Who Is On Your Financial Team?
You can’t go it alone when it comes to your business finances. As a small business owner, you wear a lot of hats. You’re the CEO, the FD, and the HR manager all rolled into one. But when it comes to your finances, it’s important to have a team in place to help you make decisions and keep your business on track.
Managing a Large Tax Bill and Preparing for Future Bills
Sometimes tax bills can be so large that they’re difficult to manage. For any business, big or small, a large bill can cause a huge amount of stress and worry. But with proper planning and management, you can stay ahead of your tax commitments. HMRC support is available as well as options from banks and lenders to help create a stable cash flow to aid payment.
Problems Paying Your Tax Bill With Increased Cost-of-living Pressures?
Are you finding like many businesses this year, making your payments to HMRC (on time) for your tax bill is likely to be a challenge? With the current cost of living increases, cash flow is often tight and covering an unexpectedly large tax bill can be difficult. So, what can you do if you find yourself in this situation?
Managing Your Business During A Downturn
It may seem counterintuitive, but a downturn can often be a great time to refocus your resources and review your business overall. The recent global economic downturn has affected businesses of all sizes. For small and medium enterprises (SMEs), it’s especially important they manage their resources carefully and review their business plans regularly. When was the last time you reviewed your business plan? Are you achieving the business goals?
Is Your Business Thriving or Just Surviving?
Making ends meet is never easy, but it’s especially tough for small and medium-sized businesses (SMEs). With rising costs across the board (at every level of the food chain), it’s more important than ever to have reliable cash flow. And while payment lag is inevitable, there are things you can do to prevent it from becoming a major problem. In this blog post, we’ll explore some practical tips for SMEs trying to stay afloat in today’s challenging economy.
Financial Help for SMEs. What’s Available to Them Right Now?
If you’re like most small and medium-sized businesses (SMEs), you’re feeling the squeeze from the rising cost of living increases. The help from the government is thin on the ground and virtually non-existent, so it’s time to take a hard look at your business and build out a workable budget to reflect the current economic […]
Turning to Your Invoice Finance For Support and Guidance
If you’re struggling to keep up with your business cash flow, then you’re not alone. Most businesses face cash flow problems at some point, and it can be difficult to know what to do. Invoice finance is a viable solution in these situations. Let’s take a look at how invoice finance providers can help with […]
The Indirect Impact of the Cost of Living Crisis on SMEs
The current cost of living is impacting business owners in more ways than one. While many are struggling to keep up with the rising costs of daily operations, the indirect impacts are also weighing heavily; from declining customer demand to higher employee turnover, the ‘crisis’ (as the media loves to call it and a term that for the rest of this article I have tried to avoid. We could just say rising overheads, but it doesn’t catch the eye nearly as well!) is affecting businesses in a variety of ways. In this post, we’ll explore some of the most common impacts of these increased costs and what business owners can do to mitigate them.
Invoice Finance – A Solution for Business Growth, Not Just Survival.
A common misconception is that invoice finance solutions are only used by businesses that are struggling. This couldn’t be further from the truth. Many businesses decide to have an invoice finance agreement in place because it ensures the cash due from their invoices is received in a timely manner, easing out peaks and troughs in […]
What Can You Do when Your Business has Run Out of Money?
It’s the scenario that every business owner dreads – the money runs out. This can be a very frightening and uncertain time for any business, regardless of size or longevity. No one ever plans on their business running out of money – in fact, the lack of a plan is normally the reason why it happened! However, if it does happen, what can be done quickly to turn things around?
