Summer has a habit of sneaking up on businesses. The school holidays, slower customer response times, team members taking annual leave, it can feel like a period to simply get through rather than make the most of. But for business owners who use the summer months wisely, it can be one of the most productive…
read moreAs the financial year draws to a close, it’s essential for businesses to prepare for their corporation tax obligations. Staying ahead of deadlines not only ensures compliance but also helps avoid unnecessary penalties and interest charges. With careful planning and timely action, businesses can manage their tax liabilities efficiently and even identify opportunities to improve…
read moreWorking capital is essential for an SME (small to medium-sized enterprise). It enables them to manage daily operations, invest in growth opportunities, and navigate financial challenges. Being able to effectively manage working capital ensures that businesses have sufficient cash flow to cover short-term obligations and capitalise on new growth initiatives. What is Working Capital? Working…
read moreAs many business owners are finalising their accounting for year end it is interesting to note how many forget about capital allowances. A capital allowance is a based on an item which provides benefits for successfully trading and where the cost of the item is not deductible from trading profits, meaning that there is a…
read moreKeeping a healthy cashflow is a must for any successful business but often this can be difficult, especially when money is tied up in unpaid invoices. Unfortunately, one of the most important areas of a business is often something that can be outside of the owner’s control – a reliance on customers to be prompt…
read moreBusinesses must adapt, whether it is to a change in supplier, a change in customer demographics, a change in manufacturing process or indeed a change in staff, the need to be flexible and overcome challenges is essential. Often the one critical factor that can determine how successfully a business can adapt is working capital. Any…
read moreIn October 2021 the UK government released their roadmap of how they plan to become a leader in sustainable investing. This means that the finance sector needs to adapt and start embracing climate change. With the ambition of having a zero emission focus it is important for all to start embracing change, no more so…
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