It’s a dog-eat-dog world out there. In the wake of the financial crisis there’s a tendency to do anything to win business. But businesses that take this approach open themselves up to the very real risk of toxic debt in the same way the US found itself in the grip of the subprime mortgage crisis [...]

If a business is selling plenty of products or services and buying labour and parts at the right price how is it possible for it to go bust? It’s called cash flow and not having it under control is more often than not the reason why so many businesses fail. Profits can’t be spent until they are collected. Obviously it’s important to sell at the right price and create the maximum amount of both gross profit and net profit. If you don’t focus on collection though you’re business won’t last very long. Cash is the lifeblood of any business, and if it isn’t flowing at the right place at the right time, this can cause real headaches for the business owner.

Every month/quarter or year – we get ‘The Tax Invoice’ and more often than not – it’s an invoice with a hefty total attached – the Accountants invoice. Don’t you just wish you could contain accountants’ costs and still derive the benefit that you so desperately need? Have a read over the following tips and tricks to make your accountants life (and charges) a bit lighter: