View Save time & money – Outsource your financial management

Save time & money – Outsource your financial management

An increasing number of start-ups & SMEs are able to scale up whilst keeping a careful eye on overheads through outsourcing financial management functions. Most commonly routine finance and accounting services such as payroll and bookkeeping are outsourced, but increasingly other areas of finance can also be successfully outsourced. Outsourcing finance functions helps companies to…

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View Calling UK Contractors – Find out the benefits of using your UK company in Ireland!

Calling UK Contractors – Find out the benefits of using your UK company in Ireland!

UK contractors can continue to contract through their UK company in Ireland and avail of certain advantages. With the Irish economy experiencing strong growth and the possibility for contractors to earn excellent rates many UK based contractors are exploring the possibility of contracting in Ireland. We have outlined in this blog the options you have…

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View The importance of hiring an FC

The importance of hiring an FC

If you own or run an SME type company, you might think that it’s unnecessary to have a financial controller on your team. In fact, you might be of the opinion that multinational companies are the only organisations that need controllers. If you are the type of business owner with this mind-set, it’s time for…

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View Case Study: Review of under performing subsidiary

Case Study: Review of under performing subsidiary

Background Client company owned 50% of a business that had a 100% ownership of a niche speciality food wholesaler business. The companies are all privately owned and based in the UK Issues: Cash flow Company not profitable Bank facilities under pressure Over expansion of warehouse facility High probability of running out of cash and insolvency…

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View Where to turn for SME Finance advice

Where to turn for SME Finance advice

Research from the British Business Bank suggests that more and more start-ups and SMEs are turning to online platforms for “financial advice”. To meet this growing demand British Business Bank along with ICAEW has created a new Business Finance Guide “a journey from start-up to growth”. In addition, The Association of Accounting Technicians (AAT) has…

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View Mitigating The Impact – Help For Flood Hit SMEs

Mitigating The Impact – Help For Flood Hit SMEs

    Over successive winters, flooding in the UK  has had a huge impact on communities and businesses. Thankfully, the UK government has supported affected areas with extra funds, including relief packages  for small and medium sized businesses affected by the recent floods. This scheme, targeted at SME businesses enables claims to be made to cover repair…

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View Gary’s Golden Nuggets: Summer holiday time…

Gary’s Golden Nuggets: Summer holiday time…

As the Summer holiday period starts, it’s worth noting some important points about accounting for unused holiday. Most businesses have a fairly lax view on unused holiday pay and whether it can be carried over each year. Changes in accounting rules will start to focus the mind on the cost of unused holiday as this needs…

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View Running Blind? – It’s Time To Test The Financial Health Of Your Business

Running Blind? – It’s Time To Test The Financial Health Of Your Business

Here’s how bad it really is… 87.5% of businesses are operating below ‘Best Practice’ standards in managing financial responsibilities. A good number of businesses in 2013 took our online Healthcheck (in assessment of their financial responsibilities/ finance function). If you think businesses in the UK had it easy in 2013, think again!   ‘Running Blind?’…

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