Cash is king. Nothing new in that. But right now, managing cashflow is crucial to most SMEs. Here’s what we think you need to do to manage cashflow: CUT ANY NON-ESSENTIAL EXPENDITURE IMMEDIATELY Current spending should be limited to the essentials. Preserve your...
Craig Simpson, Tax Partner at Bates Weston, looks at R & D tax credits as a way of improving your cashflow. “At this challenging time for many businesses, focus will rightly be on ensuring cash is driven into the business as quickly as possible. One area...
If your company is facing short to medium term cashflow issues caused by Covid-19 the Coronavirus Business Interruption Scheme (CBILS) may well be an option. You can find more details on the Government backed CBILS here, but in summary you will be eligible if: The...
These are uncharted waters for all of us. The stakes are high. As an SME ourselves, we are facing the same challenges as many of our clients. In this article we look at practical tips for SMEs. What are the challenges SMEs face and what are we suggesting our clients...
Kay Brookes, Partner at Bates Weston offers practical steps that businesses can take to protect cash flow during the Covid-19 outbreak. “We are currently facing unprecedented circumstances and the impact of the Coronavirus will be far-reaching. The financial...
Our client has a profitable business, dealing with high volume, low margin product which is subject to significant increases in raw material costs and extended supplier deadlines. The owners understandably prioritise satisfying customer demand over reducing the cash...
