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.   […]

Covid 19 – how to avoid a cashflow crisis

Cashflow problems are a huge headache for small businesses. Bring on a pandemic and this increases the problems ten-fold. It’s coming to our attention more and more that larger companies are choosing not to pay their suppliers on time during the pandemic. These larger businesses are choosing instead to build their own cash reserves by […]

7 reasons why you need an accountant

7 reasons why you need an accountant Hiring an accountant to look after your business finances is a smart move. Whether you’re just starting out, or if you’re up and running but looking to expand, here are 7 reasons why you need an accountant to help your growing business. You could save money Think hiring […]

How Board View helps create a successful client

Our Board View service is 21 years old. Our most successful clients take our Board View service. Either monthly or quarterly we meet with our Board View clients to review the current performance of the business.  At the centre of the meeting sits the latest financial position, including the management accounts, cash flow, plans for […]

7 mistakes to avoid when selling your business

Selling a business can be complicated and it is easy to make some mistakes that can result in losing a lot of money.  This simple checklist will set out the 7 mistakes to avoid when selling your business. Not being fully prepared This is a common mistake with many small business owners. Selling is not […]

Making Tax Digital – key things you need to know

Are you ready to submit your accounts every 3 months to HMRC? Are you ready for Making Tax Digital?   Making Tax Digital (MTD) is a fundamental shift in the UK tax administration and the changes that will affect both taxpayers and accountants should not be underestimated. So what is Making Tax Digital? HMRC is […]

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