Online Time Tracker

Online time trackers: Functions and uses

 

Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large...

 

What is call for tenders

Call for tenders – How to search for procurement bids

When a UK government authority or department procures services or goods, it is required to allow private contractors to bid on projects. This allows any interested company to submit an application to secure a project contract. The legislation ensures that there are no unfair competitive advantages and that state taxes for government projects are used economically. But what types of tenders exist...

Statement of work

Statement of work – the basis for an offer

When a company is interested in bidding for a public contract, it creates an invitation to tender based on a statement of work. This includes detailed information on the project’s goal and expected services. To make sure that the awarding entity receives suitable offers, a few points should be taken into account when creating a statement of work.

Just in time production

When is just-in-time production suitable?

Is it possible to improve economic success without raising product prices or lowering quality? Companies that optimise their value chain can do just that. Just-in-time production streamlines procurement and production, enabling significant savings. But careful: the strategy is not suitable for every company and every industry.

Recording contributions and withdrawals

How to record capital contributions and withdrawals correctly

Many business owners will withdraw cash from their business and invest money from their personal accounts back into their companies. This is generally not a problem, but these contributions and withdrawals need to be recorded correctly. Here’s what you need to know to ensure your contributions and withdrawals are recorded properly.

Withdrawals

Withdrawals – made easy!

Withdrawing from company assets for personal use is a matter of course for many business owners. After all, they have to live off something. This process is known as a withdrawal and is not always straightforward when it comes to accounting and tax law. What do you need to consider, what kind of withdrawals are there and is it possible to do this in a limited company? We provide the answers.

Payment holiday

All about Payment Holidays: Definition and Application

Payment holidays are can be a good option in times of financial hardship. What is a payment holiday, and which payments does it apply to? Who can get a payment holiday? Has the Coronavirus pandemic changed eligibility? There is a lot of confusion around payment holidays, but this article will help clarify some of your questions.

Deferral

Deferral of payment: When can you ask for VAT deferrals?

Is your company currently unable to meet its payment obligations? Are you unable to make your second payment on account? In that case, opting for a deferral of payment, in the forms of a VAT deferral or a self assessment payment deferral is an option to delay payments. We’ll show you what conditions must be met, and what you need to look out for.

Capital contributions

Capital contributions – explained simply

As a business owner, it’s sometimes necessary to invest personal assets into your company. Whether it’s smaller purchases in everyday life – paying for petrol at the petrol station, for example – or larger sums if you’re trying to keep your company liquid. These are all known as capital contributions. We will provide a definition and explain what you need to keep in mind.

Liquidation

Liquidation of a company: Definition

In business, things don’t always go as planned. Whether it’s a mishap with an order situation, or too much debt, a company can quickly find itself staring in the face of financial ruin. No matter the situation, creditors will still be demanding their legitimate monetary claims, regardless of whether your company is facing insolvency or not. The final option is liquidating the company. The goal is...

What is insolvency?

Insolvency – a pathway out of debt

Insolvency has a bad reputation. It stands for a lack of funds and high debts. However, people often forget that insolvency proceedings don’t necessarily spell the end of a company. Insolvency administrators can help settle outstanding liabilities and help people keep their jobs.

Grow Your Business

A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.


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