Business Insights

Prompt payment is one of the most frustrating issues that SMEs across the UK are forced to deal with on a daily basis.

Much is made of the importance of maintaining a healthy cash-flow, but it is often the case that business owners and managers don’t properly understand the ideas behind the words. So, just what is cash-flow and what does it mean for your business? A simple definition of cash-flow would summarise it as the way in which cash comes into your business, moves around it and leaves the other side. It is essentially a measurement of how free capital is to enter, circulate and leave a business without becoming tied up.

It is essential that businesses have an action plan in place to ensure that they are able to recover quickly in the event of a major disruption, such as a significant loss in revenue.

The future of care homes in the UK could potentially be under threat, as an increasing number of elderly people struggle to meet care home costs.

Getting your taxes in order is a very important part of learning to function as an SME, but sometimes the process can seem complicated. If your business is potentially struggling in the current economic climate then tax affairs can seem even more daunting.