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VAT and Making Tax Digital
How does the Making Tax Digital (MTD) for VAT legislation affect you? Definition of VAT: VAT is an acronym for Value Added Tax. It’s a tax that’s applied to the price of goods, services and other taxable supplies that are bought and sold within the UK. Do I need to be VAT registered? In the UK, […]
5 Actionable Cash Flow Tips That Can Help Your Business Stay Afloat
We at Float like to think of cash flow forecasting as your fitness plan. You cannot expect your cash flow to be healthy after a single forecast. You will only see results with consistency and good habits. Around 70% of UK small businesses experienced significant cash flow problems in 2020 which are detrimental to their […]
And The Winners Of The AccountingWEB Software Awards Are…
We’re delighted to announce that we’ve won two awards in the prestigious 2021 AccountingWEB Software Awards, beating some stiff competition to be crowned one of the favourite tools of more than 7,500 accountants in two categories: Forecasting, Planning & Analysis, and Cash Management and Credit Control. The AccountingWEB’s annual software awards are voted for by […]
How To Prepare For A Funding Round
Most start-ups need to seek funding at some point – and many have to do it more than once. It can be a long and daunting process, but we’re here with everything you need to know when preparing for a round of funding to grow your business. We’ve written this article with businesses at the […]
5 Financial Reports To Share With Your Board
Are you preparing for a big board meeting? As a start-up, you might feel nervous about presenting your finances to the board before your business is fully established and making the sort of money you know you’re capable of. How can you show the board that you’re well on your way to building a profitable […]
6 Of The Best Apps For VCFOs
In this second guest article from Sharon Brown, Founder of Magic Beans accounting practice, Sharon shares some of her favourite apps and reveals how they help her deliver seamless VCFO services for her clients. Actively finding ways to streamline and improve workflows and processes is all part of being a valuable VCFO. Finding the right […]
How To Use A Cash Flow Forecast To Apply For A Loan
As a small business, you may be struggling to bridge the cash gap between when you’re paying bills and when you’re receiving money. Or maybe you’re wanting your business to grow and you’re looking for investment options. Taking on debt is a very common and relatively cheap way of solving some of these problems. If […]
How To Write A Winning Business Plan
You’ve got a brilliant idea, and you’ve mapped it all out as a feasible, money-making possibility. You might have saved up some capital or secured funding, but you’re going to need a solid business plan to turn your dreams into reality. Don’t worry if you’ve never written a business plan before, help is at hand! […]
Top Tips For Building A Successful Referral Strategy | Float
When accountant and friend of Float, Heather Smith, asked the accounting and bookkeeping community for a collection of tips on building a successful referral strategy, she surfaced some incredibly useful insights. In this guest article, Heather shares those tips with you. Referral: The act of directing someone to a person or business for information, or […]
When Can I Afford To Take On More Employees?
Are you ready to take on a new employee? Whether it’s your first hire or your 28th, you’ll want to make sure you have enough cash in the business to cover the expense of an extra pair of hands on board. How will you know when the right time to take on a new employee […]
Can I Plan Ahead To Pay My Tax Bill?
Good tax planning is essential to minimise your tax bill and prepare for the impact tax payments will have on your business’s cash flow. Whether you’re getting ready to pay your VAT, GST, sales tax or corporation tax – the best way to keep your business cash flow healthy is by planning ahead. Most business […]
Lattice Career Paths, Shifting Economies, And Purposeful Work: How Accountants Can Leverage These Trends
This is the second of two guest blog posts from technology and lifestyle accountant Heather Smith. You can read part one here: The rise of automation, the gig economy, and data: how accountants can leverage these trends. Recently I sat down with Kevin Fitzgerald, Managing Director of Xero (Asia) to talk about some of the […]
The Rise Of Automation, The Gig Economy, And Data: How Accountants Can Leverage These Trends
We were delighted when technology and lifestyle accountant Heather Smith agreed to write two special guest blog posts for us on trends in the accounting industry. We hope you enjoy reading this insightful article as much as we did! The Association of Chartered Certified Accountants regularly publishes Professional Insights Reports that aim to answer today’s […]
Small Business, Big Questions
We can help you answer the business questions you’ve been asking for years. Find our solutions to the most common business ‘what ifs?’.
G-Hold’s Alison Grieve Gets To Grips With Her Finances
“When I grow up, I want to be an inventor,” said 7-year-old Alison Grieve into her cassette recorder. Years later, the very same Alison Grieve is once again being recorded – this time on popular TV show, Dragon’s Den. And while Alison’s hand-hold inventions, created to reduce repetitive strain injury (RSI), didn’t quite catch the […]
Here’s What You Need To Know About The Job Retention Scheme
With the Coronavirus Job Retention Scheme or ‘furlough’ scheme coming to an end in October, the UK Government has announced a plan to prevent mass job losses as businesses emerge to a post-lockdown world amidst the coronavirus pandemic. What is the Job Retention Scheme? Chancellor Rishi Sunak has unveiled plans for a Job Retention Bonus, […]
VAT Cut For The Tourism And Hospitality Sectors
On 8th July, Chancellor Rishi Sunak announced in a statement to the House of Commons plans to reduce VAT rates for hospitality and tourism businesses. The VAT reduction announcement comes as many businesses have been severely affected by the coronavirus pandemic, particularly through forced closures and post-lockdown social distancing rules. In a bid to boost […]
The End Of Furlough – What’s Next?
As the furlough scheme winds down, what does that mean for you and your business?
Find out how to keep your business’s cash flow healthy at this uncertain time, read this article.
Creating A Community With Your Clients – With Accountant Alasdair McGill
Alasdair McGill is more than just an accountant. He’s a man with a family, a successful and forward-thinking business, a dedicated workforce and an unshakable determination to do the right thing. He’s passionate about people and community, and like many of us, is searching for that elusive work-life balance. Or in his words, “workplaces that […]
How Helen Crapper Uses Float For Cash Flow Forecasting Flexibility
Learn how accountant Helen Crapper uses Float to plan ahead for business recovery after COVID-19 and practises cash flow forecasting flexibility in this case study.
How To Make Operating Cash Flow Decisions On Fact, Not Fear
Your five year plan went up in the air when we went into lockdown; there’s a ‘new normal’ in town and we’re having to embrace it in everything we do. Whether it’s providing food for our families, adjusting to working from home (or keeping ourselves safe if we can’t), and video calls with unexpected Zoom […]
Now You Can Duplicate Existing Cash Flow Scenarios
In this ever-changing world in which we’re living (thanks, Mr McCartney) scenario planning has never been more important. So in response to customer feedback, we’re delighted to let you know you can now use an existing cash flow scenario as the basis for a new scenario at the click of a button. Picture the scene: […]
Win a Digital Firm Assistance Package!
We’ve always done our best to have the backs of our customers and partners. And now is no different. We want to help as many people as we can, with what we have. That’s why we’ve teamed up with Future Firm, Xero, Karbon, Mindbride.ai, Practice Ignition, Plooto, and Ron Baker (The Soul Enterprise). The Digital […]
How the Coronavirus Business Interruption Loan Scheme works
Update: This UK government support is set to end on 31st March 2021. Some of the information below may now be out of date. The impact of COVID-19 has sent shockwaves through the economy, with thousands of businesses desperately needing help to deal with the lasting financial impact on their business. The UK government has […]
Your 6 Step Guide To Covid-19 Cash Flow Forecasting with Float
Now more than ever, cash flow forecasting is at the forefront of most finance conversations. Understanding how much cash you might have in the future is paramount to informed decision-making, especially amidst this global pandemic. We want to keep businesses in business. As a small business ourselves, we’re in a position of uncertainty as to […]
How to Combat Coronavirus Cash Flow Concerns
As the world grapples with the unprecedented spread of Coronavirus (COVID-19), small businesses are beginning to see strains on their cash flow from cancelled flights, cancelled events, social distancing and consumer panic. As of the date of publishing (19th of March), countries have taken the following actions, all of which (however necessary) have negatively impacted […]
Float Offer for Businesses Affected by COVID-19
A crucial element of running a business is thinking about and planning for the ‘What Ifs’ that inevitably arise. This could not be more relevant given the impact that the Coronavirus/Covid-19 outbreak is already having and will have on the global economy. As well as the traumatic human impact of worry, illness and even death, […]
Budgets Can Now Increase or Decrease by Percentage 🥳
We’re excited to announce a new feature hot off the presses! You can now create percentage increases and decreases on your budgets in Float, as well as fixed value increases and decreases (eg. + or – $500 a month). This is something that has been requested quite frequently by our users, and we’re confident that […]
Say Hello to Improved Budgeting!
Ever had a payment delayed? Or a project that starts a month later than originally planned? In Float, this often means updating your budgets to reflect this new reality. For a lot of people using Float, this was making the task of keeping their forecast up to date a time-consuming process. Updates made easy We’ve […]
Float are a Founding App Partner of App Advisory Plus
Float recently joined forces with App Advisory Plus and became a Founding App Partner of the platform! We could not be more thrilled to be part of such an exciting platform that aims to help accountants and bookkeepers to support their clients to run better, more efficient, and profitable businesses! Why App Advisory Plus? […]
The New Way to Log into Float with Xero’s Single Sign-On
We’re thrilled to be able to offer our new and existing users the ability to sign into Float using Xero’s single sign-on feature! Announced at Xerocon Brisbane 2019 by GM of the Xero Ecosystem, Nick Houldsworth, this new streamlined way to connect your Xero account to Float will save you time whilst keeping still keeping […]
Business Snapshot: Xero’s New Cash Flow Pilot
Back in 2019, on the first day of Xerocon Brisbane, Chief Product & Partner Officer and all-round Xero rockstar, Anna Curzon, announced the arrival of Xero’s new cash flow pilot. Now, Business Snapshot has officially launched and offers Xero users “a dashboard-style report displaying performance measures to help you understand your organisation’s financial position”. This […]
Float Wins a UK Cloud Award!
We are so unbelievably thrilled to announce that Float has won the Best Fintech Product or Service Award at the UK Cloud Awards! We couldn’t be more proud of our team, our product, and of everything that we’ve achieved over the past year. So here’s to the Float team, but especially to our wonderful […]
How Making Tax Digital is Pushing Accounting Firms into the Digital Age
Making Tax Digital (MTD) is just around the corner, and many accounting firms are at the tail-end of completing the move to online tax management.xe Whilst MTD for VAT may be compulsory for UK firms, businesses, and individuals with earnings over £85,000, it’s also pushing firms to dive into a world of digital that can […]
Xero’s Cash Flow Playbook
Having a healthy flow of cash is vital to the success of any business, regardless of the industry or size. But not every business has a handle on their cash flow, or even knows how important it is. In fact, in July 2018, just 50% of small businesses in the UK, Australia, and New Zealand, […]
We’re always looking to improve Float to match the needs of our customers. So, this month we’ve been working hard behind the scenes to push some updates to improve the product’s speed, as well as working on some new features, to make the process of managing your invoices and bills easier than ever before. So […]