View Timing your invoices to improve cash flow

Timing your invoices to improve cash flow

Unless you use the cash accounting scheme, you will normally account for output tax on the VAT return that coincides with your sales invoice date. How could a simple VAT trick with your invoicing help your cash flow? Tax Points The tax point rules identify when a supply has taken place for VAT purposes, and…

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View When is the right time to hire a Finance Director?

When is the right time to hire a Finance Director?

You’ve launched your business, sales are growing at a healthy rate, customers are lining up and there may even be interest being shown in international markets.  You should be basking in the light of your success, but instead you have so much to do, it’s hard enough to find 15 minutes to grab a sandwich…

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View How to solve common cash flow problems in your SME

How to solve common cash flow problems in your SME

Just as good cash flow keeps a business afloat, poor cash flow can sink it. Poor cash flow is a big reason why one in every four businesses don’t make it past the first year. And why more than half don’t survive past the fifth. In this article, EFM will explain what cash flow is,…

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