Freelancers, sole traders and small business owners just starting out have enough on their plate to worry about without having to consider taxes on top. Yet taxes are an unavoidable fact of life (and business), and so must be carefully…
Corporation tax is an essential element of running a business in the UK, yet it can often seem complex and daunting. Whether you’re a new business owner or looking to simplify your current understanding, this guide will break down what…
VAT returns were always a little confusing for those new to the world of business. And the introduction of the new digitised system created even more uncertainty. But with this handy guide, you’ll know how to submit your VAT returns…
Managing your finances wisely includes knowing how much interest you can earn from your savings before you need to pay tax. In the UK, several tax allowances help individuals save without paying tax on the interest earned. These allowances include…
If you’re self-employed, in a business partnership, or earning income outside the PAYE system in the UK, you need to be registered for self-assessment with HMRC. One essential requirement for this is obtaining a UTR (Unique Taxpayer Reference) number. This…
Calculating staff turnover is a crucial step in understanding the stability and success of your business. Measuring and analyzing the rate at which employees leave your organization provides valuable insights into employee retention and helps identify areas for improvement. By…
Many businesses waste money on high energy consumption each year. By understanding and efficiently calculating your electricity costs, you can make simple changes to reduce energy usage and save on expenses. Use an electricity cost calculator to determine the impact…
Trade credit is a financial arrangement where one business provides a line of credit to another business for buying goods and services. It can be a lifeline for business cash flow, but there are also pitfalls to be aware of.…
In the world of finance and investing, understanding the leverage gearing ratio is crucial. It is a financial metric that helps evaluate a company’s financial leverage and capital structure. By examining the debt-to-equity ratio, investors and analysts can assess the…
Understanding attrition rate and its calculation is crucial for HR leaders and organizations. Attrition rate is the percentage of employees leaving a company over a specific period, which gives valuable insights into employee turnover and organizational health. By tracking and…