How to keep the cash flowing

Kevin Hall and Punnit Vyas consider cash flow improvement during Covid-19, including bad debt relief and cash accounting

In these uncertain times, businesses will need to do all they can in the economic downturn caused by Covid-19 (however long that may last) not just to keep afloat, but to keep cash flowing through the business. After all, cash is king, and if the business can improve cash flow that might just make all the difference. This article explores how VAT, which normally amounts to a large and significant monetary figure within the business, could be reviewed in a number of ways to identify opportunities for VAT efficiencies and cash flow improvements.