You wouldn’t believe the number of business owners we meet who misunderstand the concept of cashflow. They often confuse it with turnover. Surely, if your business is busy and you’re sending out loads of invoices, then your cashflow will be great. That money will just flow in. Hmmm … are you sure?
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The January self-assessment payment deadline is not well timed… when people may be already struggling to pay their Christmas bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored.
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The pace of change in the accountancy software landscape is rapid. A high level look at the Xero App Marketplace shows over 700 apps that you can plug into Xero to help manage the finances of your business.
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This article will explain the optimal salary for a personal and family company and how to use dividends to ensure tax efficiency.
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