Category Archives: Business Support

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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VAT And Pricing

VAT And Pricing

VAT- What is it? VAT  is a tax on sales, not profit. It is a multi-stage tax, charged at each stage of the business cycle on the “value added” at that stage. Most importantly the basic principle is that the VAT is actually paid by the non-VAT registered customer. VAT is charged on the taxable supply of goods and services

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Filing Your Tax Return- A Guide

Filing Your Tax Return- A Guide

Filing your tax return: Being an early bird can really help reduce your stress levels, giving you more time to just get on with your business and your life. Here at Pro Active we have put together a short guide on tax returns if you want to complete your own. If after watching our video you feel more comfortable with

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Profit & Your Break-Even Point

Profit & Your Break-Even Point

Profits & your break-even point are so important to businesses that we’ve dedicated this blog and clip to this subject.   You might be wondering why knowing about this is important. Stay with me as we look at break-even. The bottom line is knowing your gives you better business insights and helps you make more profit in your business. Let’s

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Property Is A Business

Property Is A Business

The Business Of Property Property is a business.  Therefore run it as one, because it is not just an investment.   There is money to be made in property.  Therefore before money starts rolling in there’s lots to think about, including: Returns Decide whether you’re going for capital growth, income or a mix Ownership of properties Individual, partnership, LLP, single company

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Business Budgeting For Success

Business Budgeting For Success

Understanding Business Budgeting Does your business budget for success? A successful business needs the solid foundations of sound financial management built into its overall strategy.  Finances should underpin every aspect of its work.  Activities need to be planned and costed, so resources are properly considered. “Failing to plan is planning to fail,” Benjamin Franklin; “Those who fail to learn from the past

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Budget In Business

Budget In Business

To help you budget within your business, you need to have a “Personal Survival Budget” in place. What’s you minimum survival budget? Few businesses make enough money in the formative years. In order to find out how long you can continue trading, establish what your minimum survival budget is and how much money comes into the household excluding what you

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Recipe For A Happy Work Life

Recipe For A Happy Work Life

Hi everyone, we hope you have had a great Easter break & are refreshed and ready for the short business week. In today’s blog we’re adding a personal touch again and are sharing how we “rested and played” ( and Mahmood even managed to get a bit of work in too!). So taking our own advise me and Mahmood took

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Cost Type: Direct & Indirect

Cost Type: Direct & Indirect

Accountants classify cost as either direct or indirect. Differences between direct and indirect costs It is important to know the difference as this helps when it comes to: Pricing of goods and services Business Planning Controlling costs Understanding profitability of customers, products and services Improving efficiency Direct cost This refers to cost related to the production of products.  Below are

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NFP And Private Businesses

NFP And Private Businesses

NFP does not = Not for Business. All Businesses Count We are fortunate to work across business sectors, and consequently have a wealth of knowledge and experience of the private and not for profit. Businesses are typically classified as private or not for profit (NFP), not for profits typically include many art organisations, charities, Community Interest Companies (CICs) and social

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