Leasing is powering ahead in the funding marketplace. In 2013 43% of SMEs used leasing as a method of funding new plant and machinery, office equipment and cars, this increased to 51% in 2014. The survey of 3,000 SMEs from Germany, France, UK, Italy, Spain,...
Finance
Professionals Funding
Many professionals Struggle to pay Tax in July All professions have cash flow issues, just like the majority of companies. They have difficulty paying their VAT, Their Corporation Tax and Income Tax, as well as their professional indemnity insurance and Practice...
Licence/Maintenance Finance and Construction Stage Payments Finance
There have always been two types of funding requirements that have historically been very difficult, if not impossible to find solutions for. The first was how do you raise finance against the value of signed contracts for products or services that are paid in monthly...
Using the right VAT number when invoicing EU customers?
Since the rules on charging and reporting VAT changed in 2010, HMRC has taken a lenient approach to errors in EC Sales Lists. But there are signs that it is now toughening its stance. When you send an invoice without VAT to a customer in another EU territory, you have...
Do you have a £500 million business hiding inside your company?
Asking customers to pay to join a special group of your best patrons can increase your turnover; encourage customers to buy new products and services from you, and provide a healthy boost to your cash flow. Just ask Jeff Bezos, the founder of Amazon.com and the chief...
A quick guide to Credit Control
'Credit control' is the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time. Credit control is part of the Financial Controls that are employed by businesses to ensure that once sales are...
Financing the Retirement of the MD, or a Major Shareholder in a Family Business
Planning the retirement of the MD or another major shareholder in a family business is often an emotional, complex and time consuming affair. It is normally, but not always in the case of death, a long term project spanning a number of years. The challenges and risks...
Personal Guarantee Insurance
Are you or your clients worried about the Personal Guarantees that you have given? Then think about PG Insurance. Personal Guarantees are the bane of most business owners’ lives and something that they continually ‘moan’ about. Invariably any form of borrowing...
What do the new accounting standards mean for you?
In the next year your accountant will start talking to you about the changes in accounting standards in FRS 102. This new standard is about moving the UK Accounting standards closer to the International Accounting Standards. The main difference will be an increase in...