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In today’s competitive business landscape, every penny counts, and tax planning offers a valuable opportunity to save more money. By leveraging deductions, credits, and exemptions specific to your trade, you can reduce your overall tax bill and retain more of…

It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support the overheads and other cash demands on the business, then your overdraft will keep increasing. This means that your business in its current state…

Overheads aren’t typically a place where you will find a lot of waste. Our experience is that business owners are very careful about managing their expenses, and the smaller the business, the truer that statement is. Having said that, as…

Understanding Gross Profit Margin and its Impact on Cashflow Your gross profit margin plays a crucial role in determining your business’s cash flow, especially when dealing with low gross profit margins. It represents the amount left from your total sales…

Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit…

Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking a long time to bill for your services, then you’re carrying too much stock in the form of…