The Sixth Sense - Accounting Management Taxation

The Sixth Sense - Accounting Management Taxation Accounting and Financial Analysis

๐Ÿ“ข ๐“๐ก๐ž ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐Š๐ž๐ž๐ฉ๐ข๐ง๐  ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐‘๐ž๐œ๐จ๐ซ๐๐ฌ ๐Ÿ๐จ๐ซ ๐‡๐Œ๐‘๐‚HMRC requires businesses to keep accurate financial records for a s...
21/07/2026

๐Ÿ“ข ๐“๐ก๐ž ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐Š๐ž๐ž๐ฉ๐ข๐ง๐  ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐‘๐ž๐œ๐จ๐ซ๐๐ฌ ๐Ÿ๐จ๐ซ ๐‡๐Œ๐‘๐‚

HMRC requires businesses to keep accurate financial records for a specified period. Good record-keeping not only supports compliance but also makes future tax returns and audits much easier.

Being organised means spending less time searching for documents when they're needed.

๐Ÿ’ก Store invoices, receipts, and financial documents securely throughout the year.
๐Ÿ“ฉ The Sixth Sense can help you maintain HMRC-compliant records.

Are your financial records easy to find when you need them?

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐–๐ก๐ฒ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐Š๐๐ˆ๐ฌ ๐Œ๐š๐ญ๐ญ๐ž๐ซKey Performance Indicators (KPIs) help measure how well your business is performing financial...
20/07/2026

๐Ÿ“ข ๐–๐ก๐ฒ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐Š๐๐ˆ๐ฌ ๐Œ๐š๐ญ๐ญ๐ž๐ซ

Key Performance Indicators (KPIs) help measure how well your business is performing financially.

Tracking figures such as gross profit margin, net profit, debtor days, and cash flow provides valuable insights into your business performance.

๐Ÿ’ก Choose a few key financial KPIs and monitor them every month.
๐Ÿ“ฉ The Sixth Sense can help you identify the right KPIs for your business.

Do you currently track any financial KPIs?

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  ๐–๐จ๐ซ๐ค๐ข๐ง๐  ๐‚๐š๐ฉ๐ข๐ญ๐š๐ฅWorking capital is the money your business has available to cover day-to-day operating co...
17/07/2026

๐Ÿ“ข ๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  ๐–๐จ๐ซ๐ค๐ข๐ง๐  ๐‚๐š๐ฉ๐ข๐ญ๐š๐ฅ

Working capital is the money your business has available to cover day-to-day operating costs.

A healthy level of working capital helps you pay suppliers, employees, and other expenses without putting pressure on your cash flow.

Monitoring working capital regularly helps maintain financial stability and prepares your business for growth.

๐Ÿ’ก Keep an eye on both current assets and current liabilities.
๐Ÿ“ฉ The Sixth Sense can help you assess your working capital position.

Have you heard of working capital before?

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐–๐ก๐ฒ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐ž๐ซ ๐‚๐จ๐ฌ๐ญ๐ฌ ๐‚๐š๐ง ๐’๐š๐ฏ๐ž ๐Œ๐จ๐ง๐ž๐ฒSupplier prices often increase gradually over time, and many businesses con...
16/07/2026

๐Ÿ“ข ๐–๐ก๐ฒ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐ž๐ซ ๐‚๐จ๐ฌ๐ญ๐ฌ ๐‚๐š๐ง ๐’๐š๐ฏ๐ž ๐Œ๐จ๐ง๐ž๐ฒ

Supplier prices often increase gradually over time, and many businesses continue paying without reviewing alternatives.

Regularly reviewing supplier contracts and operating costs can uncover opportunities to negotiate better prices or switch to more cost-effective solutions.

๐Ÿ’ก Review your major supplier costs at least once a year.
๐Ÿ“ฉ The Sixth Sense can help identify opportunities to improve your business efficiency.

Have you reviewed your supplier costs this year?

๐ŸŒwww.tssamt.co.uk

๐Ÿ’ก ๐Š๐ง๐จ๐ฐ ๐˜๐จ๐ฎ๐ซ ๐Œ๐จ๐ฌ๐ญ ๐๐ซ๐จ๐Ÿ๐ข๐ญ๐š๐›๐ฅ๐ž ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐จ๐ซ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌNot every product or service contributes equally to your profits. Some g...
15/07/2026

๐Ÿ’ก ๐Š๐ง๐จ๐ฐ ๐˜๐จ๐ฎ๐ซ ๐Œ๐จ๐ฌ๐ญ ๐๐ซ๐จ๐Ÿ๐ข๐ญ๐š๐›๐ฅ๐ž ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐จ๐ซ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ

Not every product or service contributes equally to your profits. Some generate higher margins, while others require more time and resources for a lower return.

Understanding which areas of your business are the most profitable helps you make smarter decisions about pricing, marketing, and future investment.

๐Ÿ’ก Review your profit margins by product or serviceโ€”not just total sales.
๐Ÿ“ฉ The Sixth Sense can help you analyse your business performance.

Do you know which product or service makes you the most profit?

๐ŸŒwww.tssamt.co.uk

๐Ÿ’ก ๐–๐ก๐ฒ ๐๐ฎ๐๐ ๐ž๐ญ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ฌ ๐’๐ก๐จ๐ฎ๐ฅ๐๐ง'๐ญ ๐๐ž ๐š ๐Ž๐ง๐œ๐ž-๐š-๐˜๐ž๐š๐ซ ๐“๐š๐ฌ๐คMany businesses create a budget at the beginning of the year but rar...
14/07/2026

๐Ÿ’ก ๐–๐ก๐ฒ ๐๐ฎ๐๐ ๐ž๐ญ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ฌ ๐’๐ก๐จ๐ฎ๐ฅ๐๐ง'๐ญ ๐๐ž ๐š ๐Ž๐ง๐œ๐ž-๐š-๐˜๐ž๐š๐ซ ๐“๐š๐ฌ๐ค

Many businesses create a budget at the beginning of the year but rarely look at it again. However, market conditions, costs, and customer demand can change quickly.

Reviewing your budget regularly allows you to adjust spending, improve cash flow, and stay focused on your financial goals.

๐Ÿ’ก Compare your actual spending against your budget every month.
๐Ÿ“ฉ The Sixth Sense can help you create and monitor a realistic business budget.

Do you review your budget every month?

๐ŸŒwww.tssamt.co.uk

๐Ÿ’ก ๐–๐ก๐ฒ ๐‘๐ž๐œ๐จ๐ง๐œ๐ข๐ฅ๐ข๐ง๐  ๐˜๐จ๐ฎ๐ซ ๐๐š๐ง๐ค ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ ๐ˆ๐ฌ ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญReconciling your bank account means comparing your accounting records wi...
13/07/2026

๐Ÿ’ก ๐–๐ก๐ฒ ๐‘๐ž๐œ๐จ๐ง๐œ๐ข๐ฅ๐ข๐ง๐  ๐˜๐จ๐ฎ๐ซ ๐๐š๐ง๐ค ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ ๐ˆ๐ฌ ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญ

Reconciling your bank account means comparing your accounting records with your bank statements to ensure everything matches. It may seem like a small task, but it plays a big role in keeping your finances accurate.

Regular bank reconciliation helps identify duplicate transactions, missed payments, bank errors, or even fraudulent activity before they become bigger problems. It also ensures your financial reports reflect the true position of your business.

๐Ÿ’ก Reconcile your bank accounts at least once a month to keep your records accurate.
๐Ÿ“ฉ The Sixth Sense can help you maintain accurate and up-to-date financial records.

Do you reconcile your bank account every month?

๐ŸŒwww.tssamt.co.uk

๐Ÿšจ ๐Œ๐š๐ค๐ž ๐“๐ก๐ข๐ฌ ๐˜๐จ๐ฎ๐ซ ๐๐ž๐ฌ๐ญ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐˜๐ž๐š๐ซ ๐˜๐ž๐ญThe new tax year presents new opportunities to improve organisation, profitabili...
10/07/2026

๐Ÿšจ ๐Œ๐š๐ค๐ž ๐“๐ก๐ข๐ฌ ๐˜๐จ๐ฎ๐ซ ๐๐ž๐ฌ๐ญ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐˜๐ž๐š๐ซ ๐˜๐ž๐ญ

The new tax year presents new opportunities to improve organisation, profitability, and financial control.

Small improvements made consistently can lead to significant results over time.

๐Ÿ’ก Focus on progress, not perfection.
๐Ÿ“ฉ The Sixth Sense is here to support your success throughout the year.

What's your biggest financial goal for this tax year?

๐ŸŒwww.tssamt.co.uk

๐ŸŒwww.tssamt.co.uk

๐Ÿšจ ๐“๐ก๐ž ๐๐จ๐ฐ๐ž๐ซ ๐จ๐Ÿ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐€๐ฐ๐š๐ซ๐ž๐ง๐ž๐ฌ๐ฌThe more you understand your finances, the more confident you can be in your decisions...
09/07/2026

๐Ÿšจ ๐“๐ก๐ž ๐๐จ๐ฐ๐ž๐ซ ๐จ๐Ÿ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐€๐ฐ๐š๐ซ๐ž๐ง๐ž๐ฌ๐ฌ

The more you understand your finances, the more confident you can be in your decisions.

Awareness helps identify opportunities and reduce risks.

๐Ÿ’ก Spend time understanding the key numbers in your business.
๐Ÿ“ฉ The Sixth Sense can help improve your financial understanding.

How confident are you in your business finances?

๐ŸŒwww.tssamt.co.uk

๐Ÿšจ ๐–๐ก๐ฒ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐๐ž๐š๐ญ๐ฌ ๐†๐ฎ๐ž๐ฌ๐ฌ๐ข๐ง๐ Financial decisions based on assumptions can lead to costly mistakes.Planning using accurat...
08/07/2026

๐Ÿšจ ๐–๐ก๐ฒ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐๐ž๐š๐ญ๐ฌ ๐†๐ฎ๐ž๐ฌ๐ฌ๐ข๐ง๐ 

Financial decisions based on assumptions can lead to costly mistakes.

Planning using accurate financial information helps businesses make better choices.

๐Ÿ’ก Base decisions on facts and data whenever possible.
๐Ÿ“ฉ The Sixth Sense can help provide financial clarity.

Do you plan your finances or rely on estimates?

๐ŸŒwww.tssamt.co.uk

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