Cash flow is the lifeblood of a business. If it seizes up, the business dies. But managing money within a business isn’t just critical to its survival, it’s also what oils growth and releases the latent potential a business holds.

The biggest mistake businesses make is to focus all their marketing effort and budget on getting new customers. Research has shown that it costs up to 6 times more to get a new customer than to retain or sell to an existing one.

With the complexity of the VAT laws, it’s understandable that businesses make mistakes on their VAT returns. When VAT was first introduced in the UK way back in 1973, it was hailed as a simple tax. Turns out it isn’t quite so simple after all.

While an arrangement to borrow money for a business is between a client and the lender, there are numerous other individuals involved to help the process with many needed before the application is even considered.

Research & Development (R&D) tax relief supports companies that work on innovative projects in science and technology. You can even claim on unsuccessful projects.