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Entries from March 2016

April 2016 Regulation Changes

Sarah Bean - Tuesday 29.03.17, 13:44pm

To keep small businesses up to date with current regulations, Business Link has published an online guide to changes which will be coming into force in April 2016.
The changes include:
- A reduction in the main rate of Corporation Tax, from 28 to 26%, and the Small Profits Rate from 21 to 20%.
- Corporation Tax must [...]

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Tags: Business Link

Top Tips to Maintain a Healthy Cashflow

Sarah Bean - Tuesday 22.03.17, 13:50pm

Many otherwise successful businesses have run into difficulties because they have run out of cash.  Here are our Top Tips to stop this happening to you.
1. Collect money owing to you as quickly as possible. Issue invoices as soon as work has been completed, or time them to arrive at the same time as despatched [...]

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Tags: Cash Flow

The Enterprise Finance Guarantee

Sarah Bean - Saturday 19.03.17, 13:59pm

The Enterprise Finance Guarantee (EFG) is a government backed scheme to improve the availability of finance to Small & Medium Sized Enterprises (SMEs).  Under the scheme, the Government guarantees up to 75% of the loans, the purpose of which is to provide working capital and other business funding in cases where it would not otherwise [...]

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How invoice discounting works

Sarah Bean - Tuesday 15.03.17, 14:02pm

Invoice discounting is a means of borrowing money against the value of your outstanding invoices.
Before any agreement is reached, the invoice discounter will check:
- Your business – it needs to have a good track record, a turnover in excess of £500,000 and supply goods and services to other companies on credit
- Your systems – paying [...]

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