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Don’t Write off Debts Owed to your Business

In our News Roundup last week we revealed the worrying fact that a massive 40% of small businesses here in the UK have had to write off debts during the last financial year and don’t actually know the exact sum that they are owed by debtors.  A recent survey of more than 700 business owners disclosed that the average business is owed a total of more than £62,000, with 82% of small companies still having balances outstanding from their debtors.

Debt Collection News Roundup – September, 2016

The team at Access Credit Management is committed to keeping up to date with what’s going on the international debt collection industry so that we can provide our readers with interesting and relevant news about the sector.  As such, once a month we publish a News Roundup to help keep you up to speed with all the important happenings in the industry and provide you with a valuable resource that that you can use to stay fully informed of all the latest news.  It would be interesting to know what you, the readers, think of the stories that feature here.

Budgeting for Small Business Owners – Five Top Tips

If you’re a small to medium enterprise (SME) owner then you’ll be aware that budgeting is one of the most important jobs you need to do to keep your cash flow steady.  Maintaining a steady cash flow, as we’ve pointed out in the past, is vital to run a successful business, especially in these days of economic uncertainty.  Today we’re going to take a look at five top budgeting tips for small businesses owners that can help you to get the best out of your budget for your company.

Making Tax Digital – An Overview for SMEs

As a business owner you may be aware that the HMRC (Her Majesty’s Revenue and Customs) is planning to digitise the UK’s tax system which will change the relationship between businesses and HMRC.  The 2015 Budget saw the government set out a vision for a transformed tax system and the Making Tax Digital (MTD) Roadmap was launched in December 2015, outlining what the tax system should look like by the year 2020.  The government has published six consultation documents, each of which focuses on specific customer groups or elements of the reforms:

Collecting Payments Owed for International Traders

If you run your own business, chances are that you already have a website for your business.  This might be a website that allows you to sell online or you might just be using the website as a means of reaching a wider customer-base in order to let them know about your products or services.  If you’re not already selling your products or services online, it’s worth considering making the move to do just that.  Having a website means that your business is visible to a global audience and the next logical step would be to allow prospective customers to place an online order.

How to Get the Best from your Bank – Top Tips for SMEs (Part Two)

Last week we took a look at ways in which SMEs can get the best from their banks when it comes to managing cash flow and wider financial affairs. This is an important issue for small to medium businesses here in the UK, especially in the current economic climate when we’re facing uncertain times financially due to the surprise Brexit vote returned by the electorate in the June EU Referendum. Today we’re taking things a little further with some advice on how to get the best out of your bank if you’ve received bank finance.

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