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Preparing a cash flow forecast

As we briefly discussed in our blog Improving small business cash flow, cash is the life blood of small businesses. As small business accountants in Kent we work closely with businesses to ensure that cash flow challenges don’t become major issues or problems. Businesses don’t become insolvent and stop trading because they are making a loss - they do so because they can’t generate sufficient cash flow to pay their bills as they fall due. Beyond concerns regarding solvency and continuing to...

March 20, 2021

What Budget 2021 means for Kent

On Wednesday, 3 March 2021, Rishi Sunak presented what was one of the most eagerly awaited budgets in modern times - perhaps of all time. Budget 2021 was all about a ‘Once in a 300-year event – the pandemic. A year on from when COVID-19 really started to bite and with the UK still in the grips of its third coronavirus lockdown, the Chancellor gave us around 50 minutes of his time to provide an update on what the pandemic has meant for the UK economy and what we should all expect next. What w...

March 5, 2021

Improving small business cash flow

Many of you will have heard the saying ‘turnover is vanity and profit is sanity’.   It’s a mantra that we would certainly encourage any small business to adopt but it is a sad fact that many find themselves in financial difficulty despite making a profit. There is another saying that we are a little more fond of: cash is king. As small business accountants, we would encourage this to always be the main focus of any owner managed business. For any small business, cash fl...

February 17, 2021

Setting up your own business - self employed or limited company?

When you are first looking at setting up your small business you will need to make a decision as to which structure you use to trade. There are essentially 2 options: self-employed or running your own limited company. The very first thing to understand is that there is a fundamental difference between being self-employed and being the director of a small limited company. As a director of a limited company you are not self-employed for tax purposes.   You may feel like you are self-empl...

January 14, 2021

Major VAT change for CIS businesses

A major change to the way in which businesses in the building and construction sector collect VAT will come into effect on 1 March 2021. This change could have a significant detrimental impact on short term cash flow. In short, the customer who is receiving the service will retain the VAT that they would have otherwise paid to the supplier and pay it directly to HMRC instead. This change marks a fundamental change in the way that VAT is accounted for and was due to be introduced in October 2020 ...

September 10, 2020

Covid-19 Finance Team

ATN Partnership has created a COVID-19 Finance Team which will act as the central hub for our wider team and clients for information, guidance and advice. Our aim is to be able to quickly and effectively help businesses access the COVID-19 measures that they are eligible for. As you will appreciate the situation is constantly evolving and there is always a delay between any government announcing measures and enacting the legislation that they require to implement their plans. Ther...

March 30, 2020

IR35 (Off Payroll Working) overhaul delayed

One of the Government's most controversial and feared tax changes has been pushed back by 12 months as part of the Coronavirus support measures. For those that have been living and working with the provisions of IR35 for the past few years the rise of the Coronavirus has at least bought some much welcomed relief.  Big changes were afoot that would have significant implications on many so called ‘off-payroll’ workers.  But the Government has rolled back on the proposals as it seeks ...

March 19, 2020

Budget 2020 was worth £223 million to the local economy over the next 12 months.

Good news for the local economy as Budget 2020 delivers a much needed injection of cash for Gravesend, Dartford and the surrounding area. It was a long time coming, but 11 March 2020 looks like it was well worth the wait for the local area with a windfall of over £665 million over the next five years - of which £223 million is expected to land in the next twelve months. The number has been calculated by Accountants ATN Partnership after an initial analysis of the numbers announced by the Chanc...

March 12, 2020

Website overhaul

New online home follows hot on the heels of new offices as ATN Partnership further improves their offering to clients. Leading Gravesend accountants ATN Partnership has continued it’s image overhaul with the release of their new website. The firm continues to expand and found its previous website falling behind the times so having completed the move across town to new premises decided now was the time to revamp its online presence . Niyi Idowu, one of the firm’s founding Partners, said:“We...

March 1, 2020

Enterprise Finance Guarantee Scheme (EFG)

A Government guarantee scheme is still a best kept secret according to ATN Partnership - and Gravesend businesses are missing out. Securing the money you need to do the things that you want has always been part of the reality of running any business but banks often want security before they will consider lending which is a problem for those businesses who can’t offer any. But a relatively little known government scheme that has been knocking around for years provides the answer and allows smal...

January 29, 2020

New Offices as firm continues growth

ATN Partnership moves to bigger, brighter offices as the firm outgrows its existing premises in just five years   Leading Gravesend accountancy practice, ATN Partnership is on the move again, less than five years after first establishing itself in the town.  Now boasting its 10th year of operation, the Company (the fastest growing in the area) has discerned an increasing need for its services from businesses across North Kent. Tahmina Ahmed, Partner, said:“We continue to enjoy a...

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