Category Archives: Money

Bookkeeping

Bookkeeping

The importance of Book Keeping  Bookkeeping, or keeping financial records is vital.  More importantly we need to know what we are spending, and where the money’s coming from. Making good judgements when one has complete data, facts and knowledge is not leadership – it’s bookkeeping, Dee Hock Business also needs to know other things, such as The profit being made

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Making Money

Making Money

Business must make money! First of all where we say business, we mean private or not for profit. Likewise when we say money, we mean profit. Furthermore, don’t dismiss: • How you make that money • What your business values are • The amount of money you want to make; and • What you do with that money Above all,

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Business & Trust: It’s like Credit Control

Business & Trust: It’s like Credit Control

Have you ever wondered what TRUST has got in common with Credit Control? Furthermore, why is TRUST in Business so important? “If people like you they’ll listen to you, but if they trust you, they’ll do business with you.” Zig Ziglar. As a matter of fact, the concept, idea and practice of TRUST is a broad one. TRUST plays a

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Business Success

Business Success

Business Success Business success, and how we achieve is often talked about.  This blog will look at talk about what helps us get business success. What is business success to you? In the beginning we need to think about we think success looks like to us.  Furthermore, we need ask this question in advance of doing what we do. Objectives

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Tax-free benefits for You and Your Employees

Tax-free benefits for You and Your Employees

Tax-free benefits for you and your employees Certainly paying tax-free benefits to yourself and/or your employees is a marvellous situation. Most importantly there is no tax or NIC to pay.  In addition, your company can deduct the costs from business profits. Above all the benefit must be paid for.  In other words, don’t provide the funds with which to buy

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Company Car’s & Tax

Company Car’s & Tax

Company car’s: Are low emissions cars tax efficient? First of all significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs). The taxable benefit arising on a car is calculated using the car’s full manufacturer’s published UK list price. It includes the full value of any accessories. This figure is then

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Management Reports

Management Reports

Management Reports: What’s Best Practice First of all Management Accounting requires Management Reports. Management Accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the layout and content of your management accounts to provide the most useful data to enable good business decisions. So when designing a good performance report there

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Business Growth

Business Growth

Your Business Growth Story Business growth stories tell you Your profitability What things cost Information on Controlling & managing cash Planning Returns and Information for the Tax authorities, sending in VAT and Tax returns Telling your business story mainly comes from your financial and business transactions.  This includes what you’re spending, where money’s coming from, money coming in and out

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Management Accounting

Management Accounting

What is Management Accounting? First of all it is using accounting and business information to make informed business decisions more efficiently, and more immediately. Financial accounting This tells your business story through your financial statements to those outside of your business. These statements are typically your profit and loss, balance sheet and cash flow statement. They are  produced once a

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How to Pay Yourself: Salary, Dividends & Benefits

How to Pay Yourself: Salary, Dividends & Benefits

How to pay yourself: Company owners and directors often ask us “do I pay myself salary or dividends, and how much should that be?”. Every situation is different, therefore the answer to the question depends. This article will look at the salary versus dividends decision. We will throw some numbers in to show the financial difference. Furthermore we will be

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