You need to have a business bank account if you are the owner of a limited company. The limited company is a separate legal person to you. It can agree contracts, buy and sell things. The company needs to have its own bank account.
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Buying equipment for your business normally involves a large investment. If you are buying a new computer or office equipment you have to plan and be sure that you can afford the investment that you are making.
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We get asked a lot by our clients can I buy a car through my limited company? This is normally a way to ask can I include my car expenses in my company accounts.
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As an employer there are a few benefits that you can give your employees that they will not be taxed on so long as you stick to the rules.
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So you’ve signed up as a new client with Pisces, what happens next? We have a very simple process that we follow when we take on a new customer.
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One of the most frequent questions we get asked by our clients how can I save taxes? Without being too technical there are quite a few simple things that you can do to help save taxes.
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Our businesses can get so busy so quickly. Nothing shows this as much as the increase in the amount of emails you will have to deal with each day.
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Taking on a new staff member is something to celebrate. It will help you slowly start to get more time to yourself, it will give you more time to work on your business and more time to enjoy your life outside of work.
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When we take a look at businesses we see that a lot of them have the same parts which make them successful: strong branding, the ability to scale up and grow and they fulfil a need that is going unsatisfied for the customer.
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When we talk about business advisory for your business we are talking about how we can make your business better.
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One of the most awkward questions to answer as an accountant is how much do you charge? This is awkward because until we start doing your work we don’t know how long it will take, how much work there is involved and how much time we will spend on it.
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KPI’s or Key Performance Indicators are important parts of your business which help make you successful. They are the parts that you need to focus on as you start the process of growing your business and turning it in to the lifestyle business that you want.
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Why do I need to understand my accounts, I’m a creative I’m not an accountant? You may well think that, but for certain if you run your own business regardless of what stage you are at – Freelancer, Solopreneur or Small Agency.
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When you look for an accountant for your business you need someone who’s values are matching your values. Someone who you can ‘get along with’ and who will help solve your problems.
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When we start to look at planning for your business we need to start to get to know you and your business. It is a long process to understand what you want for your business and what you want to have in your own personal life. Both are linked and one will almost certainly drive the other.
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Getting your accounts up to date and keeping them up to date is one of the best things you can do for your business. It lets you know where your business is at, what money you owe and money you are owed. It makes the collection of money that you are owed easier if you know exactly what you are owed and you can ask for payment.
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As you start to grow your business being able to manage your time is an important skill that you need to learn. You need to make sure that nothing gets left behind. Take your eye off one part of the business for a few days or weeks and something will go wrong. You need to find time to manage all the parts of your business.
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It is essential for your business is to keep debtors as low as possible. The money that you are owed can help your business. It can reduce the borrowings that you have and the interest that you are paying for finance. It can help you pay for new equipment. offices, marketing or staff that can help your business grow.
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The purpose of any business is to be able to give its owner the lifestyle that they want. If they want financial freedom, it should provide that. If they want personal and creative freedom it should give that as well. The business should not tie its owner to working 7 days a week, 24 hours a day. If should give freedom.
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You are a small design agency and employ between 5 and 10 staff. The work that you have put in to grow your business is starting to pay. You have staff that can help design and deliver the work for your customers, you are able to attract new customers to your business and you feel that you are getting financial control of your business.
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