Do I Need a Separate Phone for my Business?

Do I Need a Separate Phone for my Business?

Lots of people decide to use their personal mobile number when starting a business, as the most straightforward way to get going. If you are thinking of using your own phone as the business line though, just remember that this can affect how you claim expenses, the image it presents, and even what happens as…

Setting Up a Staff Expenses Policy (1)

Setting Up a Staff Expenses Policy

If you’ve seen The Wolf of Wall Street, you’ll have a good idea of where the inspiration for this advice article came from. The film revolves around a young stockbroker who enters the industry with absolutely nothing in his back pocket but the lining of his trousers. Fast forward half an hour, and he’s living…

Understanding Business Expenses

It’d be great if all of the money flowing around your business was only that coming in, but the reality is that if you want your business to thrive you need to spend money on it. This sort of spending, or any payment which happens for the business, is a business expense. You need to…

Is Your Profit Figure Telling the Truth?

How can you be sure that you allocate costs for your business accounts in such a way that your profit figure is accurate about the state of play? It’s not always clear cut which business costs you should include in your profit and loss account….