Welcome to our blog!
Welcome to our blog!
Making Tax Digital (or MTD) is major initiative by the Government and HMRC to make it easier for individuals and businesses to keep on top of their tax affairs – well that’s the theory. One of the most significant steps as far as businesses are concerned is the introduction of Making Tax Digital for VAT […]
Up until now, CaFE has worked exclusively on the short-term forecasts it creates from your cloud accounting software. You have told us you love this, because it means you don’t have to worry about maintaining short-range forecasts of your own, but you have also told us that you want the option of being able to […]
Being in business is like spinning plates and it can often be difficult to keep on top of everything that is going on. Developing situations can catch you by surprise and not leave you enough time to sort them out properly. Even if you think of yourself as a non-finance person, your management accounts, whether […]
Minister for small business, Kelly Tolhurst, has told MPs that signatories to the Prompt Payment Code will be investigated if they do not adhere to its terms. Prompt Payment Code signatories are meant to pay all suppliers in 60 days and work towards paying them in 30 days. When addressing the Select Committee, Ms Tolhurst […]
‘Naming and shaming’ big companies that make a habit of paying small suppliers late may have the desired effect of forcing the worst culprits to change their ways. Let’s hope so, because nothing else – not even Government-backed initiatives like the Prompt Payment Code – has made much of an impression on a culture that […]
New laws to help more SMEs gain access to invoice finance are a start, not the end of addressing the UK’s late payment culture. Under new laws scheduled to take effect from the start of 2019, Britain’s 5.7m SMEs will be able to ignore unfair contracts that prevent them from raising finance against monies owed […]
Balancing the money coming into a business with cash disappearing in the opposite direction is a constant challenge for all companies, but for SMEs it can be crucial. While chasing late payments has become part of everyday life, it is never pleasurable – and always time-consuming when your energy would almost certainly be better spent […]
Many SME owners suffer sleepless nights and stress grappling with cash flow problems. A survey by American Express found that a quarter regularly experienced such anxiety symptoms while nearly half (46%) said that worrying about their company’s finances drew their attention away from focusing on the equally crucial issues of marketing and expanding their business. […]
Most businesses feel constant pressure to improve cashflow, but many are put off doing anything to ease the situation because they fear it may be complicated, time-consuming, expensive or possibly even pose a threat to customer relationships. However, the good news is that spectacular results can often be achieved by making a few simple changes […]
FSB National Chairman, Mike Cherry, has once again raised the scourge of late payments on small businesses by writing to the Chairmen and CEOs of all FTSE100 companies urging them to take immediate action to create a new payments culture in the UK. The FSB’s own research shows that a massive 84% of small businesses […]