Independent Director I Valuation Professional I Financial Strategist I CharteredAccountant I IndAS/IFRS/ Corporate Governance Specialist I Insolvency Professional I Author of Bestsellers I Social Auditor & Business Coach
*”Ever wondered, why businesses borrow money”* Businesses do not borrow money, because they do not have it of their own. Rather they borrow it for 16 very good reasons. This video will explain you, what those 16 reasons are?
Helping businesses with numbers and saving taxes| Consultant 300+ clients | Audits and taxation | More than a traditional CA | Finance creator
These are the risk you will face Because of accounting errors 🎯 Misleading Profit reports 🎯 Tax issues - Overpaying or under paying it with interest 🎯 Cash flow problems 🎯 Vendor over payments or under payments 🎯 Customer outstanding Compliance is not the only area. Major areas in business are untouched which leads to loss in business These accounting problems are killing your Business finances day by day It is not always about top line or bottom line. It is even about cash flow Do you agree? #businesses #founders #entrepreneurs #finance Mahendra Garodiya
✨ Don't make this mistake in your business ✨ ❌ Mixing your business and personal funds. Whilst can be easy to blur the lines between you and your limited company, it is a separate legal entity. It's not good practice to put your personal costs through your business. At best, it creates extra work and makes your records messy. At worst, there can be nasty tax implications. Instead: ✅ Withdraw money from your limited company through salary or dividends via a planned tax strategy with your accountant. ✅ Properly record and reimburse yourself for business expenses you've incurred personally e.g. mileage. ✅ Where unavoidable, correctly record any personal transactions in your business against your director loan account. Keep a close eye on this balance and clear or repay as soon as possible if overdraw
"Financing cash flow" - The two main sources of cash from financing activities are borrowing and owner investment. Borrowing usually has a lower cost compared to giving up ownership. - Forecasting financing needs involves evaluating sales levels, operating cash flow, and capital budgeting to determine the required financing. - Adjusting the debt ratio affects long-term debt and net income. A lower debt ratio reduces interest expenses, indirectly increasing net income. Have you explored the use of dept financing as operating cash for your business?
STRATEGIC INVESTOR IN UK SME'S * INTERNATIONAL SPEAKER * MENTOR & NON-EXEC TO BUSINESS OWNERS* COMBINED 30 ACQUISITIONS, TURNAROUNDS, EXITS * FOCUSED ON DRAMATICALLY INCREASING SHAREHOLDER VALUE *
What is business turnaround? If your business is struggling with any of: * Cashflow * Systems / Processes * Lack of vision * Not got a grip of its numbers * Loaded with HMRC debt or Directors Loans I fix all of those That is a business turnaround project
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Are you looking for support and advice on managing business debts? Read our blog for information to help you improve cash flow and further growth 👇🏼
Financial Wingwoman for Female Founders • Calm, Clarity & Confidence about your Business Finances • Founder of Beaver & Bee Chartered Accountants •
✨ Don't make this mistake in your business ✨ ❌ Mixing your business and personal funds. Whilst it can be easy to blur the lines between you and your limited company, it is a separate legal entity. It's not good practice to put your personal costs through your business. Find out all the reasons why in my graphic below. Instead: ✅ Withdraw money from your limited company via salary or dividends using a planned tax strategy with your accountant. ✅ Properly record and reimburse yourself for business expenses you've incurred personally e.g. mileage. ✅ Where unavoidable, correctly record any personal transactions in your business against your director loan account. Keep a close eye on this balance and clear/repay as soon as possible if overdrawn.
Bookkeeping for Marketing Agencies | Empowering agency owners around their finances | Co-Founder at Kleer Books
When money comes into your business bank account, it's either one of these 4 things: 1. Revenue 2. Refunds 3. Owner's investment 4. Loans You need to categorize the transactions correctly. A loan is not revenue. A loan is income in the sense that it's money that comes in (in-come). But it's not revenue. And so forth. If you classify your transactions incorrectly, you're not only going to be blind money wise, but also have a mess when tax season comes.
