Not just for large businesses, it’s also important for small businesses to get their invoices just right. How to determine whether your business qualifies as small, what needs to be included in the invoice, and the best way to send them can be found in this article. A small business invoice template is also included to make the whole process even easier.
Employers are required to provide a safe and healthy workplace for their employees. Nevertheless, millions of UK workers fall ill each year due to their jobs. But what exactly is the UK’s health and safety policy? How are workplace safety standards enforced? And what legal obligations do employers have in the UK?
Generally speaking, the only travel periods during a business trip that count as working time and require remuneration are the hours spent traveling that take place during the normal workday hours. Whether or not an employee is paid for any additional travel periods is stipulated in their employment contract or in a labour agreement. How can you find out exactly what the rules and regulations for...
Invoices are usually associated with trading. However, private individuals are also permitted to create invoices if they sell a personal belonging, for example. What do you need to keep in mind when creating an invoice as an individual? Are there any specific guidelines to follow? What belongs on a private invoice?
At the break-even point (BeP), a company makes enough revenue to switch from the loss zone to the profit zone. If the BeP is exceeded, a company yields a profit. But what data do you need in order to calculate the break-even point? What formula is used to calculate it? We’ll answer these questions and provide you with further info about the BeP.
Whether you’re in the supermarket, at the restaurant, or in the garage – invoices are issued everywhere. However, young entrepreneurs – either freelance or self-employed – who want to claim money from their customers for the first time and write outgoing invoices are often unsure. What is the difference between an incoming and an outgoing invoice? What information should be included in the...
Getting to grips with the challenges of accounting is now much easier than it was a few years ago thanks to new programs. Many developers offer tailor-made software that automate invoice management. There are many good Mac invoicing software for iOS, and there are several options to suit different needs.
If you run a business, you need to keep books well – this is tedious, time-consuming and requires a great deal of know-how. For these reasons, many businesses, both big and small, choose to get help from an accountant or tax advisor. Before you take this step, however, you should consider how much an accountant costs, as well as which aspects you might want help with to better predict how much an...
Whether you’re employed or self-employed, UK law requires most citizens to pay National Insurance (NI). But how much you pay depends on your income. There are four different classes of NI. Find out which one you’ll need to pay depending on your circumstances.
Your income has increased and yet you still have less income after taxes? What happens to your income? This is due to so-called “cold progression.” Every year, the state earns several billion dollars this way. How can this happen? We explain cold progression using an example and go through the calculation step by step.
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.