Understanding business loans
A business loan typically covers a specified period, usually a number of years, and the amount borrowed is repaid with interest set at a specific rate. Usually, the sum is repaid at monthly intervals,...
View ArticleAn overview of the main financial statements
Financial statements are utilised to keep tabs on the monetary health of a business. You can obtain information about the financial position of a company, how it is performing and any changes that have...
View ArticleHow voluntary VAT registration could help your business
When the taxable turnover of a business reaches, or is likely to reach, the threshold of £82,000 over a period of 12 months, the company has to register for VAT with HM Revenue & Customs (HMRC). If...
View ArticleShould you take out a business loan?
There are many reasons why a company may need a business loan, whether it is needed on a long-term basis or just to cover a temporary shortfall. All forms of loans cost money and should be considered...
View ArticleReasons to consider a business loan for your tool hire company
Business loans are designed to meet the specific requirements of a company, and usually have a fixed rate of interest, paid back over a set period of time. You may need a short-term loan, which may be...
View ArticleTop five tax tips for a small business
Tax is a dull but necessary topic, which business owners all have to deal with at some time. Although tax must be paid, it is beneficial to minimise your bill wherever possible using legitimate...
View ArticleAnnual Investment Allowance: an overview
The Annual Investment Allowance was introduced in April of 2008 to encourage business owners to invest more in their company. However, the amounts that can be claimed have altered over the years,...
View ArticleHow to improve your chances of securing a business loan
It can be difficult to obtain finance for a business, especially during a weak economy. Banks have set criteria for lending and if you do not fulfill the requirements, you are likely to be turned down....
View ArticleHow to manage overhead costs
Business overheads can very quickly mount up and turn into net losses for the company, unless you take control of them before they reach that level. Regular financial reports that outline profit and...
View ArticleHow to improve and manage your working capital
The working capital of a company is a measure of its short term health and efficiency. The net working capital should be indicating that the business has sufficient assets to pay its debts. If however...
View ArticleWhich financial reports are crucial for a business?
The production of financial reports enables a small business owner to maintain control of finances and remain aware of any potential problems that could impact on the company. Reports can become...
View ArticleFunding for growth: Alternative finance sources
It isn’t uncommon for businesses to feel they may struggle to secure finance from traditional lending sources like banks. When traditional finance is withdrawn it can cause all sorts of problems for a...
View ArticleProcedures and processes: managing petty cash
Most companies will incur the occasional expense for a small item, often paid for using cash rather than issuing a cheque or using the business credit card. Such items may include stationery, milk for...
View ArticleTips for accurate inventory control
Controlling inventory can be a real challenge for a business, especially if the company has limited storage space or cash flow problems. Excess inventory takes up valuable storage space and costs the...
View ArticleHow to overcome the challenges of business planning
Creating a business plan is a crucial step for all companies, not least because the document may be required by potential investors, finance providers and other stakeholders. Business planning includes...
View ArticleUnderstanding financial analysis
Along with producing a viable business plan, financial analysis is crucial for the daily management of a company. It isn’t possible to plan ahead unless you have financial data so that you can create a...
View ArticleTips to secure business funding
A business may require funding at any stage, from first starting up to expansion. It is much more difficult to secure funding now than it once was, which combined with the many options available makes...
View ArticleAre you considering invoice financing?
Invoice financing is a method employed by companies to raise money against outstanding debts. Usually, a third party will purchase any invoices you have that remain unpaid, although the amount paid...
View ArticleHow to avoid bad debts
Debts can have a serious impact on a company’s cash flow, possibly affecting your relationship with your suppliers if you have insufficient funds. Cash flow is a culmination of income and expenditure,...
View ArticleHow Employee Absence Affects your Business
The management of absence from a company is complex, as it costs the business large amounts of money each year, but it’s something that is simply unavoidable. Although it is a fact of life that people...
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