Blog.
Accounts made easy.
If my business is in profit - where is my cash?
It's possible for your business to make a profit but have no cash.
How can that happen?
Profit is an accounting concept, while cash is the amount in the business account.
Profit doesn't pay the bills.
You can have assets, like accounts receivable (money owed to you by customers), but if you can't collect what's owed, you won't have cash.
If you need help understanding your business’ finances, just contact me today.
Things to consider for the self-employed...
Marriage Allowance
Nail Technicians - What can I claim expenses?
Preparing for your tax liabilities
Preparing for your tax bill
Do you struggle with your Income and Expenses?
Important Dates for your Diary - Self Employed/Sole Traders
Self Employed Start-up Checklist
Holiday entitlement
PAYE and Payroll for employers. Including New Starter Check List Download
