SME

5 tips for SMEs to protect cash flow

SMEs suffering from late payments often find themselves facing huge tax bills, forcing them to dip into their cash reserves. Here are 5 tips for SMEs to combat a cash flow crisis: – The world is being transformed by the digital revolution, and so too is the accounting industry. Embracing the digital transformation is simply

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Getting a Grip on Cashflow is Key to SME Success [Infographic]

It has been revealed by American Express that cashflow is getting the better of the UK’s small businesses and holding them back from reaching their potential. Research shows that not having a proper system in place to manage money flowing in and out of their business is leading small and medium enterprises (SMEs) to rely

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What are the benefits of working with an Accountant specialising in Tech Start-ups?

Technology startups are taking over the world, and here at Broadwing Accountancy we believe this can only be a good thing! In the UK and across the globe, the innovation coming out of tech startups is astonishing, and it will only continue to grow. At Broadwing Accountancy, we have been working with Tech Start-ups, SME’s

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6 golden rules of accurate cashflow forecasting

How to avoid cash flow problems with sound planning and plugging in the right numbers. Cash is the lifeblood of any business and making sure you know how it flows in and out of yours is vital to success. Plenty of profitable businesses have been upended by unexpected cashflow problems, but by forecasting and planning

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Business Process Outsourcing: could it help my small business?

Outsourcing is no longer for just big businesses, it could help you run your start-up more efficiently and save you time and money long term. Many businesses in today’s markets are outsourcing business support roles, also known as business process outsourcing (BPO), including Lloyds, HSBC, British Airways and Carlsberg. Outsourcing is becoming more accessible to

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5 undervalued benefits of outsourcing your small business bookkeeping

Outsourcing your small business bookkeeping has never been easier or more compelling than it is today. The expansion of online technology in general, and of cloud computing in particular, has drastically changed the way we all do business. Finding, contacting, and ultimately working with those services that can help your company run more smoothly—and generate a

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What you need to look for if you’re outsourcing your accounts

Outsourcing can benefit small business by saving time and costs. So, what should you look at for? In small businesses, the accounts function often tends to stay in-house and it can be quite a dilemma to consider outsourcing it. Many businesses only ever consider the cost implications and not the benefits when considering outsourcing, which

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