The new tax year is upon us so now’s the time to start your business budgeting, but smarter. Entering a new tax year is the perfect time to take a strategic approach to your finances for small business owners and contractors. Business budgeting can help you manage cash flow, reduce unnecessary costs, and set your […]
7 tips on smart business budgeting for the new tax year Read More »
Knowing the right time and reason to increase your prices or day rate is a challenge for any small business owner. As a contractor or small business owner, knowing when and how to increase your prices or day rates can feel daunting. However, charging what you’re worth is key to maintaining a sustainable business, rewarding
When to increase your prices and day rates and how to tell your clients Read More »
The Bounce Back Loan provided stability and reassurance for many small businesses during Covid-19; the effects are still being felt today. The Bounce Back Loan Scheme (BBLS), introduced by the UK government during the Covid-19 pandemic, offered a lifeline to many contractors and small businesses struggling with cash flow issues. However, now that the initial
The effects of taking a Bounce Back Loan Read More »
The financial process known as ‘cash projection’ or ‘cashflow forecasting’ entails estimating forthcoming cash coming in and going out during a set timeframe. While essential for businesses across the board, is it especially advantageous for small businesses and contractors? There are benefits and possible hurdles of cash projection for these demographics. Determining its viability for
Is cashflow forecasting beneficial to small businesses and contractors? Read More »
