In 2008, the world plunged into an unprecedented financial crisis. Many CFOs faced the challenge of their careers. In even the healthiest sectors, cash became king.
Even finance professionals have been known to incorrectly code their employee expense claims resulting in unexpected tax treatments. David Vine, managing director of GlobalExpense, explains why the tax and VAT issues relating to employee expense claims is a black hole to many and what employers should do about it.
Pay freezes are seen as acceptable reason to exaggerate expenses, but David Vine points out that this can cost companies more than they think.
Expenses expert, David Vine, looks at the tax implications of company Christmas Festivities and warns that being a Grinch could backfire. He outlines five rules to be followed.
Chris Oulton, the CEO of one of the few independent money market companies, Prime Rate, gives corporate finance directors five factors to consider when seeking to place cash.
Drew Hofler at Ariba looks at how Pcards could benefit the complete financial supply chain by improving working capital.
Mark Dunleavy looks at how EU rules under SEPA are pushing banks to improve payment services to companies. While compliance issues may have been tackled, solid solutions still need to be developed and there remain idiosyncrasies.
Although factoring has become more important to the cash flow of British business, it still has its pitfalls. Here Gerry O'Kane looks at how to truly value your deal and points to other pitfalls and benefits.
British companies are historically poor at improving working capital. Finance Week figures show they are increasingly looking to factoring and asset-based lending to boost their cash flow. Here Gerry O'Kane looks at cash management and warns poor payers may cost more than you think.
In our continuing series to help finance directors tackle the recession, we have a series of presentations from a recent Association of Corporate Treasurers seminar on handling working capital.