their premises. You can apply to your local council for a temporary closure grant which is payable every four weeks for the duration you are […]

Some exciting news

What better day than my birthday to make this announcement. As C.I.K. Accounting Solutions continues to grow it is time to split the services we offer into two distinct categories. The first category is aimed at the #smallbusinessowner who I am defining as any business, whether a #soletrader or a #limitedcompany with a turnover of between £5k to £500k. This type of client […]

Accountants and bookkeepers

Looking to take things a bit easier? As part of my growth plans for C.I.K. Accounting Solutions in 2021, I remain keen to speak with any accountant or bookkeeper who currently has too heavy a workload and looking to pass on some clients. Or perhaps you may be looking at a more permanent exit plan and want […]

Companies in distress

7,500 Scottish companies showing high signs of distress. My thanks to Donald Shanks for sharing some interesting albeit worrying statistics with me yesterday. In excess of 4,500 of those businesses are balance sheet insolvent with a similar number showing signs of liquidity pressures. A further analysis of the top 10 industry sectors that are experiencing difficulties threw […]

The Recovery Loan Scheme

Here’s a bit more information on this announcement from yesterday’s budget. Applications for these will open on 6th April 2021 until 31st December 2021 and are available to just about any trade sector or business. The finance can be used for any legitimate business purpose – including growth and investment – with the government guaranteeing […]

We’re hiring!

Due to continued expansion C.I.K. Accounting Solutions are now looking to recruit a Bookkeeper/Payroll Administrator to manage a portfolio of clients to ensure their day to day bookkeeping requirements are met. In addition, you will be expected to prepare and file clients VAT returns, reconcile bank accounts and ledgers. You will also be responsible for compiling and […]

The Pros and Cons of outsourcing bookkeeping

Nobody goes into business because they enjoy keeping the books. One solution is to outsource that function to your accountant (if they provide that service – not all do). So what’s the pros? 1. Greater accuracy of the records than if you do a DIY job.2. Maintained up to date.3. Possible to quickly obtain a […]

VAT Deferral Payment Scheme

If you deferred VAT payments between March 2020 and June 2020 under the VAT Payment Deferral Scheme you can be given the option to pay that in equal monthly instalments. Today is the deadline if you want to spread your VAT payment across 11 months from April 2021 to March 2022. If you have missed […]

What’s the true cost?

This post applies to all industry sectors but since we specialise in #construction , #manufacture , #projectmanagement and #foodmanufacture, this is particularly relevant for you. Establishing the total cost of your product or job is crucial. If you don’t know that how can you arrive at a selling price and know you are making a profit? It is usually fairly easy to […]