Cash flow versus profit – Which matters more to an SME?
While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.
Is the UK heading for a recession and what does it mean for your business?
Recession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the press and conversations with clients.
Managing staff costs: Statutory payments and compliance
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them.
Why do SMEs need an accountant?
If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.
Can I claim Employment Allowance for my business?
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).
Debt management strategies for SME business owners
Although it can have negative connotations, debt is inevitable for most businesses.
Financial techniques to maximise your business’ growth
To successfully grow your business, you need to not only know your current business position but also where you want to be in three or five years’ time.
How management accounts can help your business
Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they work?
Five strategies for leveraging financial forecasting
In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.
Cash flow vs profits: a guide for small business owners
As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business.