How many times have you seen an article on a thriving young business or newly-successful entrepreneur, and discovered that their business “started out as a hobby and just grew and grew!”… or something similar.
If you’re a business owner you will presumably already know that you have to pay income tax (based on the drawings you’ve taken from the business) as well as tax on company profits (corporation tax)....
An Enterprise Resource Planning (ERP) system is a suite of business process management software that allows companies to automate many back office functions related to technology, services, HR, planning, development, manufacturing, sales and marketing.
National Payroll Week recognises the contribution that payroll makes to the UK economy, after all a massive £152bn is collected through income tax and £102bn through National Insurance via company payrolls every year.
The Financial Management Centre is a UK-wide network of accounting and bookkeeping professionals who you can call on to help you with your business’s books, either to simply help you fill in the right paperwork at the right time, or to handle all your accounting needs.