Cash flow is the term used to describe a business’ cash position at any one time. Your cash flow may be positive or negative, depending on a number of factors, but if it’s negative, it can have a devastating Read more
Monthly Archives: February 2015
Three areas business owners need to have sorted by 6th April
A small business owner has so many duties to perform that it can be easy to miss deadlines. However, there are some things that must be put in place before the start of the new tax year, which falls on 6th April. It may be prudent to consider outsourcing some of Read more
Three tips for keeping your bookkeeping in check
Accurate and timely bookkeeping will provide a sound basis for your company. Keeping orderly business records will help to maintain healthy operations and provide accurate financial reports when required. As HMRC carries out regular inspections of business records, timely management could also Read more
Three ways to keep abreast of overheads
Overheads are the largest expense of most small businesses and can easily spiral out of control. This can soon have a negative impact on the business’ viability. The simplest way to increase your company’s profitability is to reduce the cost of overheads, where possible. However, maintaining control over this portion of the finances will avoid any Read more
How to make sure your services are not interrupted this winter
Harsh winter weather can disrupt a business in a number of ways, particularly when roads are covered in snow and ice and transport becomes a mess. Suppliers may not be able to Read more
Four tips for SMEs to keep their start-up costs low
When you launch a new company, it is easy to allow costs to spiral out of control. Before you know it, the business is in trouble and at risk of failing. Although there are some Read more
Three ways a business can fail to secure a loan – and how to avoid them
There are many reasons why a business may want to apply for funding, whether the company is in the early stages of development or needs finance to grow. Obtaining finance from a bank or other organisation can be difficult, especially if your company is Read more
Going global: how the UK’s SMEs are looking at the bigger picture
According to recent research conducted by Western Union Business Solutions, more UK businesses currently have confidence in the domestic economy, while the number of those SMEs that are ‘very confident’ in the Read more
The perfect accountant: what to look for when outsourcing
Outsourcing finance and accounting has many benefits, including saving valuable business resources. For some small company owners, outsourcing can seem like an extra cost but, once the advantages are Read more
Three biggest hurdles of the credit control process
A business will ideally only provide credit to those clients who have the ability to pay in a timely manner. Good credit control will increase revenues by ensuring that credit is only given to those who are considered to offer little risk, while clients who Read more