Cash
The Fundamentals of a Business Budget
A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the […]
Managing Tax Debt
How Cashflow Forecasting Can Help You Stay on Top of Tax Payments Managing your tax obligations effectively is crucial to the financial health of your business. One of the best ways to ensure you stay on track is through cashflow forecasting for tax management. By having a clear understanding of your expected income and expenses, […]
Be canny with cash flow
In the race to have everything done before the Christmas closedown, make sure to take some time to look at your cash flow and plan for the new year. January is a month with some key tax dates, a lot of things falling due on 15 January, in particular. As well as the usual PAYE […]
Manage your Christmas cash flow
Christmas can cause a cash flow crisis for small businesses, but you can prevent problems from spilling into the New Year: Get your invoices out early. Ensure December and January invoices go out well before Christmas to give your customers the chance to pay before the break. Encourage customers to pay before Christmas if they […]
Planning for seasonal dips in income
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and […]
Keep cash crowned as king
If you want to succeed in business, understand that cash is king. Your business won’t survive without it. The following six takeaways are essential for business success: Protect your cash position, by knowing what it is. Build a cash flow statement and always keep it up to date. If you foresee a shortfall, start at […]