While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked. You could be making money on paper but still be broke, unable to meet bill payments and even on the brink ...
READ MORELate payments are draining £11 billion a year from the UK economy, according to new research from online accounting platform Sage. Nearly half of all SME invoices (49 per cent) are now paid late, with businesses waiting an average of 27 ...
READ MOREAre you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities. Understanding the differences in seasonal commerce is crucial for success. Whether you are opening an ...
READ MOREIf you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant. Engaging with an accountant can significantly enhance your SME’s prospects by providing expert financial advice and managing ...
READ MOREThe Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs). What is the Employment Allowance? The ...
READ MOREAlthough it can have negative connotations, debt is inevitable for most businesses. Loans are huge contributors to growth for a lot of small businesses, so it isn’t uncommon for business owners to have to balance repaying loans with investing in their ...
READ MOREWhen it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done. You must try to recognise your, personal, impact on your business and take action to limit this. What ...
READ MOREYour business could benefit from a new scheme being run by HM Revenue & Customs (HMRC). The newly introduced “open banking enhancements” allow businesses to reduce their immediate paying obligations and pay their tax bills in manageable portions. Managing taxes efficiently is ...
READ MOREAs a small business owner, you've likely heard the terms "cash flow" and "profits" used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business. The distinction between the two can significantly impact your business's financial health ...
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