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...
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...
Looking for a new office solution? The OX App Suite offers many functions that are similar to those of Microsoft and Google, but also has data protection in mind. The app suite enables you to work together on documents, distribute files via cloud storage, organise emails, and...
Good communication is one of the main pillars of productive work environments and this can only be created when colleagues talk to each other in a friendly, constructive way. A company can quickly become more successful than its competitors if everyone, from managing directors to...
LinkedIn has become an indispensable part of the job search. HR staff search the network for potential candidates for open positions. A well-managed profile is essential to be successful on LinkedIn. After all, you want to show yourself at your best on LinkedIn. It is important...
Either October or January (depending on whether you submit on paper or online) are usually the deadlines for submitting tax returns on the previous financial year in the UK. This process often leads to questions: How do I determine my earnings? What can be deducted? Which forms need to be filled out? What are the deadlines and extensions? Something that often escapes many freelancers is that...
For publicly traded companies, annual accounts are due at the end of the year. This report allows you to present your company’s financial situation to the public, answering questions like: How much balance sheet profit did you make? What is the composition of income and expenses? What risks will investors be taking if they want to work with you? Drawing up an annual account will help you answer...
By depreciating your low-value assets, you can get a better idea of your financial status, enabling you to work out when assets need replacing and their cost. There are two different depreciation methods: straight line depreciation and reducing balance depreciation – but you need to work out which of them works best for you and your business. Software can also facilitate the task and work out the...
Anyone who is required to prepare accounts needs to pay attention to the guidelines and principles that come with them, especially when it comes to balance sheets. We expect the data to be reliable, verifiable, and objective, as well as consistent and compatible. Knowing these objectives helps you to prepare accurate annual financial statement for your company. We explain what is meant by the...
For many businesses, inventory management is their lifeblood; regular stocktaking is essential in order to ensure that you’re working with the correct figures for your accounts. We explain the subtleties of inventory counts, which inventory types and inventory procedures there are, and how to carry out the complex process as quickly as possible without encountering any problems.
The profitability of many companies and freelancers depends primarily on the order situation. If you attract a customer’s attention with your products or services, and they send you a request, you should try to create a quote as quickly as possible and send it back to them. We explain what you need to include when writing a quote and the correct way to structure it.
The decision has been made: you want to close your limited company. The reasons for dissolution can vary, but what happens now? Simply ceasing business operations is not enough. A limited company must be dissolved in accordance with statutory regulations and according to a fixed procedure.
Setting up a business involves a number of tasks and obligations. The development of a business plan, for example, is a must if you want to come across as professional to sponsors and other businesses. Business plan software, which is available both in free and paid versions, can help get you up and running.
Many entrepreneurs ask themselves what an accounting record of a cash discount looks like. The concept in question seems simple to those who know how to record cash discounts properly. However, it can also cause some confusion at the start. How does this fit in with VAT? Are cash discounts recorded as deductions? Is opting for the gross method better than opting for the net method? We get to the...
Just because your business has been running smoothly for years, it doesn’t mean that things will always be this way. There could be times where the expenditures of your business are greater than its revenues. It wouldn’t be fair to expect the company to pay tax when it isn’t as financially stable as in previous years. This is where the provisions, loss carryforward, and loss carryback come into...
Provide powerful and reliable service to your clients with a web hosting package from 1&1 IONOS
