Author: websoft9

Reading Time: 5 minutes When considering the question, “What is a good current ratio?” it is crucial to recognize that it acts as a fuel gauge, indicating sufficient resources to cover financial obligations. In this blog post, we will cover the following: What is a Current Ratio How to Calculate…

Reading Time: 8 minutes You know your business has growth potential, but turning that potential into reality often requires your knowledge of “how to find investors.” Building a successful business takes more than just a great idea. Sometimes, you need funding to fuel growth, expansion, and innovation. For a business…

Reading Time: 4 minutes A VAT number is like a special identification tag for businesses that sell taxable goods and services. It’s a nine-digit code issued by the HMRC with the prefix ‘GB’ in England, Scotland and Wales that lets you add a tax to prices of items or services,…

Reading Time: 3 minutes HM Revenue and Customs (HMRC) employs a system known as Self Assessment for Income Tax collection. While taxes are usually deducted automatically from wages and pensions, individuals with income from other sources must declare it by completing a tax return. Additional income, such as rental earnings,…

Reading Time: 4 minutes Do you ever find yourself wondering where all your income goes? If budgeting is an impossible puzzle, understanding the difference between fixed and variable expenses is a crucial first step toward financial control. In this blog post, we discuss fixed vs variable expenses and provide practical…

Reading Time: 6 minutes “Winter is coming!” warned Ned Stark on Game of Thrones. But for businesses, winter translates to variable expenses incurred when least expected. But hey, that’s why we learn to adapt, right? One of the most challenging aspects of financial management is dealing with expenses that change…

Reading Time: 5 minutes Managing fixed expenses is a balancing act, and with proper planning, it can become a working ally instead of a burden. There is always a love-hate relationship with fixed expenses. You know, those pesky bills that show up every month, whether you like it or not.…

Reading Time: 11 minutes Many small business owners in the U.S. would agree that the financial side of things can be a bit taxing. But here’s one thing you can’t avoid: the annual tax return. It’s more than just a task to check off your list—it’s your official declaration of…