Every sole trader needs a guide to managing their financials. Your financials could be anything from expenses to paying your employees. Regardless, knowing yourself, and what you spend daily will reduce your financial burden. This will guide will help get in check of your finances and provide you with useful steps. Don’t rely on yourself […]
When it comes to start-ups, there are many reasons why they aren’t successful. Start-ups are risky and need a lot of attention as there are lots to think about. If you are planning to start your own start-ups then, read on to find more about how start-ups fail. Reasons why start-ups fail Your product is […]
A break-even point is an important financial component to any business which deals with a product or service. Understanding what it means, and how to calculate it helps you evaluate your business’ revenue model and how profitable it is. This blog will provide you with all the necessary information you should know about break-even points.
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
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.
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.
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.
An accountant should be seen as more than someone who does your finances. While you focus on running your business, you need to trust they ‘have your back’ when it comes to your company.
HMRC have recently updated the list of trade and professional organisations for directors and employees who receive a tax reduction for annual subscriptions. NI can also be avoided if the bills are directly paid by the employer