Discounts may be available for bulk purchasing or for paying invoices within a certain number of days.
Energy costs
For most of us, energy costs are unavoidable but that doesn’t mean that you have no control. This sector has opened up to more competition – again, shop around.
Energy saving equipment should be another consideration. Buy energy efficient lighting or power management systems for example and you can claim the full costs as a tax deduction in the year of expenditure rather than the normal
write off over 8 years for other equipment.
Telephone costs
We are constantly amazed when we see how much clients spend every year on phone bills. Consider your costs here and whether switching from your fixed line to a VOIP service would be suitable.
Small businesses are often slow or reluctant in putting staff members on company phone plans preferring to reimburse any costs on personal mobiles. This can be counterproductive as group schemes will allow you to avail of cheaper rates. Phone operators court businesses and are only too happy to arrange specialised phone packages.
What’s more, Andrew’s many years of experience means that there are few situations that he has not encountered meaning the advice he offers is based on a working knowledge not text book learning.