Blog | Skymarkfinancial

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11 hours ago
2 min

Why Businesses Need a Budget.

Some business owners begin their operation with a wave of optimism and enthusiasm but without a well thought out budget they find it is n...

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2 days ago
2 min

What is the Opportunity Cost of Small Businesses not Outsourcing their Finance Function

What is an Opportunity Cost A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since ev...

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5 days ago
2 min

How to stay positive for your family and your team (even if you are scared and worried too)

Do you run a business where you’re responsible for your employees’ wellbeing? Do you manage a team at work? Do you have children or vulne...

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Oct 16
3 min

CASH IS KING!

Everything flows from cash flow, and as a leader of a business, especially a small business, your main role, almost your only role, is to...

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Oct 14
3 min

Key ingredients for a high-performing virtual team

Remote working has been forced upon many businesses for the majority of this year (and it looks like this is the way it will be for the n...

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Oct 12
2 min

What is the argument FOR outsourcing?

Outsourcing is when a business uses a third party (not an employee of the business) to perform a service that the company used to perform...

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Oct 10
2 min

More ‘forced’ business closures are on their way

The chancellor, Rishi, on Friday popped up with an announcement of more support for businesses in the next 6 months. Sadly this announcem...

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Oct 9
6 min

What is a Limited Company?

A limited company is a type of business structure where the company has a legal identity of its own, separate from its owners (shareholde...

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Oct 6
5 min

What is a Limited Liability Partnership (LLP)?

A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabili...

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Oct 5
3 min

Essential tips for working with family members

Working with family members comes with a lot of positives, but it comes with just as many challenges too. With a family member, as oppose...

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Oct 3
3 min

What is a Partnership?

Definition A legal form of business operation between two or more individuals who share management and profits. In a general partnership,...

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Oct 2
3 min

Inventory Types: From Raw Materials to Finished Goods

As products go down a manufacturing line, every added cost and inefficiency eats into the profit margin. It’s why lean manufacturing has ...

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Sep 30
2 min

What is a Sole-Trader?

Definition A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise t...

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Sep 28
4 min

Sole Trader vs Limited Company

If you’re a sole trader, you may have heard that you can save tax by running your business through a limited company. This could indeed b...

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Sep 26
2 min

12 Reasons to Keep Good Accounting Records

When it comes to keeping good records we all seem to acknowledge that things could be done better. But why is keeping good records import...

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Sep 25
2 min

The Winter Economy Plan: What you need to know

Yesterday the chancellor delivered his Winter Economy Plan to the nation. And whatever the colour of your politics this was good news for...

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Sep 23
3 min

Should you consider outsourcing your finance function?

The term ‘outsourcing’ can have both positive and negative connotations, depending on who you ask. However, outsourcing the right part of...

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Sep 21
2 min

What makes a good Finance Business Partner?

Ability to influence To become a Finance Business Partner, you will need to have the ability to talk finance with non-finance staff. Soun...

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Sep 19
2 min

What is a Finance Business Partner?

Finance business partners are accountants who work closely with a particular business unit creating a real and active partnership with bo...

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Sep 12
3 min

Managing Business Taxes

In addition to managing your incomings and outgoings, you need to make sure you’re on top of your taxes. This can be a daunting prospect,...

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