Business General Latest updates Managing your business Your customers Sales and marketing Legislation Starting a business Your employees E-Business and I.T. Exit planning

Managing your business

General

• How not to succeed in business
• How to stay competitive
• Is your business as healthy as it appears to be?
• Protect your goodwill

Operations and processes

• Get results through outsourcing
• Benchmarking: not just a large company concern

Money, finance and cashflow

• A change for recognising business profits
• Can you cut your interest payments?
• Improve your debt collections
• How to protect your business when your customers go under
• Finding the money to develop your business
• How would the euro affect your business?

Growing your business

• The right kind of growth
• The dangers of overtrading
• Small can be beautiful

Dealing with fraud

• Identify and prevent fraud in your business
• The most common fraud risk factors
• Encouraging employees to report fraud
• What to do when you suspect employee fraud

Can you cut your interest payments?

If you have a business loan, a commercial mortgage, or a permanent overdraft facility with your bank, the chances are you are that you may be paying more than you need to in interest.

Interest payments can be a substantial part of your outgoings, and so any way you can reduce them will help to improve your profitability.

Given the right circumstances, almost any kind of loan can be renegotiated, and it is surprising how easy it can be to lower your interest bill in this way.

Track record

To be in a position to negotiate, however, you will need to have an established track record. Ideally you will have:

• been trading for at least three years
• a good profit history
• a clean credit record
• a healthy prognosis for the future

It also helps if yours is a 'conventional' business type with which the prospective lender is already familiar.

Also, the more capital and security you can provide, the better the terms you will be able to negotiate.

Leverage

If you want to renegotiate a loan, you basically have two options:

• Prepare a proposal for a new loan and take it to an alternative lending source
• Use this option as leverage to negotiate a better deal with your present lending source

Whichever route you take, you will need to prepare your case and support it with reliable documentation. We would be happy to assist with this, and with the eventual negotiations. Call us today if you think we can help.

Business:	Business Start-Up | Business General | Limited Companies Partnerships | IR35 | Business Management | PAYE & NI | VAT
Personal:	Introduction to the Tax System | Planning Aspects | Home Aspects Pensions | Aspects of Investments and Investing | VCT & EIS
Tax:	Budget Report | Tax Guide | Financial Planning Guide Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning