Big Four Reforms Do Not Add Up

Imposing new rules on auditors misses the point. It’s the auditing process itself that needs to change, says CRAIG ALEXANDER RATTRAY The government is consulting on the future of auditing in an attempt to avoid more major collapses like BHS, Carillion, Thomas Cook and Patisserie Valerie. Proposals include plans to break up the dominance of the…

Avoid Falling Into The Cash Flow Traps

CASH FLOW TIPS: Craig Alexander Rattray says you should ignore the myths around managing your cash There are a number of common myths (and traps), and many more that are used as an excuse not to manage cash flow. Myth: Our business is unique; we do not need to manage cash flow because… We will concede…

A Growing Business Also Creates More Risk

A Growing Business Also Creates More Risk Many business owners have multiple opportunities but a combination of fear and uncertainty, a lack of knowledge of how to do it and the related financial implications, as well as a lack of finances, prevents them from taking advantage of these growth opportunities. Like many finance-related problems and…

Keep a Check on the Cash Flowing Out of Your Business

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 to shareholders. In general, we want to slow down cash outflows, always…

How To Run Your Business From The Beach

How to Run Your Business From the Beach 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 agree.  We can safely predict that the new regime will…