Changes in the economy, society, or market conditions can cause sales and profits to decrease. Businesses can be significantly damaged, or in extreme cases, cease trading if this stage isn't managed properly.

Challenge: Businesses in the decline stage of the life cycle will be challenged with dropping sales, profits, and negative cash flow. The biggest issue is how long the business can support a negative cash flow. Ask, is it time to move on to the final stage of the life cycle and exit your business, or can it be turned around?

How we can help: Search for new opportunities and business ventures. Cutting costs and finding ways to sustain cash flow are vital for the declining stage.

Money Sources: Suppliers, customers, owners.

To find out more about what we can do for you at this stage click on the links below:

• choosing your accounting date
• the construction industry scheme
• an introduction to the tax system for the self employed
• don’t fall into the credit trap
• the law and directors responsibility
• tax and the company car
• getting the timing right
• an introduction to corporation tax saving tips
• how to gain the most out of your accounting records
• company bonus or dividend
• capital gains tax taper relief
• capital allowances
• industrial building allowances
• striking off
• PAYE
• employing your spouse
• tax free gifts to staff
• don’t pay to much national insurance
• minimising the risk of employeer compliance visits
• benefits in kind and non taxable benefits
• dispense with dispensibles
• child tax credit and working tax credit
• how not to succeed in business
• is your business as health as it appears
• protect your goodwill
• can you cut your interest payments?
• improve your debt collections
• how to protect your business when your customers go under
• how would the euro effect your business
• alternative ways of extracing profit
• understanding what your customers really want
• tax treatment of mobile phones and computers
• insolvency reforms
• measuring employee effectiveness
• reducing the cost of stress
• dismissing your staff
• effective time management
• reducing a high turnover of staff
• exit interviews
• cut your utility bills
• dealing with employee absence
• don’t fall into the credit trap
• reduce the wage bill
• staying on your feet
• how to balance your bank account
• how to balance your sales control account
• how to balance your purchase ledger
• cash accounting scheme
• flat rate scheme
• recovering vat on staff expenses
• group VAT registration
• VAT fuel scale charges
• bad debt relief
• loan calculator