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Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every entrepreneur’s top skill. If you are new to company accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The profit and loss report and the […]

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Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it. Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash […]

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For many business owners, determining the success of a business comes down to how much profit the company makes. Of course, finances are an important measure of an company’s overall success. If you don’t bring in more than you spend you won’t be in business for long. Profit, however, isn’t the only important benchmark by […]

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Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight pivots […]

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Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Surge in Vaccine Demand After Expanding Eligibility for Young Adults Almost half a million vaccine appointments were booked in England within just 5 hours after eligibility was expanded to those aged 25 to 29, indicating high […]

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Welcome to our first Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Good News with Zero-Death COVID-19 Milestone   For the first time since the pandemic hit the UK, the number of COVID-19 deaths the UK government announced on Tuesday was zero.   This milestone reflects […]

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  At face value, it seems like a great idea.   If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid.   You feel that you can handle it yourself. You have the best intentions to keep your staff […]

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We all know that dividend payments are a key way to pay yourself and your fellow company shareholders when your business makes a profit. But are you following the right rules when taking out dividends from your company?   Dividends can only be declared out of your company’s available undistributed profits, and the correct administrative […]

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It’s been a tough time financially for many UK businesses over the past year. So, as we gradually begin to ease out of the pandemic, there’s likely to be an increasing need for extra funding to get your business operations back off the ground and on the road to recovery. The new Recovery Loan Scheme replaces the […]

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As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for – so it’s a good idea to get yourself organised and ready. There are several things to check, either on the year-end date, or before the end of your company’s financial year. Some tasks are […]

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