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Image by TeroVesalainen from Pixabay To many, alternative finance options like invoicing factoring or discounting seems like a modern concept, but though first popularised in recent history in the 1960’s in America, the practice has been in existence for...

  Image: Pexels.com   The balancing act between ensuring you have adequate control over your sales ledger and maintaining good relationships with clients is a delicate one, people consider “Be too tough and you might lose business, be too...

When you are your business, as is the case for many small or family-run businesses, the lines between personal and business finances can become blurred. This can be problematic down the line because, although there is a distinction between...

FDs would rather apply for expensive, time-consuming, credit-file-damaging bank loans than seek alternative finance. We ask ‘why?’ The alternative finance market is booming, but it seems many FDs are behind the times. 83% of FDs said they would turn...

What is IR35? The IR35 rule was introduced more than ten years ago by ex-chancellor Gordon Brown.  His aim was to crack down on the number of contractors setting up limited companies in order to reduce their tax and...

With just a few weeks to go until HMRC introduces its new Making Tax Digital (MTD) initiative, here’s a quick guide to all you need to know. What is it? HMRC says “Making Tax Digital (MTD) is a key...

Personal financial worries, stress, depression and anxiety are all direct results of cash flow difficulties caused by late payment  If SMEs were paid on time by their big business clients, our economy would be boosted by an estimated £2.5...

Invoice fraud can be one of the simplest and often most devastating forms of fraud.  It most commonly happens when a criminal impersonates a supplier and tricks a company into making a payment for a genuine supplier invoice into...

Without customers we don’t have a business. “Simples”. The simple equation is that Leads x Conversions (%) = Customers.  We need to work out which item on the left hand side of the equations requires prioritisation. Warning – it may not be simply...

Opportunity cost is about working out the balance of what you are getting vs what you are losing out on Positive cash flow  is essential for a business to thrive. It is also an essential element of business survival,...