Finance in addition to BudgetingCourse ContentAssessmentIncorporationBookkeepingCash FlowRa
Schneiderman, Bernardo, Contributing Editor, Latin America has reference to this Academic Journal, PHwiki organized this Journal Finance in addition to BudgetingCourse ContentAssessmentIncorporationBookkeepingCash FlowRaising FinanceTax in addition to VATSocial CurrencyAssessmentResearch, Research, RESEARCH!Current Cash PositionStart up costs requiredRunning costsFunding
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IncorporationCompanies Acts require accounts, in a specified as long as mat to be filed on public record at Companies House every yearDirectors reportAccountants reportProfit in addition to loss accountBalance sheetNotes to the accountsFiling deadline is 9 months after year endPenalties as long as late filingLarge companies must have accounts auditedBookkeeping & AccountsIt is essential to keep accurate recordsThe purpose is to determine the success in addition to financial health of a businessBasis of paying tax Bookkeeping needs to be set out clearly so you in addition to the tax man can underst in addition to itDont as long as get cash is everythingWhat needs to be recordedEvery penny that is received in addition to paid by the business This includes all pre-trading expensesThis also includes any non-business receipts or payments, because the business books should balance or agree with the bank account.Money owed to the business (invoiced but not yet received)Money owed by the business (invoiced but not yet paid)Many small business owners remember the above, without needing as long as mal records!
Cash BookPurchases in addition to ExpensesSales Ledger
Cash FlowThese are sales/costs broken down over a fix period oftime when they actually happenPre-start costsOpening balance Money inMoney outWhats leftCarry it as long as wardReal money in real timeRaising FinanceIn the early stages of your enterprise you may need a little financial assistance, where can you goThe Three FsThe UniversityKick StartersGrantsBanksLenders of Last Resort
V.A.T.RegistrationCompulsory if taxable supplies exceed £81,000Voluntary below the limitKeep track of rolling 12 months (or next 30 days!)Penalties as long as late registrationApply to Customs & Excise08457 112114www.hmrc.gov.ukTaxation (Income Tax)Taxation (National Insurance)
Business ExpenditureA business can incur any expenditure it thinks fit in addition to properOnly expenditure which is wholly in addition to exclusively incurred as long as the purpose of the business is allowable as a tax deductionEntertainmentClothing (except safety/uni as long as ms)Subscription to Golf/Health ClubFormation costs of Ltd. Co.Personal drawings (self employed)Purchase of capital itemsSocial CurrencyIt is important as long as Social Enterprises in addition to Charities to remain solvent. However how are you going to measure your social purposeKey social areasSLAs in addition to KPIsCommercial vs SocialNever loose sight of why you are doing itUseful ContactsACCA (Association of Chartered Certified Accountants) http://www.accaglobal.com/uk/en.htmlHMRC www.gov.ukVAT Office www.gov.uk/business-tax/vatCompanies House http://ow.ly/J7SyQThe Best Small Business Accounts Book – Peter HingstonBookkeeping For Dummies – Jane Kelly, Paul Barrow , Lita EpsteinBanks are also a valuable source of help[ in addition to advise.
What We Have Covered TodayAssessmentIncorporationBookkeepingCash FlowRaising FinanceTax in addition to VATSocial Currency Wed 18 March 2015 Managing Your Project Any Questions
Schneiderman, Bernardo Contributing Editor, Latin America
Schneiderman, Bernardo is from United States and they belong to Sat Magazine and they are from Sonoma, United States got related to this Particular Journal. and Schneiderman, Bernardo deal with the subjects like Satellite Technology
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