Tweak Your Biz » Finance

Financing a small business has become easier with the rising popularity of crowdfunding. Almost every day we hear stories about crowdfunding where people raise thousands or millions of dollars of funds online for their businesses. There has been a lot of chatter out there about online business funding and hundreds of crowdfunding sites are popping up nowadays. However, not all have real communities, investors and success stories under their belt. Therefore the question arises: Which…

Many businesses find themselves suffering cash flow problems at some point. This can arise as a result of trying to grow the business, but not having the necessary cash, or simply relying on the receipt of a book debt to pay the wages on a Friday. Nobody likes dealing with the time-wasting and energy-sapping telephone calls from creditors. The depressing drive to work in the morning, knowing the problems that are going to be faced that day are probably the same as yesterday, last week, last…

For someone who is not well versed with the stock trading stuff, it all seems gibberish. There is some graph that’s constantly fluctuating by some amount starting at 9am in the morning and ending at 4:30pm – 5pm in the evening. The whole world has its eyes on this little graph that defines whether the economy is growing or contracting. You may also have heard about stock traders who make their living from these fluctuating stock markets. The graphs that we are talking about represent the…

If you are looking to start a business, one of the most critical components of your business plan is likely to be acquiring sufficient funding to carry you from inception to your first sales and profits. While some new enterprises are good candidates to attract investment capital, the vast majority of new businesses in the United States aren’t “sexy” enough to attract money from Silicon Valley or Wall Street. Of the more than 600,000 new businesses that are started each year…

One fact of business life is that you will at some point have to pay tax on your business profits. You will often have to pay tax in the form of insurance contributions for employees and, of course, sales taxes. It is normal practice for a business to recoup its sales tax or Value added taxes from the tax authorities, meaning the end user or customer ultimately pays it. However problems can sometimes occur when a business has charged the taxes to the end customer but has not paid over the taxes…

Bank lending to British businesses fell dramatically after the financial crisis of 2008. Quite understandably, with the threat of having its balance sheet ripped apart, high street banks became cautious in offering credit to the vital SME sector which accounts for 99% of all private sector businesses as well as employing 14.4 million people every day. Thankfully, the alternative finance market has reacted incredibly but SMEs need to be aware of the alternative business funding options which do…

  Is ecommerce the enemy of high street business? Despite fears that online shopping will kill bricks and mortar businesses, for the smartest SMEs integration between the two offers a way to get ahead of the competition. Some of the most recognisable high street names are already knitting ecommerce tactics into their business strategies. Electronics specialist Maplin are planning on increasing the interconnection between their online and offline offerings, including a live video tutorial…

Payroll is a business critical function in any organisation and it is also one of their biggest expenses. Despite this, it is often not given due consideration – that is until something triggers the need for change. This is something we see time and time again – however, organizations shouldn’t wait for a crisis, such as a missed payroll date, before reviewing their payroll function; this is something that should be reviewed as an overall risk assessment with in any organization…

Taxation on vehicles can often be a deciding factor for many smaller businesses when they are choosing their fleet cars as this can be a hefty price to pay. In general the more environmentally friendly the car is the less tax you will have to pay, but this can often mean opting for more costly models. Company Car tax calculation Company car tax is calculated by the cars P11D value, which is based on the list price, including VAT and delivery costs plus any added extras. A vehicle’s first…

The average invoice payment in Ireland is 62 days, according to the Small Firms Association. According to a survey by the equivalent body in the UK, 50% of small businesses has written off an invoice valued between £10 and £9,999.00 in the last 12 months. Frightening statistics if you are trying to manage your cash flow to run your business. Cash flow is the life blood of your business, slow payment results in STRESS. That’s a given but it also:- slows the business growth creates…