Just when we thought that Covid might have been the final nail in the coffin for cash, it would appear that the cost of living crisis has given it somewhat of a reprieve, even a chance for revival. Data from the Post Office suggests that the amount of cash deposits and withdrawals in July 2022, was the highest it’s been in five years.
At a basic level, a cashflow statement details the movements of money in and out of a business over a defined period. The cashflow statement enables you to monitor bank balances, allocate reserves, manage investments and plan significant procurement.
As the Government continues to grapple with balancing the economy and the provision of further financial support, ‘unprecedented’ seems to have been replaced by ‘viable’ as the most frequently used buzz word – specifically when related to jobs and businesses. There is much talk about avoiding pumping more taxpayer cash into jobs or businesses that […]
An increasing number of families across the country are facing the prospect of significant Inheritance Tax (IHT) bills. Chichester is at the forefront of this mounting problem as asset rich, cash poor (relatively) families fail to make use of strategies to mitigate the impact of IHT. Whilst many over 50s will be counting the benefit […]