Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business. Assuming you’ve weighed up the pros and cons involved and...
If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the positive and negative implications of employing your family. Employing your own family members can help to reduce the overall tax...
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the Statement of Financial Position. Together with the Profit and Loss Statement, and possibly other reports such as the...
With most of the Government’s Covid financial support schemes now closed, the Recovery Loan Scheme (RLS) has been a last route to funding for many Covid-impacted businesses. The RLS was scheduled to end on 31 December, putting a very final full stop on...
Are you struggling with late payments? All business owners know that cash is the lifeblood of any business. The key to improving your cash flow is to monitor your outgoings as well as your incomings – this means you need to manage your expenses as well as your sales....
Do you want to increase efficiency and grow your business? Xero is an especially effective tool for those businesses in the building and construction industry. The many features and functionality make it the perfect accounting solution for simplifying your finances,...
