April could be a challenging month for many businesses, especially if they are experiencing financial difficulties or are still a small business. As Easter and the Royal wedding fall so close to each other, many people will want to take the whole period off work. Parents will want to take time off at Easter during the school holidays, to care for children. Taking an additional three days off after Easter and leading up to the royal wedding and May day will give 11 days off work, which could cost companies dearly.
Financial planning is the key for many businesses, who should consult with their accountant at this time. Online accountancy allows you to create a strategy based on real time information, rather than inaccurate estimates which could lead to financial losses. There are steps that can be taken to ensure that your business survives April 2011. This includes speaking to your funding providers and chasing outstanding invoices. Collect monies owed to you, while extending credit facilities during April will give leverage if business experiences a reduction in trade. Looking at staffing levels will also help you to provide adequate cover during the holidays, ensuring that there are employees to deal with workflow.
A low cost accountants will help you to plan for the coming holiday period, ensuring you plan for all eventualities. Some sectors are expected to thrive during this time, especially hotels and catering industry. This may require higher staffing levels or outlay of cash, to ensure that obligations are met in a timely manner, which is why planning is crucial.
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