Unfortunately, a business can be profitable and still face cash flow challenges. While this may seem nonsensical, it is an issue that many SMEs face as they balance liquid funds against everyday realities.
Cash tied up in unpaid invoices, with upcoming payroll and other business costs pending, can be frustrating and destabilising for many SMEs.
While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.
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.
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.
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).
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.
Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they work?
In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.
In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be introduced in mandatory phases from 6 April 2026, as opposed to 2024.
