Are you thinking of accepting cash in hand work as a payment option? If yes, then you might be wondering about the tax implications. First, you need to know that the exact implications are based on your personal situation ( whether you are self-employed, a student, or have employment). In this blog, you will know what is cash […]
Cash In Hand Work – How Tax Works On It? Read More »
The classified balance sheet can be a regular part of your employment if you are working in accounting and are liable for the balance sheet of your company. It is the type of balance sheet (BS) that is usually simple to read and extract information from those that are not aggregated in this manner. Although
Classified Balance Sheet – A Basic Guide! Read More »
We have usually heard in the retail industry that a failing business has gone into administration. But when a company is going into administration, what does that mean and what does the process involve? To know the answers, read this blog till the end! So, let’s start! We are here to help you with any problem
What Does Going Into Administration Mean? Read More »
Being self-employed may seem an appealing option, but it requires a lot of hard work and devotion. There are a number of advantages of working for yourself, but it should not be used as an escaping route from a job you dislike. Only persons with a strong desire for success should choose it. Within the
Reasons Why Working For Yourself Is Better? Read More »
You are required to keep your business accounts or pay any professional to do this in order to run your business effectively. It is a legal requirement to keep your accounts. But, keeping them well is essential for the growth of your business. Therefore, this blog will let you know how to keep your accounts
Simplest Ways to Keep your Accounts Organised! Read More »
Entertaining clients or staff has been proved to bring a number of advantages. For example, giving rewards to employees for their hard work increases their morale and builds loyalty. On the other hand, spending time with clients helps to make better relationships with clients. Therefore, it is essential to know what expenses qualify as entertainment
Beginner’s Guide on Staff and Client Entertainment Expenses Read More »
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 »
In order to use the HMRC’s digital services, it is mandatory to prove your identity. HMRC will check whether you are an authentic person or not? So, to prove your identity, you are required to go through a “secure entry portal”. The government gateway will provide this portal. Continue reading this blog to know more
Government Gateway User ID – How to Find it? Read More »
The term “equity” appears on the balance sheet of a company. However, this term is also commonly used in personal finance, accounting, and investing. This blog will explain what is equity, how it is defined, and why it is important for businesses and shareholders. So, let’s start to explore more about equity. We are a
What is Equity? A Basic Guide! Read More »
In the United Kingdom, there are around 5.9 million small companies. One out of every three companies is experiencing cash flow issues. If you’re not used to it (new), managing your company’s cash flow might be a complicated process. Knowing your cost of sales is essential to track the movement of your cash flow in
What is Cost of Sales and How to Calculate it? Read More »
Self-employed expenses can be deducted from the business turnover to calculate the overall tax required to pay every year. However, all the business expenses are not allowable. Therefore, as a self-employed person, you must know the cost that can be reclaimed on your tax returns. In this blog, you will come to know about What
Tax Allowable Expenses – A Guide to Self-Employed Persons! Read More »
Raising capital for your business is a crucial step for the growth of your business. As, you have invested your expertise, savings, and time to establish your business. Now, it’s time to raise some capital for its expansion. To do it, you don’t need to ask any bank rather there are a lot of crowdfunding
Top Crowdfunding Platforms for Businesses Read More »
Setting up a business bank account is the basic necessity for your business, right from the start. Although it’ll be a bit difficult to manage it along with your personal account, however, it will keep your business legally safe and protected. Keeping a separate account for your business will not only help you to keep
How to Set Up a Business Bank Account Online? Read More »
After what can be described as a tough year, it’s clear that there’s no better time to revisit the fundamentals of running a business to guarantee your company’s recovery than today. With the British economy diving head-first into its recovery process and doing everything to support businesses looking to bounce back, it’s clear that the
Can You Change Your Accountant during a Financial Year Read More »
You need a physician to maintain your health. Likewise, you go to a mechanic for the proper functioning of your car. Similarly, if you are a business owner, you need an accountant to manage the financial affairs of your business. In this blog post, we’re going to explore why is accounting important for your business?
Why is accounting important? Read More »
At a time when the pandemic has an impact on the economy, social and technological shifts, its near impossible to make any predictions of the retail trends for the coming year. As someone popular said that the show must go on, so be it for different businesses. Some of the major retail trends that
5 Retail Trends Every Marketer Must Know About Read More »
A lot of business owners borrow loans to fund their businesses and startups. There is no surprise there. Small businesses try to keep the cash flow coming to run smoothly. So, obviously, there’s no shame in borrowing money for your business. Borrowing money is part of what you are doing. You have to run your
Financing Options for Small and Medium Businesses Read More »
Setting up a new business is never easy. You’re always looking for an affordable accountant. If you’re an entrepreneur, that’s hard luck because you’re literally dealing with everything on your own. Apart from other things, payroll management is one of the trickiest things for most people. In business operations, permits, legal requirements, inventory, and other
A Beginners’ Guide to the World of Business for Affordable Accounting Read More »
One of the most important things a company can do for itself is to routinely audit and examine its internal operations. Doing so is the only way to identify the strengths and weaknesses of the internal structure of your enterprise. From there, you can make a clear path to growth that is in-depth and measurable.
4 Smart Tips for Managing your Business Cash flow 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 »
Starting a new business is a thrilling endeavor, but it’s one that requires a lot of time and energy. On top of that, you have small business cash flow management to keep the venture running. You may initially have a large sum for your startup capital, but you will certainly churn through that funding as
3 Smart Tips for Small Business Cash Flow Management Read More »
Often seen as a pursuit and actualization of someone’s dream of making something bigger, small businesses bear a particular significance to them. In fact, they’re what’s helping the British economy stay afloat as they stand and work all over London, especially in these trying times. Here we have shared 3 Cost-Saving Tips for Any Start-up
3 Cost-Saving Tips for Any Start-up Business Read More »
When it comes to measuring any business venture’s success – be it for a start-up or fortune 200 corporations – it’s easy to refer to your profits as the key indicator of your position in the industry. While it’s a crucial financial metric, there is a particular component that can reveal more profound insights into
Ramp Up your Cash Flow – 3 Ways to How to Improve Cash Flow Read More »
The COVID-19 pandemic has brought about a recession all across the world, leading to a decline in the global economy and severely affecting trade and industrial activities. If you’re running a business and you’re worried about its future, it’s crucial to maintain well-balanced and practical methods so you can survive the recession and the pandemic
4 Ways an Accountant can Help you During Recession Read More »
Working as a self employed contractor entails catering to the needs of a contractor that hired you for a bigger project. With that in mind, expect that you need to register for the Construction Industry Scheme (CIS) if you want to receive government-related tax benefits. The CIS also requires you to send over your Self-Assessment
3 Steps for Self Employed Contractor to Make their Mark in the Market Read More »
One mistake in your business may throw you down the hill. We make sure you avoid all these mistakes. Let’s talk about affordable accounting solutions for your business. Here are some ideas you might get help from: Payroll: If there’s anything that British companies fear the most when handling their accounting and bookkeeping tasks, none
3 Accounting Mistakes that Non- Profits Make Read More »
Running a small business in the UK’s dense start-up industry is an endeavor that is indeed as challenging as it is fulfilling. You’ll always need the support of small business accountants. From trying to get things rolling with new marketing strategies to getting all the supplies in order, you can’t overlook any aspects. Other aspects
Why Small Businesses Need an Accountant & How to Find the Right One Read More »
Coronavirus puts a pause on various business operations. With a competent chartered accountant on board, you won’t have trouble finding the right business strategy. Various countries are going through a curb to stop the spread. It leaves the companies struggling to stay afloat during this economic downturn. How to Keep your Business Afloat During
How Chartered Accountants Keep your Business Afloat amid the Corona? Read More »
Let our London accountants manage your accounts efficiently. We make sure you implement decisions for useful solutions to keep make sure your business runs smoothly. When you’re just starting, dealing with a business on your own may be challenging and yet rewarding, once you learn to come out of the rubble and acquire the necessary
How to Handle Inflation of your Business Expenses Read More »
Bookkeeping is an integral part of any given business. It is the process of recording the financial transactions of the company. This process enables the company to monitor its financial health, as well as assists managers in coming up with sound business decisions. Bookkeeping requires careful attention to detail because any single mistake can be
4 Common Bookkeeping Mistakes That You Should Know Read More »
