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.
An unsolicited application has to be done well, because it doesn’t relate to a specific job opening. That’s why it’s important that your application is impeccable and tailored to the company you’re writing to. This will increase your chances of getting an interview, where you can convince your potential employer of your application and how well you’re suited to the company.
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.
Employees receive remuneration for their work, usually at the end of the month. It is up to the payroll accounting department to make sure that each employee gets their earned wages. However, calculating salaries is only one section in payroll accounting, which also covers other aspects like registering employees with the HMRC for income tax and National Insurance contributions.
The laws governing employee time tracking are set out under the UK Working Time Regulations. But things like overtime and meal breaks are managed differently from company to company. However, every employer in the UK is obliged to keep records for their employees, including the hours worked each day and the total hours worked per week. What kind of data must be collected and what role does data...
The work breakdown structure is one of project management’s most important planning tools. Beginners in the field shy away early from creating it – at the same time, with the right approach, it is easier than people think. We’ll introduce various methods for creating a work breakdown structure, and give tips on content structure along with an example that you can use as a template.
Do you want to put a business idea into practice and set up a limited company? You may already have basic knowledge of Ltds, but do you know the process of starting one, how much it costs, and how long it will take? We list the steps to take and provide a checklist so you can keep on track.
How frustrating! You’ve come across a promising contact, you write to them... and receive no feedback. But that’s not a reason to give up: Send regular sales follow-up e-mails to increase the likelihood of receiving a response. Writing messages such as these involves a lot of work. As a result, we’ve built various sales follow-up e-mail templates for you.
Hidden reserves can occur within a company through many ways: Some arise more or less of their own accord, others are created either intentionally or unintentionally. Usually these are completely legal or even required by law. On the other hand, however, these hidden assets can be used for activities of questionable legality. Here, we explain what hidden reserves are, how they are created and what...