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10 ways to avoid a cash flow crisis

Checklist: 10 ways to avoid a cash flow crisis Regularly check your cash flow forecast to keep on track with finances and to avoid shortfalls. Send out invoices promptly and be quick to chase overdue bills. Get to know your customer payment dates and don’t ignore irregularities or delays — a poor paying customer might…

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10 signs its time to outsource some of your work

10 signs its time to outsource some of your work… It’s easy to think you can do it all yourself when you’re running a business. But outsourcing can help grow your business, not to mention save time and money. Find out if it’s time to outsource. 1. Your business is growing If you’re thinking of…

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Recipe for success – good bookkeeping

Bookkeeping is a lot like baking — the secrets to success are accurate measurements, close attention and precision timing. Recipe for success – good bookkeeping… Ingredients Expenses and receipts Outstanding costs and debts Copies of invoices Cheque stubs Bank statements Equipment Spreadsheets or bookkeeping software package Calculator Method Weigh things up carefully. Accuracy is vital…

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10 signs its time to work more closely with your accountant

10 signs its time to work more closely with your accountant. Your accountant isn’t just there for accounts. They can advise on hiring staff, help raise finance and guide you as you grow your business. 1. You want to plan growth A good accountant will be able to offer guidance on taking your business to…

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Avoiding common VAT mistakes

Common VAT problems Recognising the areas of VAT that can catch other businesses out is a good way to avoid them yourself. Here are some key issues to be aware of: Missing details • Chasing details can lead to late VAT returns and result in fines and more frequent VAT inspections. Make sure you collect…

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