Cirrus

Factoring is now very expensive and should only be used if you have massive cash flow issues and in this business if you have huge cash flow issues then you are doing something wrong. The fact is the inland revenue are VERY strict about what you can / can't put through and professional help (at the very least just a bookkeeper) is eventually necessary to stop the tax man bending you over for something you should not have claimed for. The good old days are gone I'm afraid RR as the govt has closed the loopholes. I know as my previous business had a turnover of £1Mill and there were loads of loopholes that I did get away with bu simply do not exist now.