Managing Cashflow & the Debt Warehousing Scheme

Professional Accounting Solutions are offering a 3-hour workshop focusing on the critical aspect of managing cash flow in a business. In this intensive program, the trainer will guide participants through the process of tracking the inflow and outflow of money, equipping them with the skills to effectively handle any challenges related to cash flow in their business.

Part of this workshop will also cover the Debt Warehousing scheme introduced by Revenue at start of the pandemic which allowed for the deferral of the payment of VAT, PAYE (Employer) and certain self-assessed income tax labilities, including TWSS and EWSS overpayments. The aim of this scheme was to help people manage their cashflow and trading difficulties whilst their business recovered. Businesses availing of the scheme must either pay their warehoused liabilities in full by 1 May 2024 or agree a Phased Payment Arrangements (PPA) by that date.

Understanding and managing cash flow is vital for the financial health of a business. Throughout the workshop, participants learn strategies to maintain a positive cash flow position. This includes ensuring they have the necessary funds to cover monthly overheads pay staff promptly and meet all financial obligations in a timely manner going forward.