Embarking on a journey of entrepreneurship can be daunting; continue to read and you will find ‘7 tips for Start Ups’, advising you on what to focus on and mistakes to avoid. Read more to find out what steps you need to take to start-up your business
Understanding VAT can be complicated especially if you’re a business owner. This blog includes an explanation of what VAT is, the rate of VAT and points to ensure your VAT return suffices HMRC standards. If you’re a business owner, this guide is perfect for you.
Accounting can be a very difficult subject to understand completely; there are a variety of aspects that have to be covered for any business to succeed. all income has to be reported correctly meaning accountancy is even more crucial for a charity. Here’s why if you have a bad accountant, it could be terrible for your charity.
When it comes to small to medium enterprises, there can be a huge number of services required from accountants for success. From advisory services to auditing, it can be a chore to find out exactly what you need. In this blog, we’ll simplify these accounting practices and help you understand exactly how to get the best accounting and advisory services possible.
Bookkeeping uses many of the same financial recording methods. These include collecting, organizing, and tracking receipts, invoices, and other transaction details. If you’re a small business owner, you might be wondering if you need a bookkeeper. We have put together some basic guidelines to help you.
Having a business plan is important for start-up companies as it allows them to set long and short term objectives with a clear strategy of how to achieve them.
A business plan is the first vital step to the success of a company. It outlines the operational and financial details of a business. In addition to this, it details the budgets and how certain objectives will be achieved. Every aspect of the plan should address possible questions that people reading the plan may ask.
Accountants do tax and compliance work – we all know that. But the best ones do so much more. They’re excellent trouble-shooters and strategic advisors for small to medium businesses. Accountants do more than you think. They can give you strategic advice and come up with clever ways to save money or boost revenue.
Bookkeeping refers mainly to the record-keeping aspects of financial accounting and involves preparing source documents for all transactions, operations, and other events of a business or property owner.
Whether you have one property in your portfolio or hundreds, you must keep accurate records of all in-comings and outgoings relating to your portfolio. These records are used to calculate how much tax you owe.
Charities hold other people’s money and therefore must ensure that their financial records comply with specific charity legislation while satisfying the needs of all stakeholders. Charity companies raise a lot of money. However, when trying to keep financial records up to date, things can go wrong.
Accountancy companies can help you build your portfolio and keep you up to date on your records. When you start working for yourself, be it as a contractor, a limited company owner, a freelancer or consultant, your priority is to generate business and fulfil the work you have won.
Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it. The rate varies based on several factors, such as your income and size of gain. For residential property, it maybe 18% or 28% of the gain (not the total sale price).