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Helping entrepreneurs build a profitable and sustainable business without the stress. Insights from the UK’s #1 Profit First Accountancy practice.
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Top tax tips, financial literacy, Xerox guides and our ever-popular series 5 Bullet Friday! Keep this page handy as we grow beyond accountancy and into sound business strategy, marketing and exciting ways to go Profit First.
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13th April 2025 · 5 min Read
Do I need an accountant for a startup business?
We are accountants for startups, are Chartered Certified and speak to many start-up businesses. Not every starter business is the same. You could have big […]
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9th April 2025 · 5 min Read
Is it possible to claim tax relief on a charitable donation?
Can You Claim Tax Relief on a Charity Donation? In this blog, I’m going to talk about whether it’s possible to claim tax relief on […]
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7th April 2025 · 3 min Read
Payroll Services Cheltenham: Professional, Personal, and Seamless
At Gro – Profit First Accountant (formerly Cheltenham Tax Accountants) – we proudly provide payroll services in Cheltenham, Gloucestershire, and across the UK. Located in […]
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13th March 2025 · 6 min Read
Optimal Directors Salary for 2025/26
The most tax-efficient salary for directors in the 2025/26 tax year is £12,570 per year, which translates to £1,047 per month or £241 per week. […]
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10th March 2025 · 3 min Read
Entrepreneur Freedom System—a 10-step blueprint for building a business that runs without you
Profit First Club Newsletter – The Entrepreneur Freedom SystemEstimated Reading Time: 4 Minutes Hi Everyone, I hope you had a great weekend! We went to […]
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24th February 2025 · 5 min Read
Profit First Club Newsletter
Welcome to This Week’s Profit First Club Newsletter! Hi everyone, It’s Stephen Edwards from Gro Profit First Accountants, and welcome to this week’s Profit First […]
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17th February 2025 · 4 min Read
Property Rental Taxation: A guide for UK landlords
Using your surplus personal or business income to invest in property in the UK has been hugely popular over several decades. As accountants, we often […]
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7th February 2025 · 1 min Read
We’ve Rebranded: Cheltenham Tax Accountants is Now Gro Profit First Accountants!
We’re excited to share some big news, Cheltenham Tax Accountants has officially rebranded to Gro Profit First Accountants! This change reflects not only our growth […]
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10th December 2024 · 5 min Read
What Got You Here Won’t Get You There
What Got You Here Won’t Get You There Welcome to this week’s Profit First Club newsletter! Watch the video version HERE Profit First Club Newsletter Hi […]
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21st October 2024 · 4 min Read
Creating Your Personal Life Vision: A Roadmap for the Next 10 Years For Entrepreneurs
Creating Your Personal Life Vision: A Roadmap for the Next 10 Years For those who love business and self-development books, the concept of having a […]
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30th September 2024 · 4 min Read
5-Bullet Friday: Your Weekly Profit Boost – Strategic Thinking is THE KEY
5-Bullet Friday: Your Weekly Profit Boost – Strategic Thinking is THE KEYThis Week’s Newsletter Highlights:Welcome to this week’s edition of the Profit First Club! We’re […]
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28th August 2024 · 5 min Read
Busy Fool Mistake #3: The Vanity (Sales)
Focusing on Turnover and Not Profit Let’s have a real talk about a common pitfall in the entrepreneurial world: obsessing over sales as the ultimate […]
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22nd August 2024 · 6 min Read
Warning Signs You Can’t Implement Profit First: What to Look Out For
Implementing the Profit First system can be transformative for your business, but what happens when it just doesn’t seem to fit? Here are some warning […]
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22nd August 2024 · 7 min Read
Overcoming Challenges in Implementing Profit First: A Step-by-Step Guide
Implementing the Profit First system can feel overwhelming, especially if your business is already facing financial challenges. At Gro Profit First Accountants (Formerly Cheltenham Tax […]
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19th August 2024 · 3 min Read
Innovation Over Resources: COVID-19 Proves That Profit First Works!
The COVID-19 pandemic forced businesses and individuals to rethink their operations, highlighting that success isn’t about abundant resources, but about being resourceful. This unprecedented global […]
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10th July 2024 · 3 min Read
Understanding the Three-Tier Banking System for Profit First
Hi everyone! Today, I want to discuss a concept I’ve developed called the Three-Tier Banking System for Profit First. As far as I know, this […]
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9th July 2024 · 4 min Read
Enhance Your Financial Decision-Making with the 10-10-10 Method
Hi everyone, At Gro, UK’s Profit First Accountants, we are dedicated to helping you streamline your business finances and make better financial decisions. Today, I […]
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25th June 2024 · 4 min Read
Step 8 of the Entrepreneurial Freedom System – Free Yourself From Operations
Letting go. Necessary Endings by Dr Henry Cloud talks about things coming to an end. He refers to pruning. For a rose bush to flourish, […]
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7th April 2024 · 3 min Read
Free Profit First Book
🌟 FREE Complimentary “Profit First” Book! Are you struggling with your cash flow and your profits? Most business are… It’s time to turn the tables […]
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7th April 2024 · 10 min Read
Accounting for Coffee Shops
Accounting for coffee shops with the Profit First Approach Accounting and bookkeeping is difficult. Coffee shops have unique challenges around the volume of transactions, dealing […]
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22nd March 2024 · 9 min Read
Comprehensive Guide to Share Purchase Agreements (SPA)
Navigating the intricacies of share transactions requires a meticulously crafted share purchase agreement (SPA). As a legal cornerstone, the SPA safeguards both parties with legislative […]
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16th March 2024 · 4 min Read
The Power of Intuitive Decision-Making in Personal and Business Growth
In the fast-paced world where external stimuli constantly bombard us, it’s easy to become ensnared in the web of seeking outside assistance for every decision […]
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8th March 2024 · 3 min Read
Having a 3D Mindset For Success
Hey there, entrepreneurial spirits and dream chasers! Today, I want to take you on a journey—a journey towards building a business that doesn’t just survive […]
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4th March 2024 · 7 min Read
The Essential Tax Guide for YouTubers in the UK: Sorting Your Financial Obligations
In today’s digital age, many embark on YouTube as a fun and creative outlet, only to find their passion projects evolving into lucrative ventures. When […]
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4th March 2024 · 18 min Read
Do You Really Need an Accountant for Your Limited Company?
Tackling the financial aspects of your business probably doesn’t top your list of favorite activities. It’s a common sentiment among entrepreneurs; managing the books can […]
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8th February 2024 · 3 min Read
Do Accountants Offer Business Advice? The Role of Accountants as Coaches
Introduction The role of an accountant in a business is often misunderstood. Many people believe that accountants are just number crunchers, but they are much […]
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8th February 2024 · 4 min Read
Leveraging Human Nature In Business with Parkinson’s Law Strategy & Profit First
Welcome to a deeper exploration of financial mastery, where we at Gro Profit First Accountants (Formerly Cheltenham Tax Accountants)champion the revolutionary synergy between Parkinson’s Law […]
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26th January 2024 · 2 min Read
Learn To Let Go In Order to Evolve As A Business Leader
The longer I’ve been in business the more I’ve realised that it makes sense to listen to my team more.Many organisations have internal politics to […]
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20th November 2023 · 4 min Read
The Power of the Impact Filter by Dan Sullivan
I share my thoughts, ideas and reflections many weeks of the year. I’ve decided that rather than skim the surface of several things I am […]
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30th October 2023 · 5 min Read
Chapter 2 – The Network Problem
This is Chapter 2 from ‘STOP BEING A BUSY FOOL (With the Entrepreneurial Freedom System) When I embarked on my journey with Gro Profit First […]
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30th October 2023 · 4 min Read
5 Bullet Weekly Review – What Matthew Perry Tells Us
I’ve been quiet on my weekly reviews for a while as we’ve had some projects to focus on at Gro Profit First Accountants (Formerly Cheltenham […]
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27th September 2023 · 10 min Read
Chapter 1 – The Mortgage Problem
One of the biggest problems with your entrepreneurial success is overcoming this first hurdle. We underestimate what we are capable of from day 1. Context […]
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13th September 2023 · 8 min Read
The Busy Fool System – Part 1 – The Mortgage Problem
The Busy Fool System – Part 1 – The Mortgage Problem This section (of the Entrepreneurial Freedom System Book) is not for the answers, it’s […]
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9th September 2023 · 4 min Read
Can You Really Make Money as a Coach? The Role of Accountants for Coaches
Introduction The coaching industry has seen a significant surge in popularity over the past few years. From life coaching to business coaching, health and wellness […]
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29th August 2023 · 2 min Read
5 Bullet Weekly Review – W/E 27.8.23
It’s back! My weekly review, musings, and inspirations. Let’s dive right in! My 5-Minute Coaching Sessions with Steve Jobs! You can learn more about this […]
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29th August 2023 · 2 min Read
5 Minutes with Steve: Lessons from a Virtual Mentor
You’ve probably heard the term “If I could just have 5 minutes with…”. Well, inspired by Napoleon Hill’s concept from “Think and Grow Rich”, I […]
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11th July 2023 · 2 min Read
5 Bullet Friday – 7 July 2023
Hope you had a fab week 🙂 Here are some of my learnings or updates from the last 7 days: Let your team or someone […]
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29th June 2023 · 7 min Read
The Entrepreneurial Freedom System – Book Introduction
Why This Book Exists This book has been in the making for several years. The intention was to release it by 2022, yet my focus […]
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27th June 2023 · 3 min Read
5 Bullet Friday – 23 June 2023
I’m trying to get back into the habit of my 5 Bullet Friday (sometimes sent on a Sunday!) emails. The idea is that I share […]
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21st June 2023 · 3 min Read
Introducing the Profit First Club: Boost Your Profits and Take Control of Your Finances
Hey there! I hope you’re doing fantastic and getting ready to embrace the second half of the year. Can you believe we’re already nearing July? […]
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21st June 2023 · 6 min Read
Embracing the Power of the Small Business Accountant: Your Financial Compass in the UK Marketplace
It’s a truth universally acknowledged, if you’re a small business owner in the UK, the words ‘small business accountant’ should have a special place in […]
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19th June 2023 · 9 min Read
What I learned from a month away from my business/work
How to Clockwork My Business Rule #1: I am Not an Accountant I am sitting here in Boston Tea Party (my favourite place in Cheltenham […]
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5th April 2023 · 5 min Read
Profit First or People First?
Profit First or People First? Profit First? Ew. A couple of weeks ago, the following email landed in our support inbox: “WOW…PROFITS FIRST? Really? Not […]
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4th April 2023 · 2 min Read
5 Bullet Friday 31 March 2023
Hope you’ve all had an amazing week. Here are my weekly insights/musings. Hopefully, something resonates 🙂 If you want my opinion or thoughts on a […]
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2nd April 2023 · 11 min Read
Profit First Bank Accounts
Profit First Bank Accounts What is Profit First? If you’re a small business owner, the concept of ‘Profit First’ may seem like an illusion or […]
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2nd April 2023 · 17 min Read
What is the EOS System (Entrepreneurial Operating System)?
What is the EOS System? The EOS (Entrepreneurial Operating System) system is a set of tools and processes designed to help business owners and leaders […]
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26th March 2023 · 3 min Read
The impact of discounting on your business
How Discounts and Price Increases Can Impact Your Business’ Bottom Line Are you considering offering a discount or raising your prices? While it may seem […]
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23rd March 2023 · 4 min Read
The Power of a Mastermind Group
As an entrepreneur or business owner, it’s easy to get bogged down in your own thoughts and feel like you’re navigating uncharted waters. That’s why […]
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23rd March 2023 · 3 min Read
5 Bullet Friday – 17th March 2023
Hope you are all well. Here is another 5 Bullet Friday for you. Hopefully, there will be at least one thing that helps you in […]
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21st March 2023 · 4 min Read
Instant Profit Assessment / Profit First Assessment
What is an Instant Profit Assessment? An Instant Profit First Assessment is a quick checkup of a business’s finances using the Profit First approach. It […]
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3rd March 2023 · 2 min Read
5 Bullet Friday 3 March 2023
Hope you are well. Here is another 5 Bullet Friday for you. Hopefully there will be at least one thing that helps you in some […]
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1st March 2023 · 6 min Read
What is a business scorecard?
Hey, fellow business owners! Have you ever heard of a business scorecard? It’s a pretty neat tool that can help you stay on top of […]
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3rd January 2023 · 7 min Read
Are You Ready for AI in your business?
Speaker 0 00:00:01 Hi guys. This is Steve and Edwards, the director of Gro Profit First Accountants (Formerly Cheltenham Tax Accountants). So today I’m gonna […]
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15th December 2022 · 4 min Read
What is an online tax account?
An online tax account is an online service provided by HM Revenue and Customs (HMRC) in the UK that allows individuals and businesses to manage […]
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5th December 2022 · 4 min Read
What are KPI’s (Key Performance Indicators)?
What Are KPI’s (Key Performance Indicators)? KPI’s are metrics used to measure the success of a business process or strategy. A KPI can be […]
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27th November 2022 · 6 min Read
Why You Need a Xero Expert / Bookkeeper / Accountant
There are so many online bookkeeping systems to choose from in 2022, how do you know which one is for you? Whatever you choose, make […]
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17th July 2022 · 3 min Read
One Page Business Plan
One Page Strategic Business Plan I promised myself I would reach out to our client base more often to add value where I can. This […]
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3rd June 2022 · 4 min Read
What is Profit First? A Complete Guide
What it Profit First In this video, Stephen Edwards, Director of Gro Profit First Accountants (Formerly Cheltenham Tax Accountants) provides you with an overview of […]
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We love what we do and care about your business and your money. Keeping our clients happy doesn’t just benefit you but also us, hopefully from singing our praises to friends, family and contacts…

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Helping entrepreneurs build a profitable and sustainable business without the stress. Insights from the UK's #1 Profit First Accountancy practice.
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