Profit matters but cash flow is what keeps business alive and moving forward. You can be profitable on paper and still face a crisis if cash isn't landing when you need it. The difference between businesses that grow with confidence and those that constantly feel under pressure? Clarity and planning. Here's how to get both: Know Your Future Cash Position — Not Just Today's Balance Your bank balance tells you where you are right now. A cash flow forecast tells you where you’re
With the end of the tax year approaching, a popular question when sitting down with my clients is “what can I actually claim for?”. Here’s a straightforward guide to what you can and can't claim as allowable business expenses. What are allowable business expenses? Allowable expenses are costs that are “wholly and exclusively” for the purpose of running your business. Key points to remember: The cost must have a genuine business purpose, not mainly personal. You need evidence.
When I started my new business, one of the first decisions I made was choosing the right business structure. Whether to be a sole trader, enter a partnership or set up as a limited company (Ltd). The structure i choose affected how i pay tax, handle my finances and protect my personal assets. Today, I break down the most common UK business structures, highlighting the pros, cons, and key things to know before you get started. Sole Trader Becoming a sole trader is the simplest
