As a cost-of-living crisis looms over the UK and the global economy teeters on the brink of a recession, it is little wonder that SMEs are struggling to receive funding from banks; putting businesses in a precarious position before entering 2023. [...]
With Brexit, COVID, the war in Ukraine, and more recently a rapid rise in inflation, there has been a significant impact on supply chains for businesses over the last few years. [...]
There are numerous reasons why small and medium enterprises are increasingly deciding to move to digital in the current climate. While an initial investment is required to integrate digital technology into proceedings, it can significantly help lower overall expenditure on a long-term basis whilst simultaneously boosting your revenue potential. [...]
There are various reasons why SME owners face the prospect of payday struggles, with certain concerns exacerbated in light of Britain’s ongoing financial woes. Increased expenses, reduced consumer spending, and supply chain concerns – are all a consequence of the current cost of living crisis the country is enduring. One of these knock-on effects has resulted in SME payday issues. [...]
Business expansion takes on many different elements. One of the most important revolves around the property. Investing in business premises is often necessary for a company to grow and take that next step. There’s just one issue: breaking into the property market is difficult. This is particularly the case in the current climate. Prices are skyrocketing, which makes it all the more difficult to secure a viable deal. Fortunately, there is a solution in the form of a business commercial mortgage. [...]
SMEs are already feeling the squeeze caused by the cost of living crisis – and it is only going to get worse with winter approaching. As costs and bills continue to rise, there is significant concern among SME directors as they search for solutions to combat the issue. [...]
Last month, we discussed what VAT loans are and how they work. This month we are continuing this series with a guide to unsecured loans. [...]
2022 has felt like a very long year – and it is not over yet! The tumultuous events of the past few months have caused numerous challenges for SME owners. Thankfully, funding makes it possible to get back on track and end the year in a healthy financial position. Better yet, TSF Finance offers a variety of funding types for small businesses to help them as and when they need it. [...]
If you run your own business and are looking for innovative ways to generate more efficient cash flow, then you may be unsure about where to start. This is natural because there are several different avenues you can take. While the obvious pillars of your business that may need addressing include your client acquisition strategy, and your product or service price points, there are other details that could make a significant difference to the financial health of your business. [...]
When you fail to submit or pay a VAT return as a business, then you could land yourself in considerable hot water. This is because businesses that fail to pay their VAT returns correctly are facing a fixed surcharge of up to 15%, based on how many times they default over the course of a year. This makes it a stressful time to be a managing director trying to handle your corporate finances properly. You could cost your company a great deal of money at a time when many businesses are struggling to establish healthy cash flow. [...]
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