Sollertia Blog

One of the most effective ways to boost your cash flow is to increase sales. Although you should always be on the lookout for new clients, it’s more cost effective and less labour intensive to concentrate on your existing client database. Your Read more

Working capital is the money used to pay for the daily running of a company, and is calculated by subtracting the current liabilities of a business from its assets. Managing your working capital effectively will help to ensure that your Read more

Poor business practice is often the cause of cash flow problems, resulting in loss of funding and potentially leading to liquidation, so consider how adopting sound practices for your company could help to avoid a Read more

Late payment of invoices can have a serious impact on a company’s finance, and you may even experience difficulty making timely payments to your own suppliers as a result. Monitoring cash flow and the payment of invoices is Read more

Understanding and managing cash flow is critical for any business, especially during times of economic difficulty. Staying in control of the company’s cash flow will help avoid financial crisis and maximise growth potential. As Read more

There is a popular saying that many business owners have heard: “Cash is King”. Although this is a common phrase, what is the actual meaning and is it accurate?

Cash flow is the incoming and Read more

Tax planning is a crucial element of any business strategy, which involves using the means available to legitimately reduce any duties owed. Tax relief, allowances, exemptions, expenses, and other tools are made available to minimise the amount of tax a company pays each year.

However, although tax avoidance is perfectly legal, it is viewed as unethical when Read more

Taxes are a fact of life all around the world and most countries have a system in place to collect what is owed from their citizens. However, many of these nations also have a tax gap, which is the difference between the total collected and the amount of tax actually owed.

The UK and USA have similar tax systems, with a payroll and returns that Read more

Accounting errors are genuine mistakes that were not made intentionally. It is possible to have discrepancies in the numbers, or you may have used an incorrect interpretation of policy, resulting in a mishap.

Although accounting errors can lead to serious problems, including Read more

The United Kingdom’s official currency is pound sterling, or simply the pound, which is used throughout the nation to buy products and services every day.

Having become a part of Britain’s identity over the years, as well as Read more