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Over half of businesses set to increase prices

Three out of five companies expect to increase their prices in the next three months due to the continuing supply chain disruption, soaring inflation, and rising energy costs The 58%…
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SMEs not returned to pre-Covid turnovers

Accountants believe that more than one in four UK SMEs have still not returned to pre-Covid-19 levels of productivity or turnover. The latest Association of Chartered Certified Accountant’s (ACCA) SME…
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Business optimism high despite low cash reserves

A third of UK owner-managed businesses report lower cash reserves now than when going into the pandemic but a worrying percentage do not plan to pay back covid loans. However,…
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How to improve cash flow and reduce risk

Making sure bills are paid on time is absolutely critical for any business wanting to improve cash flow and strengthen the balance sheet, explains Warwick Haycock, accounting software specialist, Access…
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Staff shortages threaten future SME growth

SME businesses remain optimistic about their post-pandemic recovery but staff shortages and concerns around rising inflation threaten future growth. The findings from accountancy and advisory firm BDO reveals that business…
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The Profit-Boosting Benefits of Digitising Your Small Business

There’s never been a better time to digitise your small business. The past few years have highlighted the importance of organisational agility and digitisation greatly strengthens this, allowing for rapid…
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Cash Flow vs Profit: What’s the Difference and Which is More Important?

It’s the age-old debate: cash flow or profit? Whilst the two are undoubtedly related, they are certainly not the same thing and business owners must often sacrifice one at the…
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How to Work Out Whether Your Small Business is Profitable Or Not

As a small business owner, you always have a million-and-one things to think about. It can be difficult to stay on top of the numbers and know which ones matter…
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Five Ways to Reduce Costs and Boost Your Profitability

Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability doesn’t only come from sales numbers. And a profitable business isn’t…
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