All businesses need to keep an annual record of their income and their business expenses in order to report them to HMRC through a tax return if they are a sole trader, through partnership accounts if their business is a partnership or through statutory accounts if they are a limited company. So it is important that businesses keep regular and accurate records …
On 4 October 2018 the government issued a press release which stated that new measures were in place to end the problem of late payments to small businesses. It stated that nearly a quarter of small businesses suffer from late payments which threaten their survival. …
The summer holidays are in full swing and you may be wondering whether you should pay your staff while they are on holiday. All employees and workers are entitled to paid holiday which begins to accrue …
In their simplest form management accounts inform the business owner and managers (where appropriate) of the key numbers for their business. Every business is different and whilst some key numbers are important in every business each business might like to keep track of a different aspect of their business. …
