finance

Things you can do to reduce your outgoings and help both your cashflow and profits

  • Posted on: 4 December 2020
  • By: ali

When the business owners I talk to ask me about increasing their profit, the one and only thing they focus on is sales. But there are other ways to increase profit and one of them, possibly my favourite, is to get control of and reduce the outgoings in the business. In fact, for some businesses, a focus on outgoings has saved them, and allowed them to thrive in better times.

If you’ve suffered a drop in turnover, due to Covid-19 here are some key things you should have in place now – please do not rely on guesswork or, even worse, bury your head in the sand!

COVID-19 update on new measures to help businesses through the winter

  • Posted on: 1 October 2020
  • By: ali

In recent weeks I’ve spoken to many business owners who are keen to make sure they get the appropriate support during these unprecedented times. One of the most common questions I am asked is around will the Coronavirus / Covid-19 Job Retention Scheme continue, or will there be anything to replace it?

October 2020 is the last month under the furlough government Contributions – Job Retention Scheme. Wage caps are proportional to the hours not worked.

Furlough Government Contribution Wages (CJRS):
60% up to a cap of £1,875 in October 2020