by Nishi Patel BSc ACMA | Mar 8, 2016 | Getting it right from day one
During the course of business it’s quite likely you’ll be travelling around and spending money while you do it, this brief guide gives you an idea of what kinds of travel expenses are tax deductible and which ones aren’t. Business mileage The easiest way of deducting... 
by Nishi Patel BSc ACMA | Mar 7, 2016 | Getting it right from day one
It’s often the case that the bank you choose when you first start out can end up being the one you stick with for the life of your business, after all, it can be a pain to move so here’s a few points to consider when choosing a bank. Free banking Quite a few banks... 
by Nishi Patel BSc ACMA | Mar 6, 2016 | Getting it right from day one
Understanding whether a cost in a business is fixed or moves with the amount of sales you make can be the first step in effectively controlling it and making sure your customers are paying the right amount for the services and goods you provide, this article looks at... 
by Nishi Patel BSc ACMA | Mar 5, 2016 | Getting it right from day one
The first article in this series looked at how travel expenses work for tax purposes but there will undoubtedly be many other costs in a business that will need to be factored in, this article looks at types of costs and what they mean. Generally business expenses... 
by Nishi Patel BSc ACMA | Mar 4, 2016 | Getting it right from day one
The first year or two of a business can often be a battle to survive and as a result business owners don’t always collect the information that they will need when they’re ready to take things to the next level. When I started my own business, I spent money trying out... 
by Nishi Patel BSc ACMA | Mar 3, 2016 | Getting it right from day one
Paying tax as a business can be far more complex then when you paid it as an employee and making sure you don’t get caught out by a surprise bill needs some planning, this guide is quite technical but it should give you a headstart in managing your cash flows. Limited...