As of today (5th of November 2020), the UK has entered a second national lockdown, meaning that all non-essential businesses will be shut for a month (until the 2nd of December). These restrictions include restaurants, pubs, gyms and any other non-essential shops....
Do you truly understand what your Balance Sheet tells about your business? Your Balance Sheet is one of the most important financial reports that measures the health of your company and helps you make some crucial business decisions. Knowing how to read it and what...
During such turbulent economic times, staying on top of your debt collection is more important than ever. To better understand their situation, most businesses use debtor days - a calculation that measures, on average, how long it takes them to get paid by...
For any business to be profitable, it has to generate revenue. Everyone understands that a business produces revenue through usual business activities, such as selling products or services, receiving payment from your customers and so on. The better you are at...
As a business owner, understanding some aspects of accountancy and finance can be very helpful, however, in this post-lockdown world it is absolutely vital. It has never been more important to have a good grasp on your company’s finances to survive these difficult...
If you’re one of the many UK taxpayers in regular employment you probably don’t need to worry about completing an annual Self-Assessment Tax Return. Your income tax will be automatically deducted each pay day, together with National Insurance and pension...
