How to manage cashflow in your business

During what would normally be the busiest period of the year for businesses in retail, hospitality and other sectors, many will now be keeping a close eye on their cashflow as they deal with the impacts of COVID-19. While Government-backed schemes like furlough, grants and loans will provide some much-needed support, there could be additional[…]

Employer issues with automatic enrolment

Policy success, but headache for employers? Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment. It started with the largest companies and now applies to employers of all sizes with staff[…]

Different types of business structures

Options to consider when starting up You’ve got a business idea, you’ve got the skills, the concept, the motivation and maybe even someone that’s keen to pay for your services, but where do you start? What will you call your business? What business structure will suit it best? It may be that as your business[…]

Property as an investment for landlords

With low interest rates, property remains attractive As the global financial crisis began to bite in 2008, central banks in several nations took action, attempting to shock the world economy back to life by slashing base interest rates. The idea behind this kind of stimulus is to make saving less attractive, hopefully prompting people to[…]

Identifying inefficiencies in a business

Avoiding waste, maximising profit Accountants, as a breed, are fans of efficiency. We tend to appreciate optimised systems and abhor waste, whether it’s time, effort or resources being frittered away. The concept of efficiency as we know it today is a product of the industrial revolution. That’s when engineers and manufacturers became obsessed with squeezing[…]

The scourge of late payments

Outstanding invoices compromise your business’s cashflow When you supply goods and services, you expect to be paid, and promptly, but Britain has a deeply embedded culture of late payments. Indeed, for some businesses, delaying payment is an essential part of the business model. Outstanding payments are problematic for various reasons. First, there’s the basic problem[…]