You have received a tax amount and, you find it not justifiable and incorrect. You do have an option to check it with the HMRC on the tax decision for the amount you are held liable. How do I appeal against a tax decision? Along with the decision letter, the HMRC will inform you if …
What do I do if I disagree with the tax decision? Read More »
A credit score is a three-digit number that symbolizes the ability to repay the loans or borrowings. Therefore a good credit score is essential for the approval of any new credit cards and for loans. It is a looming question for many that arise at the time of need. How can I improve my credit …
Crowdfunding is the use of small investments from public investors to fund a new business. It makes use of social media and crowdfunding websites to bring investors and entrepreneurs together to help both the investors and the business. Crowdfunding is a popular idea that has given wings to a lot of entrepreneurs over the years. …
What are crowdfunding, procedures, and tax benefits? Read More »
The employees of a business have a crucial role in the success of the organization. However, it is not the individual talents that determine success. But instead, it is the workplace collaboration between the employees and the ability to work as a team to achieve a single goal. Adversities tend to happen in business. During …
I hope holidays are something which all of us are looking forward to. On 6th April 2020, the reference period for calculating the holiday pay for variable hour workers increased from 12 to 52 weeks. Let us look at the available number of paid leaves in a year for regular employees and part-time employees. Also, …
How do I calculate my holiday hours and leave entitlement? Read More »
A director is the spine of a company and makes all the daily decisions in managing the company operations. After all, the success of the company depends upon the actions and decisions taken by a director. Therefore it’s fair to say that a director is a responsible position. Let’s take a look at the eligibility …
The growth and success of a business do not entirely rely on revenue. Yes, revenue is an important component as it maintains the cash flow of the business and allows the business to meet its expenses. However, for any successful business to expand you need to operate the business efficiently and increase the net profit. …
Entrepreneurship is a dream for a lot of individuals across the globe. However, being an entrepreneur is not an easy task and there are various challenges that arise through the journey. Even though the startup environment has seen great progress over the years, there are still some failures. Therefore it is important that the essential …
Have you heard of the term balance sheet? What does the word bring to our mind suddenly? Something that balances, as it is related to accounting it would be related to business. In accounting balance sheet is one of the most important financial statements. Accountants and businesses across the world use it to view their …
What is a balance sheet and what are the components? Read More »
The identity of all businesses is the name of the organization. Your business must have an appealing name that people must not just feel attracted to but also must remember. If your customers can remember your name then that is a massive success for your organization. The importance of a good name is not a …
A sole trader is the simplest type of business structure defined in UK law. It refers to an individual who owns their own business and retains all the profits from it. There is no legal distinction between the owner and the entity. Therefore, you are personally responsible for the business bills, keeping accurate records of …
Who is a sole trader? How to pay sole trader tax? Read More »
There is a perception that profit is the key to success. Profit is an essential stat for the success of the organization and there is no arguing that fact. But for a business to run effortlessly cash flow is a must. Imagine you have orders to fulfill and you need to purchase raw materials for …
