Wouldn’t it be nice if you could reconcile your bank accounts quickly and efficiently with the minimum of stress?
Bank Reconciliation Utopia with Online Accounting
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Please note: The information contained in this site is provided for information purposes only and is of a general nature. It is not a substitute for specific professional advice related to your own circumstances. You are recommended to obtain specific professional advice before you take any action. Thank you!
The Directors Loan Account
Generally, there are no tax implications when a sole trader or partnership puts cash in or takes cash out of a business. A company, on the other hand, is a separate legal entity and any cash assets held by the company belong to the company and not the director/s. Any...
Top Tips For A Website That Sells
If you run your own business, then you have probably invested time and money into creating your own website. Possibly, quite a lot of money but are you getting value from it?
Goal Setting
In order to know where you want to be, you must understand where you are now and what the gap is in between…. A goal is a dream with a deadline. Napoleon Hill What is your motivation? Why did you start your business? What drives you, what gets you to take...
Dealing with overwhelm
You are overwhelmed, you have so much to do that you are paralysed and don’t do anything - or it feels like you don't do anything. Having so much to do that you don't know where to start is a common challenge that many of us face in today's fast-paced and digital...
Can’t I just claim for the fuel receipt?
Claiming for fuel - how good record keeping can save you money. When and how can you claim for fuel costs in your business? If you are driving a company car, it's likely that the fuel costs are covered by your company and you are paying a taxable benefit in kind on...
Understanding Accruals
What are accruals? It has been a long-accepted accounting principle that revenue and costs should be recognised as they are earned or accrued, rather than when their cash value is received or paid. Income and expenditure should be matched with one another where...
Turn goals into objectives
The difference between Goals and Objectives A goal is a general statement, a broad outline, it’s open ended and helps set the scene. For example, ‘I want to earn more money this year’ Well, earning a £1 more than last year achieves that goal so it’s not going to...
Turning objectives into actions
Turning Objectives into Actions An ounce of action is worth a ton of theory. Ralph Waldo Emerson We have set our goals and turned them into objectives. Now we need to work out what actions we need to take, and who is going to take them in order to achieve our...
6 Ways of overcoming your businesses cashflow problems
A guide to overcoming your businesses cashflow problems and tackling late payment. More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should be tipped in...