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The key to business success – a good financial plan
Banking and finance are pressing issues today . Some businesses suffer from not balancing their books or managing money wisely . Jonathan Sidlin , Financial Planner and Managing Director of HSC Financial Advisers , tells Intelligent CXO how companies can take control of their finances and move forward , stronger than ever .
For many business owners getting a hold on finances across the year is critical to business success .
The very nature of business means that finances are constantly fluctuating with bills , staffing costs , materials , rates , taxes , along with invoices and payments for services and products incoming and outgoing at different times .
With no clear parameters on outgoings and expected incomings , things can quickly become a mess and difficult to unpick . Here is the reason for good financial planning from the outset .
Projections and forecasts of outgoings and incomings are initially the very basics that a company can undertake but there is so much more that can be achieved by implementing financial strategies for success .
Taxes and planning ahead
Whenever I look at companies with large amounts of cash on their balance sheets , I sometimes shudder at the thought of the inordinate amounts of tax paid in order to hold that money . Although 19 % corporation tax on profits may not seem like an extortionate www . intelligentcxo . com
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