According to the Office for National Statistics (ONS), the UK’s inflation rate has decreased to 7.9% for the year ending in June. This is positive news as the rate of price increases is slowing down. However, it’s important not to become complacent and to continue monitoring your finances closely. In the current economic climate, managing […]
Category Archives: Cash Flow
Accounting Tips, Business Tips, Cash Flow, Cloud Accounting
Why is it important to file your accounts on time ?
22
Jun
Jun
Most of us accountants are keen to make sure that you file your accounts on time. If you are a seasoned business owner, you will already know that if you file your accounts late you will receive penalties. But why else is it important to file your accounts on time? You can review the full […]
05
Apr
Apr
With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term so how do you mitigate the long-term effect of inflation? The Bank of England recently increased interest rates by a quarter of a percentage point to 4.25%. This is despite the […]
01
Feb
Feb
Inflation is affecting everyone and every business across the globe. How do you do business during these inflationary times and where should you pay attention. Soaring inflation is making things difficult for business as costs rise and, in some cases, go out of control. Consumers are also experiencing the pressures of rising prices and hence […]
Business Tips, Cash Flow, News, Tax Advice, Tax Planning
High Interest Rates and Rising Inflation – What should you do next?
17
Aug
Aug
The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]
13
Apr
Apr
The UK is one of the best places to do business in the world. Yet the current economic conditions of high inflation and problems with resources has meant there is a chance you may be thinking of your business right now and asking the question “how can I avoid insolvency?” You are probably involved in […]
11
Feb
Feb
Businesses have a lot on their plate now! You have had a lot on your plate for the last two years. But our world is changing rapidly or so it feels. So how is your business going in 2022? This year has brought different challenges. There is the threat of the “great resignation” where workers […]
27
Sep
Sep
Uncertainty is yet again in the air! Many businesses are likely to face different challenges over the coming months. This could be due to the rising costs of energy, difficulty in supply chains, rising inflation and wages and of course the end of the furlough scheme next week. We have known about the end of […]
11
Jun
Jun
The easiest way to ensure you are on top of your cash incomings and outgoings is to look at your cash flow forecast a few times a week.
Business Tips, Cash Flow, Funding, Myers Clark Updates
What should you be doing now – is more debt the answer?
15
Mar
Mar
The pandemic has hit the smallest businesses the hardest and one third of businesses recently surveyed by the British Business Bank expect reduced businesses activities as we restart.
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