There has been a rash of these enquiries in these last few weeks with a deliberately scary and sometimes perceived as threatening incoming letter demanding detailed explanations of why your claim qualifies, details of how the time of staff and consultants were...
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JUST SAYING …
There’s a saying ‘practice makes perfect’. It doesn’t. Practice makes permanent, so what you practice every day across your business really matters. How you go about prospecting and selling, how you manufacture or provide service to the demands of your customers, how...
7 credit management tips for maintaining cash flow
Maintaining positive cash flow is integral to the long-term running of your business. It enables you to meet your financial commitments and keep your operations ticking. However, there are constant threats to cash flow. One that frequently affects businesses is late...
Should you lease or buy business assets?
Every company needs assets to operate, from machinery and hardware to vehicles and furnishings. Without these, staff cannot do their jobs and customers are left unserved. However, securing these assets comes at a substantial cost. Buying assets outright requires...
2023 and Beyond. How can a business plan
If you are a small or medium-sized enterprise, as we approach the end of the Annus Horribilis that was 2022 and try and look forward to 2023 the future holds lots of uncertainties. We are on our 3rd Prime Minister this year, we see no end to the war in Ukraine and its...
How to maintain cash flow amidst rising inflation
With the economic context of the UK, it’s no surprise many businesses are experiencing cash concerns. Inflation, the energy crisis, supply shortages, and the risk of recession have all seen economic confidence decline and prices increase, bringing unwanted...
What is stock finance?
Stock finance is a popular form of funding used to boost cash flow by unleashing capital in your warehouse. It utilises unused stock as security to raise finance from lenders. If used correctly, it is a great way to free up money while enabling you to retain the...
Capital Allowances for Property Embedded Features, Fixtures and Fittings
Accountants should include a tax-reducing Capital Allowance claim for your business property, plant, and machinery; but often do not claim for embedded fixtures and fittings. These can represent an additional tax-reducing allowance of up to 50% of the property value,...
7 tips for turning around an unprofitable business
Businesses will undergo many challenges in their lifespans, stemming from external circumstances or internal issues. Regardless of the problems you face, you hope to come out the other side. However, there are times when it’s not as easy to overcome obstacles as you...