Wondering can a sole trader have employees? The quick answer is yes. But it is not practised on common grounds. Being a sole trader, it is not necessary to work all alone. Of course, you can hire employees to expand your business. By employing people, you became an employer and there are legal obligations you […]
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If your business has a healthy cash flow, it has more chances to grow. On the flip side, if it is suffering from cash flow issues, it may struggle to stay afloat. No matter what your business size is, you need to do financial forecasting, as cash flow is the lifeblood of your business. So,
What is Cash Flow Forecast? A Guide for Small Business Read More »
If you need an expert advisor on financial and investment advice, estate planning matters or retirement planning, you need to get help from a financial advisor who has achieved the status of Chartered Financial Planner. There are only 700 chartered financial advisors or planners in the UK. In today’s post, we’ll have a look at
Why Choose a Chartered Financial Planner? Read More »
Wondering what is a creditor, and what is a debtor? You may have come across these terms a lot of times, but understanding them is not as simple as it seems. More importantly, the role of a debtor or a creditor in a business is of vital importance. If you operate a business (no matter
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Tracking the incomings and outgoings of a business can be trouble, but it is crucial to get a deep insight into a business cash flow and to ascertain the financial stability of a business. Chart of Accounts (COA) is the index of all financial accounts to help you perform these tasks effectively. Let’s see: what
What is Chart of Accounts (COA)? A Basic Guide Read More »
Before making an investment, you need to look at the returns you’re likely to make on it. Will you get a profitable sum against your investment? To find out, you need to know: what is the return on investment (ROI), how to calculate ROI, how it works and what is a good ROI? Read on
What Is Return on Investment or ROI? A Basic Guide Read More »
Whether you’re an accountant or not, you need to understand what is net profit and how to calculate net profit. Basic knowledge of these financial terms is necessary to manage your books and to use them in your everyday life. Calculating net profit is also imperative to determine the financial health of a business. As
What is Net-Profit and How to Calculate Net Profit? Read More »
In order to establish your own business without beginning from scratch, a franchise can be the easiest way. However, you must be aware that it is not suitable for all businesses. So, in this blog, we will let you know about the franchise’s advantages and disadvantages. As understanding them will help you to decide whether
Franchise Advantages and Disadvantages! Read More »
Financial control provides you with peace of mind and helps you plan for the future. So, to have it, you’ll need to engage in financial planning to keep track of your income, investments, and expenses. Here are four financial planning tips for maintaining a high net worth. While gaining more money and assets is desirable,
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If you are looking for a significant source to know what an overdraft is, how overdraft works, its types and costs. Then you just have found the right post. We will try to cover all the basic knowledge about an overdraft in an understandable and easy language. So, Let’s start! We provide cost-effective accounting, taxation,
How Overdraft Works? Types, Limit, Cost Read More »
Retained profit is a crucial part of any trade. If you’re thinking to set up a profitable business and looking for a significant source of finances, then you need retained profit. Without it, numerous companies might have to borrow a huge amount of cash from banks, or they need to struggle to get a loan in the
What is Retained Profit? Formula, Advantages and Disadvantages Read More »
The term ‘audit’ can make any business owner feel worried about their financial health since these are forms of examinations that determine whether the company is operationally sound or not. External and internal auditors function differently, but it’s better to focus on getting external audits for start-ups and small businesses since it offers a bias-free
Why Small Businesses Should Get External Audits Read More »
Want to know how much return you’re getting against your investment? To find out, you need to work out your profit margins. If you are a business owner, keeping track of your profit margins regularly will provide you with in-depth information about the most profitable areas of your business. With this information, you can focus
How to Calculate Gross Profit? Read More »
Calculating the worth of your business is crucial to determine its financial health and to make important decisions. Whether you’re buying, selling, expanding, or simply running a business, you need to know its value to make decisions accordingly. However, with the different methods of valuation, it becomes complex to choose the right one to know
How to Value your Business? Methods of Valuation Read More »
Budgeting is crucial for business management. Along with determining the operational profitability of a business by forecasting income and expenditures, it is critical for predicting the cash flow, which is of vital importance for achieving financial sustainability. Besides, budgeting helps to make the right business decision and monitors the performance of the business. Keeping the
Incremental Budgeting: Advantages & Disadvantages Read More »
Return on Assets is a metric to measure the business profit in relation to its total assets. It indicates how well a company uses its assets (capital) to generate profit (net income). If your returns are higher, it means your business is efficiently utilizing its assets. If not, it implies that your business is not
What is Return on Assets? How to Calculate and Use it? Read More »
Of all the indicators of the health of your business, cash flow is one of the most important. Good cash flow means that the business is doing well and that plenty of money is going in and out to facilitate business. The ability to manage your company’s cash flow is a skill you need to
4 Cash Flow Mistakes to Avoid so Your Business Stays Healthy Read More »
If you’re looking forward to finding out what marketing strategies will work for 2021, you might want to revisit 2020 to figure out what worked and what didn’t. Although 2020 may not be a sound financial year for many businesses, it taught us many lessons. Its time to take a look back at all some
Work Up Your Marketing Strategy by Knowing these Customer Truths Read More »
When you take a look at the current scenario, you clearly observe that the work home trend is here to stay for a while. So what are the best tips and tricks that help one get their Accountancy practice right in times like these. What are the list of things you must bear in your
Top Business Recovery and Resilience Skills that Help in the Pandemic Read More »
2020 proved out to be a roller coaster ride for all the business owners. The covid-19 whipsaw was like a great recession, and one could easily observe a great recession coming their way. The dot com bubble was compressed into 12 months. This had a great lesson in itself in 2021. Predicting the future may
Top Investment Trends of 2021 Read More »
Nowadays, salespeople are not the only ones responsible for closings. If you’ve observed, companies are onboarding Customer Success Managers (CSMs) that work on increasing the revenue of the customers. Sales can become one of their additional growth strategies. Cross-selling and upselling is one strategy every salesperson must include in their marketing plan. Cross-selling and upselling
Here’s your Detailed Guide to Cross-Selling and Up-selling Read More »
Accounting never really changes, whether it’s for a startup business or a large enterprise. It is all about keeping accurate records of ongoing financial transactions and looking for opportunities to make more profits and grow! That being said, accounting is much more essential for a startup business, as any mishaps here can lead to a
4 Reasons Your Start-Up Needs to Have Good Accounting Read More »
Businesses with disregarded financials have an extreme hindrance on the lookout, and regularly neglect to make maintainable progress. With that being the situation, we might want to cause the notice to three monetary components of your organization that can be effortlessly made with a touch of consideration, yet can imperil the endeavour if not oversaw
Three Financial Elements Your Business Needs To Get Right Read More »
Cash flow is an important part of your business’s strategy. Without cash flow management your business cannot survive for long. But let’s take it from the start here, what is cash flow management? It is the process of tracking how much money is coming in and going out of your business. You keep all the
What’s the Key to Sound Cash Flow Management? Read More »
In these COVID times, you’re left with no other option, except operating through a virtual office. While you’re looking forward to enabling this flexibility for yourself or your employees, you need to figure out whether you need Registered Office Address London or a business address. Even if you’re a freelancer or digital nomad, you as
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Getting your financial goals with a financial advisor may sound strange for some of you. You may consider them a luxury. But in simple terms, these individuals help you achieve your financial goals by telling you where and how to spend your money. Getting a professional hand involved in your financial affairs is not a
Plan Your Long-term Financial Security With Right Financial Advisor Read More »
Planning an event is a whole task and needs attention if you want it to be successful. There are a number of procedural and other norms that you need to go through before finalizing everything. This includes obtaining permissions and licenses for event-related specific things. It is normal to obtain more than one license for
How to Apply for a License for Events and Businesses Read More »
You need to know all the figures that’ll contribute to your business planning for next year. All that research is important to help you out with the latest trends that are some way or the other making you lag behind in the competition. According to research, 50% of business owners don’t have any plan when
Business Planning for 2021- Know What Works and What Doesn’t Read More »
Every business needs revenue for exponential growth. The right financing is really important. To look for new markets and the development of new products demand a lot of capital. All you’ve got to do is rely solely on banks and will burden you with unnecessary debts and interests. Here are the 6 amazing tips about
How to Grow a Business | 6 Amazing Tips to Help your Business Grow Read More »
When you think about a tax accountant, you automatically perceive things such as tax and compliance work and that is fine because these are the things that are associated with tax accountants and we all know that, but tax accountants do much more than that as they are great strategic advisors and excellent troubleshooters that
What can a Tax Accountant in London do for your business? Read More »
