If you are looking for funding for your business then, in order to increases your chances of successfully gaining that funding, there are a number of actions you need to take – before you start to apply.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Get on top of managing your cash flow
There is no denying it – when it comes to running a business, cash is king. Simply put, to survive in the competitive world of business, a company needs to ensure they have more money coming into the business than leaving it in the short-to-medium term.
Tips on keeping cash flowing through your business
Emily Coltman FCA, Chief Accountant to FreeAgent – who provide an award winning online accounting system for small businesses and freelancers – gives her five top tips for making sure your business doesn’t run out of cash.
Why does inflation matter to SMEs?
Carl Hasty, Director of Smart Currency Business, gives his latest viewpoint on Inflation, as it is not just a pressure for businesses trading at home – it has a strong influence on the price of imported materials as well as the profitability of exported goods.
How to unlock tax relief for your business: Capital allowances demystified
Andrew Stanley, founder of specialist tax adviser STax, claims many businesses could unknowingly be sitting on a substantial tax windfall, perhaps worth hundreds of thousands of pounds.
Do you know what’s in your pension pot?
Can you rely on your business for your retirement plan? Financial Planner Kevin Edwards, Director of Derbyshire-based Midland Financial Solutions gives us his advice
Can you really do without an accountant?
Going it alone and attempting to not only manage the business, but monitor every aspect of the finances, seems entirely possible for many owners.
HMRC tax enquiries – what SMEs need to know
Chartered accountant Carl Elsby of Elsby & Co looks at tax enquiries and how they can affect small and medium sized businesses.
Can entrepreneurs & business owners use their pension pot to invest in their business?
While owners may have confidence in their business and are hopeful of a successful future, the same can’t always be said for lenders, many of whom are still unwilling to take the smallest risks, however the answer may lie in their pensions.
Victory for farmers as Tax Tribunal extends Inheritance Tax relief on farmhouses
A recent Tax Tribunal decision provides clarification for farmers on whether a farmhouse qualifies for agricultural property relief.
Dealing with late payment of invoices – getting over the awkwardness
One of the toughest things about running a small business is dealing with non-payment on invoices – unpaid invoices can cause a big disruption for your cash flow, and because you don’t have a finance department to do the chasing for you, you often find yourself in the awkward position of chasing the same client that you’ve built a relationship with.
Two months on: How are small businesses dealing with RTI?
Real Time Information was introduced over two months ago, but it seems that many small businesses are still struggling to comply with the new legislation. Regardless of how you feel about RTI, it is here to stay and you must ensure your business is compliant.
Is this the beginning of the end of the financial crisis?
It is believed that George Osborne may start the process of selling off the Government’s stake in Lloyds Banking Group. The stake is worth about £17bn at current market prices, although it is not clear that all the shares would be sold at once.
SMEs are missing a trick by not looking for for late payment compensation
The proportion of claims for late payment that include compensation has risen only marginally over the last two years, despite the late payment issues small and medium sized firms are reported to be facing, according to debt recovery law firm Lovetts.
New EU audit services law to regain investors’ confidence
Since the credit crunch in 2008, the role and objectivity of auditors in annual accounts has been frequently questioned.