Good cash flow management is essential in every business if it is to succeed and grow. Cash flow forecasting is about predicting when money will move in and out of your bank account in the future. It’s easy to see how much cash you have in the bank today (you just check your bank balance!) […]
IR35 was introduced in 2000 and is designed to tackle tax avoidance, by establishing whether people who are self-employed should actually be classed as employees for the purposes of paying tax. HMRC introduced controversial IR35 rules for the public sector in April 2017. Instead of the contractor having responsibility for determining their employment status, the […]
Effective business planning will determine what business success looks like and what needs to be done to achieve it. Once you have a clear plan for your business, you need to look at the numbers to see if your plan will provide the financial results that you want. This is done by preparing a budget based on […]
Finance is important to any organisation as the firm has to know how viable it is and balance profit with costs. But sometimes leaders rely too much on the finance team to inform them about the financial health of the business. There are many ways you can tell if a business is healthy, and ratios can be […]
In this 'Be Inspired' interview Paul Bridle speaks to Ed Rigsbee, Chief Membership Evangelist, about Membership Return on Investment within an association. To view the interview click on the box below.
The Chartered Institute of Management Accountants (CIMA) produce a range of 'Topic Gateways' which are intended as a refresher or introduction to topics of interest to their members and others involved in the practical application of finance within organisations. This Topic Gateway explains the concept of the Balanced Scorecard and how the four interrelated quadrants […]