Budgets & Other

Turnover vs Revenue: How do they Differ?

Generally, the difference between turnover vs revenue seems straightforward. As these are commonly used as interchangeable terms and in some cases, they refer to the same thing. Most often, they mean the total income of a business that is generated by selling goods and services in a certain period. However, there are differences that you …

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Want a Consistent Revenue Stream? Go For Recurring Revenue Model

One-off sale is one of the simplest types of business model. Here, you sell your product and get paid in return, see how simple it is! But, it’s not as simple as it seems. You need to toil day and night for years for the long-term sustainability of a one-off sales business. Wondering, what should …

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Lets figure out the differences between Salary and Wages

Often people take the terms salary and wages the same. Due to an unvivid understanding about what is the difference between salary and wages, people tend to get confused and use both the terms interchangeably. But the fact is that both the terms have clear differences.  In this article, we will learn everything we need …

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Optimum Director Salary & Dividend for 2021/22

If you’re a director of a limited company, and you’ve paid your taxes, chances are that you want to invest your dividends in other opportunities. With cash in hand, imagine the opportunities that will come your way.  If you’re looking forward to knowing more about minimum wage, personal allowance and tax rates, dividends allowance and …

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How to Be a Better Accounting Advisor

The end of the tax year is around the corner, and it’s the perfect opportunity for all accountants to be better accounting advisor for their clients.    Let’s start from January.    What were your priorities? Must be the clients in trouble that needed some serious troubleshooter /accounting advisor 2020 might not have proved out to …

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Here’s What Budget 2021 Is Made Up of

So the budget is due on 3rd March 2021.  What’s this budget 2021 made up of, and what significant announcements you must expect this year? Surely, you’ll need help with dissecting the key announcements. What are these and how will they impact your business, in the long run, this is the real question here.    …

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Here’s All you Need to Know About Corporation Tax

Businesses are required to file returns and pay taxes. However, some owners are often unaware that they have to register to collect and pay their dues, including corporation tax. This is especially true for those who are just starting in the industry. Don’t make the same mistake of failing to register as this can result …

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