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Do you need a professional to help cut business costs?? At one point or another most businesses look at their operating costs and decide that they are too high. When this happens it usually means that it’s time to start cutting business costs so that they stop eating into your annual profits. However, cutting costs […]

Owning a business is the goal of more people these days than ever before, but while owning a business is one thing, getting that business running at a profit and keeping it that way is another story entirely, and many an entrepreneur has discovered that the costs involved outweigh the profits to an alarming and […]

Most of us have to plan ahead before we hop on the road or the take to the air, whether it’s for business, pleasure or necessity, and the first thing that usually comes to mind is “What’s it going to cost?” From an overnighter in a town down the road to a prolonged trip around […]

3 Money Saving Tips That May Save Your Small Business The financial climate is still rocky now even though the credit crisis and subsequent recession are considered to be over. The truth is that it’s hard to start a business at the moment – and it’s even harder to make a small business successful. With […]

Being a student can be hard work, both inside and outside of the classroom, as there are now more obstacles than ever to face when attempting to complete an education. Attending classes, finishing coursework, and finding an internship or placement can all be difficult tasks, but finding time to do paid work – or afford […]

It can be tough for businesses, particularly small businesses, to survive let alone thrive in a struggling economy. The good news however is that there are ways in which you can perform a cost reduction audit to cut costs down to a minimum and increase the chances that your business will both make it through […]

Everyone wants to try to save money, and while your New Year’s resolution may have already been given up on, it is still not too late to start making savings in 2015. Trying to get out of debt, save money and stop throwing money away on random purchases can be very difficult to begin with, […]

A forensic accountant is characteristically a CPA that a business hires to help them with determining the valuation of their company, or to examine or reconstruct financial records, analyse their tax situation, or compute an employee’s salary. They are used during times when money or property are being contested or when a business’ worth needs […]

Forensic Accountants Are Crime Busters In Their Own Right When most people think of accountants they think of old middle aged men wearing a bow tie and a button down shirt. While playing with numbers might appear boring, in some cases it can also be extremely interesting because the path the numbers take can tell […]

Increase Profitability for your business The first time someone suggests that you hire a cost reduction company to run a cost reduction audit you may be sceptical. After all, spending money on a consultant to save money might seem absurd; however, it also is one of the best ways for a small business to learn how […]

Whether your business is a small start-up or a huge conglomerate, you are subject to an often bewildering set of laws, requirements and restrictions and increasingly complex issues of compliance, risk management and more. In general, small companies rely on internal auditing by an employee of the company and this is sufficient for their purposes. […]

Getting a small business started is the goal of countless entrepreneurs, and start-ups are so numerous and varied that there can be no simple guidebook for success. Many succeed and many do not, but one thing the successes have in common is a realistic budget going in. Without that essential groundwork and planning it would […]

Construction Cost Management Cost management is how a business controls and plans its costs of doing everyday business. Every type of business needs to do this efficiently if they want to succeed and thrive, including those in the construction industry. This means that before a construction business starts a new project it must identify and […]

Most people have a limited amount of money coming in every month and have to decide how to use it to pay their bills and to buy food, etc. The best way to do this logically so that you will know exactly where your money goes is to develop a monthly budget and try to […]

4 Basic Cost Management Techniques As a business owner you know that having your own company is challenging expensive in a variety of ways. If you don’t learn how to be resourceful then you will quickly go out of business and fail. So, having some good cost management techniques is vital to your success. Here […]

The process of raising funds for a business can often be challenging. Business owners need to begin by working out what their startup costs will be along with the operational costs involved. It is important for business owners to be aware of how much money they need before they can evaluate their funding options. Self-Funding […]

To the layman cost reduction analysis may sound like jargon. However, these words mean exactly what they suggest. Ordinarily, business entities incur a lot of costs in their day to day operation. Some of these costs include: Rent of premises Salaries to staff Payment of utilities such as electricity, water and telephone usage Licenses paid […]

Construction projects involve the use of a lot of capital. You need to have good cash flow in order for a project to be completed on schedule. This is crucial as it ensures that your contractor obtains materials whenever needed. On the other hand, contractors come with teams of people to assist them in the […]

In recent years there have been calls for the reduction of carbon emissions. Often entrepreneurs are solely concerned with making profit and the mere thought of carbon emissions does not count in their profitability analysis. The widespread use of computers has resulted in higher demand for electricity and equipment and the energy emissions from this […]

Modern society has changed rapidly and this includes the field of business. With different challenges arising in business, new areas of practice have evolved to tackle the ensuing issues. One of the most important of these is forensic accountancy. Demystifying Forensic Accountancy  Like most entrepreneurs, you probably link the term forensic with medicine and there […]

Cost Management Techniques According to the Chartered Institute of Marketing Accountants UK (CIMA), one of the most overlooked  techniques for business success is handling of cash flow effectively. In business speak this is referred to as cost management. The Association of British Insurers (ABI) refers to cost management as the process of planning and controlling […]

Cost reduction practices employed by private businesses work in the same way when it comes to the public sector. Government departments and local authorities use methods such as budgeting, estimates, analysis, evaluations and forecasts. The secret to good cost management lies in developing robust cost reduction measures and that’s where an experienced cost reduction company […]

A Leeds based restaurant which was spending £250,000 a year on food and £30,000 in banking has had its costs reduced by £32,000 following a review carried out by the UK team of Specialist Cost Auditors. The restaurant, which is a popular upmarket dining establishment in the city, invited Specialist Cost Auditors, at the recommendation […]

A Northern Ireland retailer who was mischarged for a banking loan has saved over £100,000 following a process of engagement with the Specialist Cost Auditors team. The retailer, which is a successful high street business, recruited the assistance of the Specialist Cost Auditors and our cost management services team because management believed there must be […]

Businesses are always established to provide a service or goods in return for profit. When you sell your goods or services to the targeted market, customers pay you. The amount you receive is referred to as sales or revenue. There are costs you incur in order to produce what you sell. What remains after deducting […]

Scottish companies urged to reduce costs as the Specialist Cost Auditors move into town Specialist Cost Auditors, the company which saves other companies hundreds of thousands of pounds, is opening an office in Edinburgh. The team of cost reduction specialists are currently working from their offices in Belfast, Dublin and London but have now opened […]

Company Overview In the methods by which the company markets its services, this is an unusual type of client. This company is an unusual type of client in the sense in how they advertise their business to the Market place. They are very successful and have a great rapport in the local business community.  Category […]

Company Overview. The food industry in UK is a very competitive market. SCA was invited to review all the main categories of expenditure with a medium sized restaurant based in Leeds. SCA was introduced to the business by their accountants who had experienced success of our services with another one of their clients.  Category  Spend […]