Managing cash flow is a crucial part of running a business. It involves monitoring the flow of money into and out of your business and ensuring that you have enough funds to cover your expenses and invest in growth.
HMRC have now made it easier to set up a time to pay arrangement which you can do through your online VAT account. There are, of course, provisos to setting up this arrangement online.
Knowing how to monitor and manage your cash flow so your business has enough money to pay your taxes and you is vital to grow your business.
How often do you review the costs in your business ...............
Do you keep track of your payments to suppliers and receipts from your customers?
Not all suppliers are efficient in keeping track of the incoming payments from their customers and equally not all customers keep track of how mu…