Choice of the day

avatar
+1 1 vote

Welcome to the new GJ Blog

At GJ we have a rich heritage of using technology for business benefit.  With the internet being part of our business life it seemed only natural to use it to reach out to the wider business community through this new GJ Blog.

If you are unfamiliar with what a blog is then you are not alone.  We think of our GJ Blog as an informal virtual space where our team at GJ can share their thoughts and enjoy an online conversation with...

Recent Posts

avatar
+2 2 votes

E-Commerce - recession proof?

It takes a brave man (or a sadist!) to read the business papers these days.    Banks are reporting record losses, share prices are sliding, energy and food prices are soaring, housing market is stagnate and business confidence is at an all time low. Surely it’s only a matter of time before the “R” word can readily be used to describe the state of the UK economy?

Despite the tough economic conditions, there will inevitably be some...

avatar
+1 1 vote

Commercial Finance in the Credit Crunch

For all practical purposes, the credit crunch has led to banks ceasing almost all commercial activity. If you're an existing customer, with fantastic security and a track record of unbridled success, you might winkle out some backing, but the hoops you'll need to go through, the price you'll pay and the security you have to put up will make the proposition pretty unpalatable.

What if your business hasn't got great security? What if, like o...

avatar
+1 1 vote

Business growth. Luck or skill?

Fast growth SME's are not the norm.  Quite the opposite, per the FT, two thirds of start ups have gone under by year 7.  So what do the fast growth SME's have that the others don't? Is it...Red_dice_5

avatar
+1 1 vote

What's the best way to settle a dispute?

Disputes happen. Whether it's in one's personal life, or in one's commercial life, something, some time, will happen that puts you into conflict with someone else.

Minor issues generally get resolved, simply because the conflicting parties don't have the time or the inclination to pursue them.  But there's always a point where one of the parties feels sufficiently aggrieved to start looking to his "rights".  And typically the first time the ot...

avatar
+2 2 votes

New Partner in the House!

For those of you who don’t know already, I was made a Partner of the firm in June 2008.  Having begun my Goodman Jones career back in May 1999 as an audit senior, I didn’t fit the “boy in new school” scenario.  Nine years in any organisation is a long time. So why have I stayed?  Was I given an offer I could not refuse? Did I wake up with a horse’s head in my bed?

The firm is undoubtedly different from my early days. In 1999 the....

avatar
+1 1 vote

How should a growing business cope today?

Over the last couple of months some of my smaller fast expanding clients have been talking to me about how they should approach the challenges of the current recession.

Thinking over this I realised that the problems they are having now are exactly the same as the problems that growing businesses have always had.  The only difference is that in better times just being a good growing business was enough for success.

The key areas.....


avatar
+2 2 votes

Tax fees - What no relief!

A colleague telephoned complaining bitterly about a Tax Inspector who was challenging the right to deduct his fees from the trading profits of a business.  My colleague is a Partner in a specialist firm dealing with capital allowances; if a taxpayer is to stand any chance whatsoever of getting such calculations correct, a specialist is essential.  To the lay person, the deduction of fees calculating trading profits for the purposes of ...

avatar
+3 3 votes

Just how bad is it out there?

Depending which newspaper you read, we're either on the edge of the abyss, or we've already fallen in.  But perhaps that old adage "Don't believe everything you read in the papers" still has merit.

Anatole Koletsky, writing in The Times, is one of few dissenting voices.  He commented that had the banks followed Fair Value Accounting in the 1980's during the South American Debt crisis, they wouldn't be reporting bad results today ...

avatar
+2 2 votes

Have we seen the end of the formal Tax Enquiry?

At the time of writing, the Finance Bill 2008 is on the brink of receiving Royal Assent. With it comes new powers for HM Revenue & Customs (HMRC) which cover not just Income Tax but all taxes within the remit of HMRC. Add to this the new penalty system introduced in the Finance Act 2007 and you now have a standardised penalty and enquiry regime across the tax spectrum which includes new powers for HMRC to inspect records and enter premises w...

avatar
+3 3 votes

Excel vlookup

I'm a self confessed Excel junkie.  I've tried other spreadsheets, but to me they just don't have the flavour of the real thing.



The Excel vlookup function is rather useful.  If you look above you can see it in action. 

In this example, we have a table of sales budget figures for each month (in green).  By changing the month number in cell D2 (in red) it gives the corresponding sales figure for the month in cell D6 (in blue).

...