Within business, there are two things that everybody wants to avoid: being slapped with a massive financial penalty and losing fresh new business opportunities.

The rate of technological change is always accelerating, so quickly in fact that humans genuinely don’t have enough capacity to react or even notice the latest innovation.

Food fashion’s impact on the development of new products is undeniable, with the latest food trends such as veganism, free-from and anti-sugar impacting almost every company in the food industry.

Your company is GDPR compliant, you’ve just come back from your summer holiday and all bases seem covered. I’m not here to rain on your parade, but if you haven’t, we all need to start considering next year’s requirement by HMRC to Make Tax Digital.

Making Tax Digital is going to be the ‘buzzword’ you can’t escape from in the coming months and to start off, you’re probably asking: “Well, tell me what on earth it is?”

Without employing costing methods there is no way that you can define the value of your stock, set sales prices, measure your gross margin or safely make key business decisions. 

Poor quality product can lead to poor quality service, which can cost you both your reputation with customers, whilst also increasing your cost of sale with returns, replacements and re-work.