Bookkeeping is critical in every business. Use our free online resources to find expert advice on keeping accurate and up-to-date financial records, so that you always have access to the information you need. With information and practical guides on speeding up everyday bookkeeping processes, minimising the risk of errors, and staying compliant – you’ll be whizzing along in no time.
Every time you purchase an asset, you’re investing in the future of your business, but the value of equipment and assets tends to reduce over time – a process known as depreciation. It’s important you calculate and track this depreciation accurately. There are many benefits to this, a major one being that it will help…
Running a charity is an exciting prospect, but charity accounting can be a little tricky to understand. They have different rules and regulations compared to ‘normal’ businesses – especially when it comes to managing things like restrictive funds. For context, if you run a charity with one or more restrictive funds, you need to show…
Double-entry bookkeeping can help cover all of your business’s tracks with accuracy. While it may sound complicated, it’s much easier than you think. We’ll take a look at what double-entry bookkeeping is, how to distinguish the difference between a debit and a credit, as well as the benefits of using this method. What is double-entry…
The simplicity of running a business this way means it’s no surprise that setting up as a sole trader is one of the most popular business structures in the UK. But where do sole traders stand when it comes to paying taxes? We’ll take a look at what you need to pay as a sole…
With the cost-of-living soaring, many of us are looking to make a bit of extra cash in our spare time. After all, there’s more opportunity to earn money online than ever. But before you jump in, it’s worth doing your homework, especially around bookkeeping and tax. We’ve put this article together to get you started…
