The Gig Economy is growing every year and currently self-employed people represent almost 15% of the UK’s overall workforce. This has been a rapidly growing trend not only in the UK but globally too. With freelancing becoming a fairly common occupation it comes as no...
Maximising profits is one of the main goals for every company and so it’s natural that business owners tend to be very strict with the money that is going out of the business. However, some expenses are unavoidable, so the key is to manage them wisely to maximise...
At first, it might seem like a simple question to answer. If you’ve decided how much to pay your new employee it should be pretty straightforward to work out the hourly rate or the annual salary… and bingo! Well almost – but not quite. Have you thought...
Once your business starts growing, you simply need a professional who can manage your accounting and bookkeeping. Every business owner has to decide whether they want to hire a bookkeeper or accountant to work in-house or engage an outsourced accounting service....
Running your business without an accountant is perfectly feasible and many startups or self-employed people choose to handle their accounts themselves. But, although it might seem like a smart choice for businesses that think they cannot afford or don’t need...
Do you know what the difference between bookkeeping and accounting is, or if there’s any difference at all? If you don’t, you’re not alone. Bookkeeping is not just another word for accounting – they are actually considered two separate activities. ...
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