Category: Bookkeeping Advice
It’d be great if all of the money flowing around your business was only that coming in, but the reality is that if you want your business to thrive you need to spend money on it.
This sort of spending, or any payment which happens for the business, is a business expense. You need to know about these, and how to manage them, because they impact on your business health and of course, your tax return.
The team at Pandle, understandably, advocate cloud accounting for any small business and with good reason. Every business is doing itself a huge favour if they use cloud accounting tools. However, some businesses stand to benefit more than others depending on their nature. One area that this applies to is trades.
If you’re new to using the cloud as a business tool, and the apps which make it possible, then it can all seem a bit daunting. But cloud apps are incredibly useful and versatile for driving business and making short work of both complex and routine tasks. Let’s look at what cloud apps are and why your business needs them.
It might not be apparent at first glance, but different types of start-ups and SMEs have different intensities when it comes to keeping records. Everyone must keep records – indeed HMRC will fine you up to £3000 if you don’t, but for some businesses and types of work it’s easier than others.