CASH FLOW TIPS: Craig Alexander Rattray explains how to manage cash outflows Typically, cash outflows relate to payments to suppliers (also known as Trade Payables or Trade Creditors), employee wages and salaries, and taxation (employee taxes, sales taxes, and corporate taxes). Other cash outflows include fixed asset investments or capital expenditure, loan repayments and dividends […]
Don’t let late-payers put a strain on your business
CASH FLOW TIPS: Craig Alexander Rattray says there are ways of improving cash flow from customers If you’re having problems getting payments from customers you could try some of these methods to improve cash inflows: Automatic payments from customers who pay for an ongoing service or product. This “recurring revenue” is of huge value to […]
How to run your business from the beach
Craig Alexander Rattray explains why the business owner should focus on building value rather than on operational matters Despite widespread expectations, the Chancellor did not make any changes to the capital gains tax regime and business asset disposal relief in the Budget. So, what now? Most commentators expect the changes are inevitable and, sadly, I […]
Why it counts to understand the numbers
CASH FLOW TIPS: Craig Alexander Rattray says there is help at hand for those who struggle with accounts As the business owner you are not expected to be the finance expert. However, you must understand your financials and your cash flow. Many business owners who have run their own company for many years are often […]
What does it mean to own a profitable business?
CASH FLOW TIPS by Craig Alexander Rattray, a weekly series of guides for owner managers Profit is the difference between the total of all sales less the total of all costs and expenses for a particular period. Many business owners may realise at some stage that that the profit they make in the business does […]