If your business hasn’t taken out finance before, you’ll probably come across a few new terms when you start exploring your options. It’s not always easy for small businesses to find the right funding and secure it quickly. Sometimes you’ll have to jump through a few more hoops than you might have expected. Often banks and lenders will ask for extra security before they offer finance to a smaller business. This often comes in the form of a personal guarantee.

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We know, you’ve only just started enjoying the ice-cream and sunshine, but it’s high time to talk tinsel and tree lights. Sure, for most of us it’s probably too soon to be thinking about anything that involves baubles. But for many retailers and manufacturers, logistics companies, agencies and more, planning for the festive season can’t start early enough.

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Helping your clients get back on track with their growth aims is obviously a top priority for your accounting firm. And making use of the latest government financial support for recovering businesses is one way to speed up this growth process. The Recovery Loan Scheme is already helping to provide funding to ambitious, cash-poor enterprises. But have you also factored the new super-deduction capital allowance into your planning conversations?

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Small businesses are common targets of cyber attacks. Understanding your risks and the actions you can take to mitigate them will strengthen your cyber security

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We’ve never lived in a more globalised world. Many entrepreneurs are making the most of the opportunities to find new markets in other countries or use suppliers and manufacturers all around the world. Your business might already do these things, or you might be thinking of branching out. If that’s the case then international payments will be a part of your business processes.

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Most businesses understand the basic concept of cash flow. It is simple after all. Cash comes into a business from your clients, and cash goes out when you pay your expenses and suppliers. But is it really that easy?

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Completing a project or sending out a large order is always a great feeling. Getting paid on time for it is even better. But for many B2B companies, this isn’t always a reality. There’s no secret equation to ensuring prompt payment, but following invoicing best practice can help speed things up. In turn this should free up funds for covering day-to-day operations and growth.

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Marketing a service doesn’t work in the same way as marketing a physical product. You’re (probably) not selling something shiny or glamorous, and it’s definitely harder to show your audience what it is you’re offering them. On top of that, if you’re selling to businesses rather than consumers, their priorities and risk appetite aren’t the same.

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No matter what size your business is, maintaining good relationships with your suppliers is essential. Misunderstandings and poor communication lead to errors and frustrations on both sides. Ultimately, these issues can hold up your plans, let down your own customers and cost you money. After the impact of COVID-19 on supply chains, there’s never been a more critical time to strengthen these ties.

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