Business plant and equipment: Buy or lease?

When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your specific circumstances, but there are some basic considerations to help you weigh up the options. The advantages of buying Buying gives you certainty...

Why a bookkeeper is essential for your small business

As a small business owner, you might find yourself wondering whether you need a bookkeeper, an accountant, or perhaps both. The roles of bookkeepers can sometimes seem a bit mysterious, but they are crucial to the smooth operation of any business. Bookkeepers are...

Dealing with uncertainty – tips for business owners

Inflation may be down but there’s still real uncertainty for business owners. We’ve been trading in challenging times for a number of years now. Knowing what step to take next is a key worry, we know you invest more than simply time and money into your business. It is...

Planning for seasonal dips in income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have...

Is your business model still fit for purpose in 2024?

Is your business model as solid and future-proof as you think it is? Small businesses face a number of challenges in 2024, with the business environment, globalisation, technological change, and difficult economic conditions all playing a part. However, with...

Automation can ease your business workload

In today’s fast-paced business environment, the average business owner often finds themselves needing an additional four hours in their working day just to complete their admin tasks, as highlighted by recent research from OnePoll. If your team is spending 20...

Boost Your Business by Understanding Revenue Drivers

Running a successful business isn’t just about generating revenue. It’s also about understanding your revenue drivers and how to optimise them for growth. At Coastal Accounting, we specialise in helping businesses like yours unlock their financial potential. Through...