Articles in the finance Category
With so many different income streams, it can be very hard to know what is taxable, and therefore needs to be declared. Below is a list from accountant Kellie Knight
Income from employment
This Includes income from full, part-time and temporary employment, and if you get any benefits from your employer these may also be taxable.
Income from self employment/partnerships
Profits you make from working for yourself as a sole trader or partner. This income will generally need to be recorded with a set of financial statements.
This includes, State Pension, Personal or …
Crunch is a groundbreaking online accountancy firm for freelancers, contractors and small businesses. By combining accredited, award-winning in-house accountants with internally-developed cloud software, Crunch delivers a complete business accountancy service for a flat monthly fee. No costly extras, your own personal account manager, and maximum tax efficiency. Crunch’s monthly fee of £59.50+VAT includes:
Unlimited access to your own account manager and a team of accredited accountants
Access to our simple, real-time online accounting software to help you stay on top of your finances
Year end filings, Corporation Tax and VAT returns all included …
The Valuing Maternity Campaign Coalition is deeply concerned about the cuts to social security for pregnant women and new mothers. Having a baby is one of the most financially precarious times for families and we want to stop the roll-back of welfare. The group is asking people to help it gather evidence to campaign for change by taking a survey about how this has impacted your life.
If you’re pregnant or a new mum, share your views here at the Valuing Maternity Cutbacks Calculator.
Money money money
If you are selecting a franchise, find out how the price of the franchise has changed over time. If the franchisor has been able to raise their prices then the franchise is becoming more valuable: conversely, a drop in prices could indicate that the business is not taking off. It pays to go through the finances in detail. Look at how much it would cost you to set up a similar business without the support of the franchisor. Could you pay for other professional support with the money …
What you need to succeed
If you want to open a franchise you need the initial investment to pay for the franchise and get it ready for business. Think about costs over and above the franchise fee, such as rent and insurance. You also need to be committed to the franchise product or service. It will take many hours of hard work to get your business off the ground. You will almost certainly find you spend less time with the family than you would like at this stage.
Choosing a franchise
The British …
A new survey commissioned by the national charity Turn2us has found that, in the face of rising energy costs, a staggering 92% of parents* are worried about paying their energy bills this winter.
The impact this is having on family life is severe, with over two-thirds (69%) of those who struggled with their energy bills last winter experiencing stress as a result, and almost two-fifths (39%) forced to cut back on food or skip meals. Furthermore, if struggling with their energy costs this winter, nearly half (45%) would risk endangering their …
In the current economic climate, many businesses are struggling, and this can affect a your business too, as clients make cut backs. You can improve your business finances by learning some smart ways to manage your money. ‘Turnover is vanity, profit is sanity, cash is king’. Do you take this saying to heart in your business? Having enough cash in the business is critical for both your sanity and your success. Here are ten tips to help your business cash flow:
Stay on top of invoicing and send out bills as …
If you are taking your business seriously, think carefully about where you will locate it. Will you be able to run the business from home in the longer term? Do you have a garage that could be converted or is there space for a garden office? If you plan to work from home, review after a few years or months, and see how having a business in your house is affecting family life. It can make it hard to close the door on work at the end of the day, …