As a business owner, it can sometimes be hard to stay focused at work. Whether you’re trying to concentrate on a project or just get through the day without getting distracted, it is important to take care of yourself and your mental health so that you can do your work to the best of your …
Making Tax Digital (MTD) is an initiative to modernise the way businesses in the UK send their VAT return. It has been introduced by HMRC to help improve efficiency, reduce error and make it easier for businesses to comply with their VAT obligations. A business registered for MTD will need to submit its VAT returns …
Registering a limited company on companies house is not as difficult as it may seem. We have created this guide to help you navigate the process. The first step in the process is to decide what type of limited company you want to set up. You can either create a private limited company (Ltd.) or …
If you’re thinking about starting a business, it’s important to make sure you have the right tools for the job. While there are plenty of resources available to help you get started, we’ve put together a list of the most important things you’ll need to get on your feet: Cost: Starting a business can …
What you need to know before starting your own business Read More »
A p&l statement shows a company’s profits or losses for a specific period. It compares the company’s total income and expenses. This is important as it can indicate where a company can increase revenue either by cutting costs or increasing sales. An income statement can also be known as a p&l statement. There is no …
Lending your children money can be a nice gesture. Sometimes parents feel it is their duty to lend money to their children to make their lives easier or just to make them happy. However, lending money can be dangerous if done too often or a big sum is lent for something unimportant. If parents constantly …
The Bank of England increased interest rates to 1.25% in June in an attempt to ease inflation which has spiked due to large rises in energy prices. We have seen UK100 fall 2.5% as this is the BoE’s fifth consecutive rate hike. In general, this does not have a direct impact on food prices however, …
One money saving tip I give my clients is to record all your expenses. This should be done as soon as possible to avoid anything getting missed or the amount of expenses piling up and taking too long to record accurately. A great way to view your expenses in one place is by looking at your …
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