by admin | Feb 19, 2021 | General News
This blog piece is an introduction to Rachael (me), the person behind the name of Independent Bookkeeping, how Independent Bookkeeping came about and why I became a bookkeeper. History I left school with no grades or qualifications and bounced around the hotel...
by admin | Jan 18, 2021 | General News
Over the last few weeks we have been looking at dividends and how they work! Here is a brief explanation of what they are, how they are processed and how your taxed on them. What are dividends in relation to my company? Dividends are payments to directors and/or...
by admin | Jul 23, 2020 | General News
Did you know that the most popular way of running a business in the UK is to be Self Employed? However, here are some of the advantages of running your business as a Limited Company rather than as a Sole Trader. TAX • One of the biggest advantages for many is...
by admin | Jul 23, 2020 | General News
The Profit and Loss report for your business simply calculates the difference between your businesses Income and Outgoing transactions and shows whether it is running at a profit or loss for a specified time frame. Unlike the Balance Sheet which provides you with a...
by admin | Jul 21, 2020 | General News
A Cash Flow Statement/Report shows you how much cash is generated and used during a specific time frame within your business. It shows how cash is used in three main areas, Operating Activities, Investing Activities and Financing Activities, showing the total cash...
