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The difference between Profit and Cash

What’s the Difference between Cash and Profit and Can a Business Be Profitable But Still Run Out of Cash? So, you want to know how a company can be profitable but still run out of cash? This article courtesy of Brixx is a terrific place to start. Part of the answer is that profit is…
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Own your own Company ? – Don’t take an illegal dividend

Illegal Dividends As a Director / shareholder of your own Limited Company you will have heard a lot about how tax efficient it can be to combine a salary with dividends to form your income. When you make a dividend payment however you need to ensure that you’ve sufficient funds available to do so. Otherwise…
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