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4 top tips to help tech entrepreneurs keep on top of their cash flow

You may have heard of the phrase ‘Turnover is vanity, profit is sanity but cash is King’.

One of the main reasons startups fail is because they run out of cash, it is therefore fundamental to understand and stay on top of cash flow. This will allow you to make informed decisions and determine how you can grow your business.

There are a number of steps you can take to stay on top of cash flow.

Take advantage of tax relief

Tax reliefs are a great way of claiming back money that you have invested into your company or product.

Capital allowances can be claimed for certain assets purchased, such as machinery, security and IT investments.

Research and development (R&D) tax credits can also be claimed by businesses who are undertaking qualifying projects. This relief is a life line to certain companies which are developing products as it enables them to claim up to 230% tax relief on R&D costs, even if the outcome of the venture is unsure....