Payroll / PAYE for start-ups is an essential function within every business. Payroll is the process that matches workers with their wages. If payroll gets off track, things can go very wrong very quickly. So you definitely want to avoid errors within payroll / PAYE for start-ups whenever possible. Payroll / PAYE for Start-Ups Avoiding errors within your business payroll helps you to retain trust...
QuickBooks is the world’s number one online accounting software. If you find accounting difficult to understand, the QuickBooks platform can help you better manage your businesses finances. Here we cover the key features and why we love QuickBooks. How QuickBooks Can help You Run Your Own Business Our top five reasons for choosing QuickBooks: Invoicing clients Online banking & payments Compliance made easy Cash flow...
QuickBooks Online Accountant software can help small businesses succeed. The platform was specifically designed to help increase the efficiency of business leaders by empowering them to deliver greater value, and therein benefits, to their clients. QuickBooks has a range of features and benefits: QuickBooks matches transactions to your sales and expenses QuickBooks can accept Direct Debit payments via GoCardless QuickBooks can accept card payments through...
A contractor is a person or firm that undertakes a contract to perform a service or do a job. Every contractor needs to have faith in their skills and abilities. This is true for contractors across every industry. However even for the most experienced contractor, accidents can and will happen. You need to have the right contractor insurance in place for when this happens. This...
Bookkeeping is the most basic foundation of accounting. This is a record of every business transaction. Embedding good record keeping into your daily running processes will help you maintain good records and efficiency and will help keep you compliant. You should be keeping a record of all documents that you have received, or copies of those which you have prepared. These records will be from...
Business leaders are well aware of the value of a highly skilled workforce. We are seeing a shift in some industries to ‘remote hiring’ to hunt out top-their talent and shifting to remote work and accelerating digital transformation efforts. However these agile processes can only take the business so far. Here we look at the value of existing staff members and how to grow your...
Staff costs are very often one of the largest costs for many businesses. Generally the costs associated with employing staff are deductible from the profits of the business. However there are some costs to bear in mind when you process payroll. How to Process Payroll Firstly business expenses must be incurred wholly and exclusively for the purposes of the business to be deductible. The cost...
Allowable expenses are the essential costs of running your business that are tax deductible. Any outgoings that are allowable expenses can be deducted from your taxable income, allowing you to save money and reduce your tax bill. What Are Allowable Expenses? Keeping a good tax record will help you be tax efficient by deducting all of your allowable expenses before you submit your profits to...
Here we explore how and why to write a business plan, whether this is to attract investment, or for your own strategic development. Even if you are not planning to approach investors for funding, you can write a business plan that will effectively keep you on course and achieving high targets. Whether you are starting out, or even if you have begun trading, these tips...
The Prestige Business Management Guide to Self-Employment versus Limited Company In this guide to self-employment versus limited company we explain the differences between registering for self-employment, or a limited company, so you can select which is the right business model for your long term profitability. You have two options for how to run a business in the UK, either self-employment or register a limited company...
© 2024 — Prestige Business Management Ltd / Prestige Business Management and MLM Accountant are registered trademarks of Prestige Business Management Ltd