E is for Entertaining – A to Z Accountancy Top Tips An accountant walks into a bar and another customer says, ‘Don’t worry I’ll get this, I’ll just put it through as a business meeting’. Okay, sorry, there is no funny punchline the accountant just rolls their eyes and shouts ‘Nooo’ in their head. Business …
D is for Dividends – A to Z Accountancy Top Tips If you are a shareholder of your own company, you may be able to extract profits as dividends. A dividend is a payment a company can make to shareholders if it has made a profit and has enough reserves. To pay a dividend you …
C is for Cashflow – A to Z Accountancy Top Tips Why does everyone keeping banging on about cashflows and what does it mean? Cashflow is the total money going in and out of a business in a certain period. A cashflow forecast is the plan for the total money going in and out of …
B is for Business Bank – A to Z Accountancy Top Tips This discussion crops up so often with business owners asking do I need a separate bank account for my business?If you are running a limited company, then yes, it is a separate legal entity and it needs a bank account to be set …