Recent content by GLAbusiness

  1. GLAbusiness

    What is a reasonable payment term?

    Sledgehammer Nut?
  2. GLAbusiness

    What is a reasonable payment term?

    In my view, the payment terms clock only starts when the invoice is issued. So, all your customers get the same payment terms (say 30 days after date of the invoice). I would recommend stating that on the invoice - e.g. payment due on or before 3rd June 2026. If you want to improve cash flow...
  3. GLAbusiness

    Selling a business

    My first thought is that a lot depends on how big the agreed price range is.. I you are happy with the bottom end of the range that is one thing. I think the key negotiation is on this range before you start to worry about measuring performance
  4. GLAbusiness

    Would you pay less if you knew your provider was using AI?

    I think there’s a mistake emerging in how AI is being used commercially. Using AI to create the end product for your customer is a poor strategy The logical consequence is that the customer soon realises that he could cut out the middle man. Equally promoting a product as AI free is a...
  5. GLAbusiness

    Corporation Tax Liability

    My accountant will never submit my accounts until I have approved them.. I have not seen an error yet
  6. GLAbusiness

    How to deal with a directors loan repaid after 4 years

    If you are referring to the £500 quote you mentioned then I don't think that is unreasonable.. It is your expectations which seem unreasonable to me. Question for the accountants on here: How may clients have you seen with spreadsheets which contain errors
  7. GLAbusiness

    Do productivity tools actually make teams more productive?

    Its the silo problem. Businesses need some way to assess the use of different tools. In a large organisation you may find a software architect doing this role. In SME it would be too expensive to maintain such a role. This is where AI can help. Define the need and ask it to recommend a...
  8. GLAbusiness

    Do productivity tools actually make teams more productive?

    Agree. A key learning is to use the right toll for the job Remember - Give a kid a hammer and everything looks like a nail
  9. GLAbusiness

    How to deal with a directors loan repaid after 4 years

    You are comparing costs. You should compare cost/benefits Remember: good, quick, cheap - you can only get 2 out of 3, never all 3.
  10. GLAbusiness

    How to deal with a directors loan repaid after 4 years

    I am not an accountant but I think there are a few things to think about The dividend tax is a personal tax so operate on the tax year. So, if your company year is not aligned the £12k could be spread over 2 tax years. "you never pay dividend tax" is true, but equally it is never your own...
  11. GLAbusiness

    How to deal with a directors loan repaid after 4 years

    All sorts of red flags here: Was it a legal dividend - Given the business is strapped for cash I suspect not enough distributable profit Was tax paid on the dividend, was it on the tax return OP is trying to sort it out with an incompetent accountant If OP does not get a qualified accountant...
  12. GLAbusiness

    MTD Free?

    Complexity = risk Another vote for FreeAgent
  13. GLAbusiness

    I’m rethinking software. I’d value your input.

    My experience of LLMs is generally good. BUT review of the results by a skilled user is essential. I recently asked for help diagnosing a problem with my central heating. The results were overly complex but it missed the simple solution - It was turning off because I had set the thermostat...
  14. GLAbusiness

    Best low‑cost or free payroll software that supports auto‑enrolment

    IF OP moves his accounts to FreeAgent I can't think of any reason not to use FreeAgent for payroll as well. That way the accounts are automatically updated with the payroll details
  15. GLAbusiness

    Best low‑cost or free payroll software that supports auto‑enrolment

    I use it for payroll. Only 2 employees so it's great for that
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