View What is the difference between a budget and a forecast?

What is the difference between a budget and a forecast?

In order to identify new opportunities and ensure that they are operating on a profitable basis, small businesses need to incorporate a review process at the start of each financial year into their management process. The starting point in the process is to put together projections for what sales they might reasonably expect to make,…

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View Associate Blog: Re-shaping the future of SMEs

Associate Blog: Re-shaping the future of SMEs

In this article, we hear from CPA Ireland President and EFM Ireland Finance Director, John Devaney, as he discusses his time as CPA Ireland President and how SMEs have adapted throughout the pandemic. When I accepted the support of my colleagues on Council and agreed, in February 2020, to be the next CPA President, I…

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View EFM FD, Ravi Maheswaran, provides financial support on company acquisition

EFM FD, Ravi Maheswaran, provides financial support on company acquisition

Buckinghamshire based EFM Associate Ravi Maheswaran recently supported the acquisition of London Architectural Glass Ltd by United Glass Group. He supported the shareholders of LAG Ltd through the deal with financial management, support and negotiation with the buyers. Hill Dickinson advised the sellers and issued the following press release: Hill Dickinson’s Corporate team has advised London…

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View How part-time FD services can benefit your company

How part-time FD services can benefit your company

Managing your finances is critical to all businesses, no matter how big or small. Juggling cash flow, sourcing funding and maximising profitability are challenges to all business owners and these are the things that a part time Finance Director can help with. This is why EFM has developed 7 key benefits around why you should…

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View Cambridge based Finance Director, Jonathan Wheeler, joins the EFM Network

Cambridge based Finance Director, Jonathan Wheeler, joins the EFM Network

About Jonathan… An experienced, approachable Finance Director and accredited turnaround professional, Jonathan is passionate about helping SMEs to overcome their challenges and to achieve the best possible outcomes. He has over 15 years’ experience in senior finance roles and in providing advice to businesses across various sectors in crisis management, distressed turnaround, growth, exit planning,…

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View Every Business needs a Business Continuity Plan

Every Business needs a Business Continuity Plan

Unpredictable events happen in business whether the cause is a global pandemic, natural disasters such as weather or even through willful or accidental damage. The impact may be felt directly or indirectly via a key customer, supplier or member of staff causing major disruption to your operations. When adverse situations arise, you must be ready…

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View Is it time for a Financial Health Check?

Is it time for a Financial Health Check?

We’ve all heard the old adage ‘prevention is better than cure’. It’s usually used in relation to your health, but it can just as easily be applied to the health of your business, especially in the current Covid dominated economy. Getting an expert opinion and treating those niggling issues before they become major problems that…

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View R&D Tax Credits – Identifying an eligible claim

R&D Tax Credits – Identifying an eligible claim

The Government’s R&D Tax Credit scheme, an extremely successful initiative that has been running for the past two decades, is open to any company investing time and money in new products or processes that meet HMRC’s definition of R&D. Research and development (R&D) Tax Credits represent a generous government tax relief incentive, as firms can…

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