Cash Management

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Cryptocurrency Tax – How does HMRC Works with it?

Ever since its successful launch back in 2009 by Nakamura Satoshi, cryptocurrency has been increasingly rising in popularity. That’s more than 10 years ago now, and this currency has seen many ups and downs in its journey. Ultimately, it has been found by HMRC as something more than just a currency used all around the …

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Accounting Quirk: Profits but No Cash

It starts with the accounting method Setting up a business can be tricky. Despite good intentions, it is easier to fail than it is to succeed. For those who manage to do well, a positive profit and loss statement is nothing less than victory. But there are times when this victory does not seem to …

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How Do I Pay Myself?

As a business owner, it is already a challenge to start and build a company. Even if it is just a little store in the middle of nowhere, you still want it to be as successful as possible. It is defined by the way you manage it though, and that process will continue even if …

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How to Double Net Profit Margin?

The net profit margin, also referred to as the Net Margin, is a profitability metric used in corporate finance that’s considered as the most comprehensive evaluative ratio. It reflects a business’s ability to turn its revenue into profit after accounting for all their day-to-day expenses, including taxes and debts. In order to compute a business’s …

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How to Avoid Fake Accountants!

Startup businesses tend to focus more on income generation and building revenue streams. Money matters never end during the early days of a venture. So, most entrepreneurs allocate their funds on production and operational costs, leaving the financial management on the owner’s shoulders. However, as the money starts to flow, essential details tend to get overlooked as finances become …

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6 Important Taxes Every Small Business Owner Should Understand

If you’re paying yourself through dividends out of your business, naturally, you are also going to incur dividend tax. Here’s a quick and handy guide for the rates of dividend tax: First £2,000 of dividends is free of tax 7.5% for dividends within the basic rate tax 32.5% for dividends within the higher rate tax …

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What Is A Realised Gain?

Investors and business persons are more than familiar with the concept of gains and losses. In the business and financial industry, these terms are not just empty words. They are associated with assets, stocks, and cash that are worth millions of pounds, some even billions. To start understanding them, let us first define what gains …

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5 Ways You Can Maximize Your Small Business Profits

During the early phases of a business, owners usually wonder whether they are making profit. And why shouldn’t they when every business’s goal is to be successful, become profitable, and for the business to achieve longevity.   But before we get on to discussing how small business owners can use their profit well, we have …

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Dividend Tax – Do You Have To Pay Tax On Dividends?

If you happen to come upon an Investing 101 book for shareholders, you will surely find “invest in dividends” as one of the top pieces of advice. There is a reason why long-term, income investors love to collect dividend stock in their portfolio so you have to pay dividend tax. It is more than just …

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