#AskAnnette

Annette hosts the weekly #AskAnnette Show, a business growth and finance focused Q&A video show.

Which Shopping Carts Can I Integrate with Stripe?

During this time, more and more people settle for the convenience of shopping from the comforts and safety of their home. This is why it is important for each one of us, whether you’re the seller or the buyer, to know which e-commerce shopping carts we can use to purchase goods and services without hassle. …

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Should I Lease A Car Through My Business?

Billion-dollar companies have the purchasing power to buy whatever is needed to make business efficient, including a fleet of cars. However, small to medium-sized enterprises need to focus and consider their cash flow before committing to something as expensive as an automobile. Since cash flow is necessary for survival, discretionary expenses should be kept at …

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Why Most Accountants Are Not Equipped To Give Profit Or Business Growth Advice

There are book accountants and there are Chartered Accountants who are Profit First Certified. The latter is me, Annette Ferguson – Chartered Accountant and Profit First Certified Professional.   There is a big misconception surrounding an accountant’s work. Yes, traditional accountants are meant to help you stay on top of your balances. They help you …

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Should I Run Payroll In My Business?

During the early days of a business, owners concern themselves in finding ways to generate more revenue. Investing in services and systems for employee salary is the very last thing that occupies their minds. But paying your employees the right way is a critical responsibility that can affect your business in the long run.   …

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Why It’s A Good Time To Go All In On Your Side Hustle?

“It’s always better to have a second source of income.” I’m sure you think that, too. If you’re a paid worker or “salaryman” as what most people would call it, one of your greatest fears probably has something to do with making ends meet. Most months, strictly budgeting your income is enough to suffice your …

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What Is The Difference Between Gain and Profit?

It is vital to get a firm understanding of all substantial terms in business, especially ones that involve your finances. One great example is the inaccurate interchangeable use of profit and gain in the industry. These two accounting terms both pertain to business earnings, but their similarities end there. It is time to create a …

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Should I Take On A Person As Self Employed Or As An Employee?

With the recent world events, going back to the “normal” living situation seems like a far-fetched idea. Thus, people are bracing for the “new normal” where traditional ways are replaced by adaptive modern methods like online classes and work from home. Almost half of the population is now working from home, even with the gradual …

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What Is Debt Snowball?

Lately, it seems that the majority of people and businesses have accumulated a certain level of debt. This experience is rather usual, especially for those in the middle class. You have all of these needs that you want to achieve, and yet you do not have the money for it. This is why we settle …

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What is IR35?

In order to address “disguised employment”, the HM Revenue & Customs introduced the IR35 or the “off-payroll working rules”. IR35 evaluates whether a business’s contractors are employees or self-employed whenever they take on work for clients.    If the contractor is “inside IR35”, the government sees the person as an employee. Therefore, they face an …

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What Is a Liability?

When doing any kind of business, you need to understand that all of your moves will involve some sort of risk. The world is already a vicious place, but adding money into the mix makes it even more dangerous. Whether you are a start-up or an established mega-corporation, there is still a chance that everything …

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