By creating a planned objective for your new business, you can work out how much you need to live the life you want. This is your ‘lifestyle cost’. Here’s how to calculate this figure, what you can do to reduce it, and why it is practical to make this calculation.
Your accounts don’t have to be hard to understand. Understanding the numbers can empower you to make better decisions, period. Here is part 3 and the last of our series: ‘Maximising your accounting information’. This week, we talk about financial reporting and how to make use of your reports.
Here’s a typical conversation I (James) have as a tax advisor:
Client: "James, how do I lower my tax liability? I’m a higher rate taxpayer and my income is taxed at source via payroll.”
Your accounts don’t have to be hard to understand. Understanding the numbers can empower you to make better decisions, period. Here is part 2 of our series: ‘Maximising your accounting information’. This week, we talk about cashflow forecasting efficiently and effectively.
Your accounts don’t have to be hard to understand. Understanding the numbers can empower you to make better decisions, period. Here is part 1 of our series: ‘Maximising your accounting information. First up, we share the in’s and out’s of preparing budgets in a way that matters for your business.
As a chartered tax advisor, I am forever banging on about the tax advantages of pensions. There are not many investments that can compare with the mighty pension.
However, there is no getting away from it either. Pensions are complicated.
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