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Improving your cash flow: part 2

There are several ways of improving your cash flow.  We have come up with 30 simple ways that could help you.  We have given you the first 10 reasons, here are another 10:

10) Manage your stock levels and keep a record of them.  Sitting on warehouse shelves is where they do not make money.  

11) Think about invoice factoring and draw funds against the money owed to your business.  Remember to do your research. 

12) Deposits your payments to the bank promptly.  Make sure you get your money into your business bank account as soon as possible.   

Read more: Improving your cash flow: part 2

Improving your cash flow: part 1

There are several ways of improving your cash flow.  We have come up with 30 simple ways that could help you.  Here are the first 10:

1)  Invoice customers promptly whilst the service is fresh in their mind for a quicker payment. Set aside time each week to create and distribute invoices.

2)  Focus on Cash Management.  Examine accounts payable and receivable, create conditions and look for any imbalances.

3)  Keep an eye on payments.  Monitor your customer’s habits, this will allow you to learn when they need to be prompted for payments.

Read more: Improving your cash flow: part 1

National Insurance: £2000 employment allowance

From April 6th 2014, every business, charity and Community Amateur Sports Club (CASC) will be entitled to an annual “employment allowance” of £2000 to reduce their liability for Class 1 secondary National Insurance Contributions (NICs).  The allowance aims to reduce the barriers faced by small businesses, charities and CASCs, that wish to grow by supporting them with the costs of employment. 

Read more: National Insurance: £2000 employment allowance

What is employee shareholder status?

Employee shareholder is an employment status that became available in September 2013.  A shareholder is someone who works under an employee shareholder employment contract.  Your company must give, or as an employee shareholder you must receive shares in the employer’s company or employee’s parent company. 

Read more: What is employee shareholder status?