Acknowledging problems with your cash flow is a skill often learned the hard way – that is, when issues have actually occurred. Not all snags are connected with the finances of the company, especially if you outsource accounting; indeed, some will be to do Read more
Monthly Archives: May 2015
Six ways an accountant can help your business: Part three
Reporting on the past year in business is essential for you to plan for the year ahead. Preparing financial statements is a time-consuming process, especially when you have to analyse results and produce reports. Outsourced accounting services usually Read more
Six steps to managing cash flow: Reducing costs
Managing expenses and slashing costs can have a big impact on cash flow. A company has to have a healthy cash flow and, for many businesses, it may seem natural to Read more
Six ways an accountant can help your business: Part two
Budgeting has to be done at least once annually when planning for the year ahead, but you may also have to revise your budget if you experience fluctuations in your finances during the coming 12 months. This may be a daunting task, especially if you are a new business owner, but a reputable accountant can use a variety of information to produce a Read more
Six steps to managing cash flow: Forecasting
Managing cash flow is down to some basic principles: having more income than expenditure, money arriving in a timely manner, and healthy sales. Forecasting sales and expenditure is a crucial part of managing cash flow, which is where an outsourced accountancy service is Read more
What you need to know about IR35
The complex legislation known as IR35, introduced in April 2000, is aimed at contractors who are working through a limited company as self-employed, but may be deemed to be Read more
Six ways an accountant can help your business: Part one
An accountant is often mistaken for someone who completes your tax return and prepares accounts. Although they do fulfil these duties, a reputable accountant can do far more for your business than your annual return. Outsourcing finance and accounting will leave you free to concentrate on other aspects of the company, knowing that everything is Read more
Six steps to managing cash flow: Credit control
Cash flow is often said to be the lifeblood of a business. However, while a company may have a healthy profit, it’s no good without a steady stream of money coming in.
One of the biggest threats to Read more
Are you compliant with the new VAT rules?
Companies that sell digital services and products to European countries are facing new rules for VAT from 1st January 2015. The VAT rules in the country of the buyer apply to Read more
Understanding business loans
A business loan typically covers a specified period, usually a number of years, and the amount borrowed is repaid with interest set at a specific rate. Usually, the sum is repaid at monthly intervals, with a fixed payment every month.
Varying amounts can be borrowed and Read more