Today is a Good Friday for me as I am taking the day off! Normally, as a business owner, I wouldn't take bank holidays off but we all need to wind down sometimes. How many of you are business owners working today when the rest of your team are enjoying a nice long weekend?
Make sure you are putting money aside for your tax bill and for any unexpected bills which may crop up. Having a contingency can mean that you don't dip into funds which are vital for the smooth running of your business.
#moneymindset#rainyday#savings#bookkeeper#bookkeeping
It's not about how much cash you are generating each month, it's about spending it wisely to ensure that your business is making a profit.
If you need help cutting back on expenses please give us a call.
#bookkeeping#audit#bookkeeper#expenses#profit#revenue#bookkeeperlife
For limited companies, a business bank account is a legal requirement as you are classed as a separate entity from your business.
Sole Traders don't have to have a separate bank account by law, but we recommend it as it gives you greater visibility on your business finances.
Today is World Wildlife Day!
I met Wulan when I volunteered at the Sepilok Orangutan Rehabilitation Centre in Borneo where I saw first hand what these centres do to help these critically endangered animals and that is why we adopt an orangutan for every new client that signs up.
Are you wondering which path to choose when starting your business? Here's a few things that distinguish the difference between a Sole Trader and a Limited Company. If you're not sure what structure would best suit your business, why not get in touch.
#soletrader#limitedcompany