Finance

Buying a car through limited company

Things to Consider when Buying a Car Through Limited Company

Considering buying a car through a limited company? At first, it may seem an appealing idea for saving a great amount of tax, however, there are many complications and business tax implications that you need to be aware of. Buying a car through a business would only be beneficial to you as per your circumstance. …

Things to Consider when Buying a Car Through Limited Company Read More »

What is Wealth Management

What is Wealth Management and How Does it Work?

Wondering what is wealth management? In simple words, it is a branch of financial services that deals with the financial needs of affluent investors and high net worth individuals. Wealth managers perform a number of tasks ranging from investment advice, taxes, estate planning to anything else that relates to increasing the wealth of high net …

What is Wealth Management and How Does it Work? Read More »

How to Calculate Net Profit

What is Net-Profit and How to Calculate Net Profit?

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 »

Micro-Entity Accounts

How to file Micro-Entity Accounts – A Small Guide!

If you are a small business, you can file micro-entity accounts to save your money and time. However, if you are looking for a significant source to know what is micro-entity accounts, your business qualifies as a micro-entity or not, and where to submit your prepared accounts, then you have just found the right source! …

How to file Micro-Entity Accounts – A Small Guide! Read More »

What Is Insolvency

What is Insolvency – A Basic Guide for Beginners!

Businesses face numerous financial challenges in today’s rapidly changing global economy, where nothing is predictable. The Covid-19 pandemic has caused the downfall of the world’s major economies. Due to which several companies have faced insolvency, and some are still fighting to prevent it. So, in this blog, we will see what is insolvency, how to …

What is Insolvency – A Basic Guide for Beginners! Read More »

general and administrative expenses

Selling, General and Administrative Expenses (SG&A) – A Basic Guide

In the United Kingdom, SMEs are essential to the economy. But, unfortunately, every year, many SMEs fail because of cash flow issues. Expenses are one of the most crucial parts of the cash flow equation. So, a business must learn how to manage expenses in order to pay the right amount of tax, save more …

Selling, General and Administrative Expenses (SG&A) – A Basic Guide Read More »

financial and managerial accounting

What is the Difference Between Financial Accounting and Managerial Accounting?

In financial accounting, accounting data is collected to generate financial statements. On the other hand, the internal accounting procedure that is used to account for the company transactions is managerial accounting. This is the main distinction between financial accounting and managerial accounting.  In this blog, we will have a brief overview of the differences between …

What is the Difference Between Financial Accounting and Managerial Accounting? Read More »

profit and loss statement

What is Profit and Loss Statement and Why is it Important?

There are three important statutory accounts that are needed to analyse the financial health of your business. The profit and loss statement is one of them that provides a clear view of your income and expenses over a certain period of time. This statement points out the areas where your business is excelling. Along with …

What is Profit and Loss Statement and Why is it Important? Read More »