So, the eagerly awaited Pre-Budget Report has now been delivered and it’s content begins to be analysed.

Once again, henchmen Brown & Darling act as a modern day Ronnie & Reggie. Giving the illusion of lending money, you can be sure they will be demanding it back, with menaces, before you can say ‘protection racket’.

The headline grabber was the TEMPORARY reduction of VAT from 17.5% to 15% for a thirteen month period.

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Baiju Solanki is a Performance Coach and is Managing Director of Performance Coaching and Training Limited. The company was formed with the objective of helping local businesses and individuals to fulfil their potential through understating what they CAN do to be able to perform at the best more often. Performance Coaching and Training act for numerous businesses in the Essex area including Southend Council – Teachers, BRS Associate, Southend Hospital, Liberty Hygiene and South East Essex College

Here, Baiju talks to Jason Dormer about challenges in business.

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With the news that consumer spending fell by a massive 3.9% in June, the biggest fall for 22 years, many experts are predicting dark times ahead for the UK economy.

As is often the case, if the UK press predicts a recession then it may become a self fulfilling prophecy as consumers and businesses react accordingly.

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On a trip last week to an accountants seminar in Cornwall I met the accountant and author Hugh Williams FCA, of the award winning firm HM Williams, an accountancy firm recognised for it’s customer focused approach.

After discussing our views on fixed fees, value pricing and time based billing, it became apparent that Hugh was a man after my own heart. Hugh kindly gave me a copy of his book ‘Life without Timesheets’ in exchange for my promise to review it on a leading accountancy website.

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With the current advice from the pub ‘experts’ to sole traders and partnerships to incorporate a limited company, caution should be exercised before making this important decision.

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Welcome to the first of our regular blogs which we hope that you will find useful and informative.

I am going to kick off on a subject that is topical for many. There has been plenty of client feedback in recent weeks suggesting that the credit crunch is beginning to affect local business. Fewer sales, higher costs and decreased orders have all been mentioned along with the number one complaint: unpaid invoices. I am in no doubt that there will be challenging times ahead and that firms need to take action on this subject now whilst time is on their side.

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