Newsletter: January 2010 Happy New Year Dear Colleague After the Christmas holidays and all the snow disruptions, the last thing a business needs is cash flow problems to start the New Year. If you're in that situation, don't miss our guide to increasing cash flow over holiday periods. Plus, there are still savings to be had through invoice finance if you know where to go, and that's where we come in. Get your free invoice finance quotation search and let us find you the right deal for your business. With kind regards, Julie Blackman HMRC 'Time to Pay' scheme extended, but for how long? The good news is that the HMRC has extended the 'Time to Pay' Scheme that has enabled large numbers of businesses to take additional time to pay their tax and VAT liabilities. However, the extension is just "for as long as is needed". This sounds like good news on the face of it, but that statement lacks clarity. How will it be decided it is no longer needed? And no longer needed by who? It seems unlikely the scheme will be continued indefinitely, and when it's removed there'll be a large number of businesses fighting to raise the finance necessary to pay their tax and VAT. So our advice is to act early and put in place the funding to meet this liability whenever it arises, and before the finance companies are swamped with applications for support. Why not request a free invoice finance quotation search now? HOW'S BUSINESS? We've put together a short questionnaire looking at how UK businesses are coping financially during the recession. We'd be very grateful if you would take part - it will only take a few minutes of your time. This is a good opportunity to benchmark your situation against other businesses - please take the survey here... You answers are anonymous - we will aggregate the data and report back in a future newsletter. 7 ways to increase cash flow over holiday periods It happens to us all every year: customers are slow to pay over the Christmas and New Year period and this then affects our own clients.There are always reasons for the late payments: staff holidays, delays with the post, snow... It doesn't have to be this way, though - there are things you can do to minimise the issues and smooth the cash flow of your business during holiday times. Read our 7 Simple Ways to Increase the Cash Flow of Your Business Over Holiday Periods - and avoid the cash flow delays! How a client made a cost saving of 30% We were recently in contact with a firm of machinery wholesalers who were using non recourse invoice discounting from one of the high street banks. They were looking for an improved service and wanted to save some money. We found them a similar facility with an independent discounter who we know to have provided consistently high service levels, and in the process achieved a substantial saving for our client equivalent to a 30% reduction in their annual fees. If you would like to see if we can make you a saving, without obligation or incurring any cost, simply click here to request a quotation online. Questions or comments? E-mail julie@cashflow-acceleration.co.uk or call 01892 785918. Visit our website at www.cashflow-acceleration.co.uk Cashflow Acceleration Limited, The Balaclava, Pell Green, Wadhurst, East Sussex, TN5 6EE