Businesses should have a separate bank account for their business transactions as it will make preparing their accounts so much easier. Trying to extract business income and costs from a personal account takes a lot more time and if you needed to pro…
Being a business owner comes with a variety of challenges. The list of jobs to do is never ending even if you do outsource some of them. There are still many things which you just know you have to do yourself. Sometimes being a business owner c…
Are you aware of the implications of providing a mobile phone to your employee or reimbursing them for their mobile phone costs? It could cost you, and them, more than you think. For instance:
Bookkeeping is defined as "the recording of all financial transactions". Sounds simple but if that was the case why is bookkeeping a career with qualifications ranging from Level 2 to Level 4? The financial…
As a sole trader or self-employed person you won't have to pay tax on your earnings until 31 January the year after your first accounting period ends. Finding out how much tax you will have to pay when you first tax return is submitted …
