Small Business Accountancy Blog From RIFT Accounting in Kent

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  • Late Payment and Small Companies

    Late Payment and Small Companies

    With over three quarters of companies having to wait a month or more beyond their agreed terms, late payments are taking a big bite out of small business.

  • Avoiding the Cash Flow Trap

    Sales, Cash Flow and Credit

    Business survival is about more than making sales. Monitoring your cash flow is like taking the pulse of your business. If doesn't need to be racing, but it does need to be reliable.

  • What the Sharing Economy Means for Your Business

    What the Sharing Economy Means for Your Business

    The Sharing Economy is a business concept that's so new and so radical that we've been doing it since the Stone Age. It's a big idea and, once again, small businesses are leading the charge.

  • End Of Year Planning For SMEs: It's All in the Reflexes

    End Of Year Planning For SMEs

    Every great adventurer who ever darted back under a rapidly descending stone wall to retrieve a beloved adventuring hat understands the value of timing and a cool head under pressure (or at least a cool-looking head - because, you know - adventuring hat). With the end of the tax year looming like an enormous rolling boulder trap, it's time to get your 2014-15 situation prepped, primed and optimised - so let's get to it.

  • 'Tis the Season...

    Cash flow and seasonal business

    With the holiday season upon us, it’s time to bask in the glow of the firelight and think about the jolly old toymakers, reindeer groomers and industrious elves hitting their busiest time of year. Seasonal trends, like elderly relatives on the sherry, are largely beyond your ability to control. 5% of UK businesses close their doors at some point during the year to save costs, while 6% get stuck relying on credit cards to manage their seasonal fluctuations. 4% use business loans, 17% either take on or let go staff to cope and an enormous 30% of those affected use their invoice or supply chain to ride out seasonal downtimes. All in all, if seasonal trends are influencing your business then you need to have a strategy to deal with them.

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