How to be financially independent? To be financially independent, you must learn money management as a start-up habit. When they are young, some children get pocket money from their parents, and parents teach them how to save and spend it on what they like. The habit of saving starts from a […]
What is cost accounting used for? Cost accounting assists in calculating the manufacturing industry’s cost when producing goods for sale. Cost accounting is managerial accounting in the manufacturing industry, so the total prices include production, variable, and fixed costs. Cost accounting provides analysis & classification of expenditure. It helps to understand […]
What is the construction industry scheme? What is the construction industry scheme? A contractor will deduct money from a sub-contractor and pay that to HM Revenue and Customs. These deductions are the advance payment by the contractor towards the subcontractor’s tax and National insurance. Contractors have to register with the tax […]
What skills need to do accounting remotely? Currently, most companies allow workers to work from home; therefore, you must ensure you need the skills to perform the work from anywhere without making mistakes. Here are some tips for doing accounts remotely and successfully. Communication Any job, when done remotely, needs excellent […]
What is equity, and how it works in business? Equity is the book value of shareholder capital. The accounting equation tells you that assets equal liabilities plus equity. That also means that equity equals assets minus liabilities. The equity on a company’s balance sheet can go up or down. The equity […]
Business Consultancy Name: Vathani Ariyam My consultation work Mainly I deal with small business owners, giving business advice, growing the business, accounting work, and writing the business plan for them. When I write the business plan, I include explanations for a business plan, why you need it, and whom you will write […]
How do I build a winning business plan? How do I build a winning business plan? Researching the style and pattern of a business plan that belongs to other entrepreneurs will help you understand more about it. Do not ever think of starting a business without a business plan that will be […]
Difference between self-employment and sole trader Sole Trader Definition A self-employed person also exclusively owns a business with a definite structure. You are the owner of a business, a legal entity entitled to the profit after paying tax. You can have employees but remain as a sole trader; also, you need […]