Business Can Be stressful. The Good News Is, We Can Help.
The word bookkeeping is derived from traditional physical books used to record finances. This method is still used by some small businesses.
In the UK, tax is deducted from the employees through PAYE (pay as you earn) system. Employees in the UK do not have to file their tax.
Management accounts are financial reports of a business. These accounts are carried out monthly or quarterly.
When starting a new company, you have to register as a limited company through the company formation process.
A business plan is very important in determining the prospects of a business while giving a sense of direction to its stakeholders.
Statutory accounts are not just legal requirements but important in determining progress, failures and in predicting the future of a business.
Financial forecasting is the process of analyzing and estimating how a business will perform in the future.
You have established your business to get away from the rat race, regain the freedom of making your own decisions and build a legacy.