For anyone thinking of going into business on their own comes the question, “Where do I start?” The key is to turn your Idea into Impact, from inception to fully fledged company. Here is what you need to do to turn your dream into a real life success. 1. Test the Market Insure there is…
Originally posted on billymurphyconfetti:
Solvency – A company’s ability to meet it’s long-term financial obligations. Indebtedness – An obligation to pay money to another party. Profit Margins – The ratio gross profits divided by net sales, usually displayed as a percentage. For example, if a company’s net sales equal £100,000 and their gross profits add up to…
What & Why? A profit & loss statement or P&L shows the financial health of your business. On one spreadsheet it summarises revenue, costs of sales & expenses (or overheads), allowing you to quickly see expected profit over a period of time. Usual this is annual, when a company calculates its profits for tax but…
Figures out last week show that SME’s account for £1,600 billion turnover, just under half of all UK business turnover £3,300. Those business with 50 people or less account for half of this turnover. With such large figures and some many small businesses Cashflow is critical for any company, not only meet its commitments but…
Christmas is the time to spread joy to one and all. Many businesses in the UK choose to celebrate by rewarding colleagues with an xmas party but often forget the tax allowances / expectations that are available. Moreover the tax allowances for gifts to clients. It’s not all candy canes & free wine, there are…
Small Business is key to any countries economy, but just how import this infographic shows. SAP’s article SME Opportunities in Emerging Markets highlights the key role SME’s play in the over global economy with two BRIC’s having 70% of there economy made up of SME’s. SME’s might be small but they are truly powerful. http://bit.ly/WxNZD9…
Originally posted on ABS & Co Accountants:
Key points Most workers will be entitled to the National Minimum Wage (NMW). Normally the NMW rate changes in Oct each year. There are no exemptions according to the size of business. HM Revenue & Customs can take employers to court for not paying the NMW. Most…
Originally posted on MGC Hayles TaxApp:
Leading local independent accountants, MGC Hayles hosted a breakfast seminar together with representatives of UK Trade and Investment and the Bank of England to present and discuss how the UK Government is supporting SME businesses in the Midlands region to grow their businesses on the international stage. The seminar…
UK SME’s employ 14.4m people and take £1,600 billion http://bit.ly/1aFAxOq
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