July 2020

A real review of your numbers that could save you thousands

As a business owner you know you should look over your numbers regularly. You might even have some management accounts prepared by your accountant or bookkeeper and review the profit and loss account (“P&L”) once a month.  In conjunction with looking at your bank balance and seeing enough to pay your team and suppliers, you […]

How to improve your processes and boost cashflow

Not having the right processes in place around invoicing and cash collection can have a huge impact on a businesses cashflow. Even just late payments can put a strain on the business.  A lot of businesses think that a large client is a good client but if they don’t pay you on time, or it’s […]

Increase profits in your I.T. business without having to win new clients

When businesses first start they generally take on every client who contacts them because they’re trying to build their pipeline and grow, making a profit in the first few years isn’t the only goal.  Often the new business isn’t quite sure of itself or it’s offering so sells its services at a slightly lower price […]

Cashflow – why cash is king and how a forecast can help

A positive cashflow keeps a business running whilst negative cashflow causes a business owner sleepless nights and may even be severe enough that the business fails.  It’s one of the main reasons most start up businesses don’t survive past the first year. Spending too much or investing in new people or equipment without sufficient planning […]

Covid 19 update – how is VAT changing?

On 8th July 2020 the Chancellor, Rishi Sunak announced he was cutting the rate of VAT on hospitality and tourism from 20% to 5%. The new rate would be effective from 15th July 2020 to 12th January 2021. The rate cut applies to food, non-alcoholic drinks, accommodation and admission to attractions across the UK.   […]

Moulds & Co Ltd 2017