If you would also like to go for it and launch a startup yourself, you’ll need good ideas and a ton of organisation. We’ve got some inspiration for both! How do you systematically approach the search for the next ‘big thing’? How have others written their success stories? And...
Does your to-do list keep getting longer? Do you feel like time is constantly slipping away from you? If you want to be more productive and efficient, time management techniques can help. You can employ proven strategies to prioritise, plan, and efficiently execute tasks and...
Have you heard of SMART goals, but you’ve never used an organised and effective method for setting objectives? We’ll explain the advantages of SMART goals, how to use the technique for your personal and business goals and what to watch out for with this method. Because, like all...
An ergonomic workspace is an important pillar of the healthy work life. But many people are missing the know-how to create a more ergonomic environment. Illness, discomfort, and a lack of motivation can be the consequence. And yet, an ergonomically-designed workstation is easy to...
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...
Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarises all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential...
How can I save on tax? This is an eternal question for the self-employed. In order to be well-versed in questions of tax, and improve your own financial situation, you need the necessary information: What taxes have you incurred? And what can be deducted from them?
When it comes to accounting, no two charities or non-profit organisations are the same. The amount of income made dictates which forms need to be filled out to complete the tax return. It can be confusing knowing which forms to fill out, but our article will explain how accounting for non-profit organisations works, with numerous non-profit accounting software available to facilitate the process.
Many US-based entrepreneurs are still puzzled by the reverse charge. The procedure is all about transferring tax liability from the service providers to respective beneficiaries. In other words, the latter must settle the payment of taxes with the tax office. This is said to have saved time and prevented frauds in the past. What must be considered, and who is directly involved? Read on for an...
Anyone who has sat through a few presentations in their life knows how the quality of a presentation can vary. This is due in part to the lecture’s topic, but also to the speaker, whose appearance and presentation skills have a considerable influence on the lecture’s success. Here, you can find out the details of what is important for presenting.
Keeping track of taxes in the UK isn’t exactly a piece of cake. There are so many types of taxes that it’s difficult to know which ones apply to you and/or your business. If you don’t file your taxes correctly with the HMRC, it could result in penalties, which could cost you dearly. This article gives you an introduction to the main types of taxes in England, Scotland, Wales, and Northern Ireland...
Company registration might not be required for every UK business, but the majority of companies need to register with Companies House. We introduce you to the registration body and explain the registration process for companies that need to be incorporated.
Commercial law provides for various regulations when it comes to liability issues in a general partnership. The company itself may enter into liabilities and have to assume responsibility for them independently. You can find out who is liable and how liability is regulated for the entry and withdrawal of partners or how to dissolve a general partnership in this article.
Accounts payable accounting is the part of financial accounting of a company that deals with vendors and is therefore the counterpart to accounts receivable accounting, which handles customers and money owed to the company. The invoices that vendors issue to a company go to the company’s accounts payable department. There the invoices are checked, prepared for payment at the right time and posted....
Coworking came about due to the ever-changing modern working world. In many professions, you don’t necessarily have to work at a specific location. Coworking spaces are an alternative to the classic office, but are also different to your own four walls or the café around the corner. What exactly is coworking?
There’s a sale in the shop. Large queues at the till. Hardly any staff to be found. Apparently, there was a misunderstanding about the work schedule: two employees didn’t show up because they had lost theirs. The solution? Go digital. With Excel, you can easily create a work schedule and send it as a PDF file to your employees’ smartphones. But how does this work?
In April 2019, the HMRC launched the Making Tax Digital (MTD) scheme. This digital way of completing tax returns aims to reduce tax mistakes whilst establishing an efficient real-time record keeping process. However, what exactly does this mean for your business and how will it affect your VAT returns? Find out the key facts in this handy guide on MTD for VAT.
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