Business impact analysis

The business impact analysis

 

A BIA or business impact analysis emphasizes the most important processes of your company that could threaten your normal business operations in case of a deficit or outage. These processes allow you to evaluate the consequences of a crisis more effectively and devise strategies...

 

Working from home tax deductions

How to tax-deduct working from home

 

Whether you’re self-employed or employed – a growing number of professionals are working from home and many even set-up a dedicated space to perform their job duties. To reduce the tax burden, the costs for working from home can be tax-deducted. However, certain conditions need...

 

Creating a web store: the cornerstone of seed money

Seed money for your online shop

 

When planning the finer details of your online shop, rushing through your financial plan can lead to chaos. It’s important to be aware of how much money you need to spend, and only an extensive finance plan can provide the necessary security for the development of your web store....

 

Agile Working

Agile working: mastering the challenges of the digital world

 

“Agile working” is currently one of the biggest trends in the corporate world. It’s seen as the best way to master the challenges of digitalisation. How does the agile approach work? What opportunities and risks does it involve? And what role will this hot topic play in the...

 

Register as a sole trader

How to register as a sole trader

 

It’s easy to become self-employed in the UK. All you need to get started is a business idea and a bit of courage. The one-person business does require registration with the HMRC and there are a few other requirements you will need to fulfil. It’s important to understand the risks...

 

Body language

Body language: The most important form of nonverbal communication

 

Even when we don’t say anything, we communicate: Our body language is more or less consciously sending out signals to those around us. Gestures, expressions, and posture often share more than we’d like, including how we feel in a given situation. If you’re able to understand body...

 

Supply and demand

Supply and demand – how they control the market

 

Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly...

 

Starting a side business

Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimise your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.

All you need to know about VAT numbers

There are many exceptions and special regulations in VAT law - especially for transactions between companies operating in different EU countries. To ensure that tax collection functions smoothly for sales within the EU, VAT numbers are given to businesses, but only to those that do business with other EU countries. This article will look at the most important questions regarding VAT registration...

Registering as self-employed

What constitutes as self-employed? Who needs to register themselves? And how does the process work? Registering as self-employed in the UK is quite straightforward, but to give you peace of mind, we take you step-by-step through the process as well as explain what the Self Assessment tax form is and when it needs to be filled out.

Price calculation: How should you calculate sales prices?

Do you want to bring a new product onto the market or offer a service that’s in demand? Then you first have to calculate the sales price. Doing this involves many factors. All conceivable costs as well as your profit margin must be incorporated into the price calculation. What are all the things that you should keep in mind?

Time recording in Excel: How to create a timesheet

The time stamp clock was used in the past, but nowadays we’ve switched to electronic time recording. While some large companies are equipped with special reporting systems, smaller companies mainly use digital software solutions. These are not absolutely necessary since time recording using Excel works just as well - and is completely free of charge.

Conducting an interview - the right way to do it

An interview is not an easy situation - neither for the applicants, nor for you as the employer, who ultimately decides who to accept and who to reject. If you have to conduct an interview, you should do it in such a way that you can get as detailed a picture of the candidate as possible. A structured process and open, credible communication will make this process a lot easier for you.

Mission statement vs. vision statement

Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place: we share the company’s values. These values are formed on the basis of the company vision and mission statement. But what...

Pomodoro technique: How to resist distractions and increase productivity

Distractions and multitasking are among the greatest productivity killers of our time. With the Pomodoro technique, you learn focused single-tasking that significantly increases your productivity and improves the quality of your work. Find out what other advantages this time management technique offers, how the method can be put to use and which apps can help you.

Insurance for the self-employed

Becoming self-employed also means taking out insurance. If you would forget to take out certain insurance policies, this can, in the worst case, lead to losses in millions. As a rule, entrepreneurs should take out both personal and company policies. We will tell you which insurance policies for freelancers and the self-employed these are and what you should pay attention to when taking out a...


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