The benefits of Cloud Accounting

Cloud accounting is becoming increasingly important, especially with the introduction of Making Tax Digital (MTD) in April 2018 for businesses over the VAT threshold. Cloud accounting software can provide an array of benefits for business owner as well as enable them to comply with HM Revenue and Customs by providing the digital link required for…

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The Benefits of Cash Flow Forecasting

Cash is so important in a business, and we need to understand where our cash is coming from and being used to give us the foundation to begin making necessary changes to ensure that our businesses will be successful. Once we have an initial cash flow we can begin to look at the monthly figures…

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How to Increase your Referral Business

Is it me or is time moving on at a pace? We are well over half way through the year and I guess for most people, it’s been head down and working hard to achieve those business goals. One of those goals may have been to acquire new clients. Well if it is, then why…

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Tax News and Updates – September 2018

In this month’s episode of Tax News and Updates: HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September… Download the full article below.

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Monitoring and Maintaining Cash Flow

Once we’ve prepared a cash flow statement (see our post from August 2018), we can then start to maintain and improve our cash flow, and over the months monitor our cash flow to ensure that we have enough cash to pay our bills. The first section of the cash flow – “Cash Flow from Operating…

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Post holiday reflections

The two week annual holiday is a good time to rest and reflect away from the routine of running a business and the everyday challenges that need to be dealt with. I should know as I have just come back from mine. It should give you time to wind down and have a period of…

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Understanding the importance of Cash Flow

We often hear the saying that “Cash is King” but have you ever actually prepared a statement of cash flow to see your current cash position? A Cash Flow Statement gives you the ability to see the cash received during the period against the cash outgoings in the same period to show the overall movement…

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