Category: Money

What Employers Should Know About Employee Expenses

Here is what all employers should know about employee expenses! We are going to talk about a few of the more common employee expenses that explain what can be claimed and what need to be kept: Mileage: Travel from an employees home address to their normal place of work is classed as private travel. There…

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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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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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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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Do you run the business or does the business run you?

“I know enough to make this business a success.” This was just one of a few fatal fallacies delivered to me in a conversation with a business owner who actually wanted to grow his business. All too often small and medium business owners can fall into the ‘I can do this on my own’ trap….

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Are you a sole Director or Shareholder?

Do you have plans in place if something were to happen to you? No-one likes to think about the worst case scenario, but as a sole director/shareholder there can be serious consequences of not making plans for the future. With no plans in place there may be no one to deal with current work in…

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Are you a Teller or a Seller?

Do you want to grow your business?  If your answer is yes then it is essential that you form new relationships to generate new business as well as ‘mining’ existing ones.  Leads can come from anywhere which means it is important to build and maintain a network of contacts that will constantly be on the…

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Budget Day

1   A disappointing budget for tax advisers, as lacking in measures, but a good one for small businesses as no new ‘nasties’ apart from ending indexation allowances for sales of chargeable assets in companies.

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