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...
by admin | Jul 16, 2020 | General News
At Independent Bookkeeping (like all bookkeepers and accountants), we often provide our clients with multiple reports on a monthly/Quarterly or Annual basis, depending on the requirement. These reports are normally the Balance Sheet, Cash Flow Statement and the Profit...
by admin | Jun 23, 2020 | General News
Employees can start returning to work on a part time basis. HMRC will pay Employers 80% of the wage to allow Employees still to make up the full-time wage. This is only an option and full-time furlough is still an option for those that have been furloughed on or...
