I hope that you had a good summer and that the autumn season has started well for you. This is a time of year when many firms start to struggle with their cashflow, so we have ideas to help. I’m also told that it’s a time of year when staff are more likely to leave, so we have some tips for you on what to do if that happens to you.
Finally there’s some important changes to VAT in the construction sector that we summarise for you.
Most importantly, we are here to help you so please contact us on 020 8532 9843, if you need further information on any of the topics covered.
Best wishes
Alan Patient
5 ideas to improve cashflow
A successful business is successful because it always has cash coming in, not because it sells a lot, or has a good margin. A (lack of) cashflow causes businesses to fail, or succeed. You’re not working hard for profit, you want CASH. How is your cashflow and do you regularly focus on improving it? Read more
4 ideas to improve your cashflow
New VAT rules for the construction sector.
If you work in the construction industry there VAT change you need to know, which is due to take effect from October 2019. HM Revenue and Customs has introduced the Domestic Reverse Charge (DRC) as part of new anti-fraud rules to combat VAT fraud in construction sector labour supply chains. Builders, sub- contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. Read more
What to do when a key team member leaves
When a team member leaves it can be very frustrating, disrupt the business and even affect your long-term plans. However, people move jobs more frequently these days. Here’s 5 tips on what to do when a key team member decides to move on. Read more
