As the clock ticks on Toys R Us to stump up the cash for a 15m VAT bill, tax experts have urged small business owners to consider their own practices. more»

From 'My dog chewed my invoice' to 'I was temporarily paralysed', you wont believe some of these client excuses for leaving invoices unpaid. more»

it's the balance sheet that summarises the company's assets, liabilities and the shareholder's equity at a particular point in time. more»

As company owners across England and Wales grapple with the growing property tax burden, new research has revealed a sudden spike in bailiff enforcement against unpaid business rates. more»

As the UK continues to negotiate its exit from the European Union, business owners and their advisors are looking ahead with a view to minimising the impact of Brexit, regardless of the uncertainties. more»

Insolvency a state in which a company or an individual can no longer pay its debts stands apart from the processes of liquidation, bankruptcy and administration. more»

Here, Emily Coltman, chief accountant to FreeAgent, leverages her expertise for Business Advice readers to answer one of the most important questions for new founders what is bad debt? more»

Around 96, 000 companies, or five per cent of all businesses, were currently just paying interest rates on their debts, caused predominantly by the increasing costs of running a business. more»

Even a business built upon an original, solid idea can fail if your financial and managerial skills arent up to scratch. Here are five ways to avoid bankruptcy. more»

it's well known that the third Monday every January is dubbed Blue Monday, so what can businesses do to boost morale in the workplace and help employees get through the traditional post-Christmas slump? more»