😵 Staggering how many companies are formed annually. Great for accountants😄, but this puts pressure on resources in the industry and yet again pushes up the cost of the commodity which is accountant time...🤨 When will software come in and reset the industry? https://lnkd.in/gaM67Y3X #accounting #company #business #finance
How many companies are formed annually?
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Startup founders who want to grow their business and make savings need to prioritise financial management stages as follows: Beginner: You need to regularly keep on top of your book-keeping as a non-negotiable: · Book-keeping provides clarity over your startup business’s financial health · Book-keeping software saves time and reduces errors · Regularly updated financial figures enable informed decision making, and · Compliance with HM Revenue & Customs in respect of VAT Returns and Payroll Intermediate: Having access to regularly updated financial reports will help business founders to: · Review how well the business is performing · Identify opportunities for business growth · Assess whether business targets are being met · Identify opportunities for cost savings and tax savings · Manage cashflow by chasing outstanding fees from clients, and · Set money aside for tax liabilities, including VAT, PAYE and Corporation Tax Advanced: Tax planning is more critical than tax preparation: · Identify all tax allowable expenses which you are entitled to claim · Early tax planning results in significantly reduced tax liabilities · Efficiently structuring your profit extraction strategy will reduce tax liabilities, and · Tax planning will help to maximise the money you are able to retain after taxes. Growth and savings are achieved as a result of prioritising financial management stages and making key decisions in a timely manner: · Reviewing service offerings and target market · Reviewing fees for existing clients and agreeing revised fees · Offering additional services and higher margin services to existing clients · Increasing your marketing budget and activities to generate additional clients · Negotiating better deals with suppliers to reduce your overheads, and · Early tax planning to significantly reduce tax liabilities All startup founders need to consider freeing up valuable time spent on book-keeping, accounts and tax returns by appointing a reliable firm of Chartered Accountants. A delay in key business decisions will result in a delay in higher profits generated for your business. Hills Lane Chartered Accountants is your reliable and trusted business partner. Helping your small business make key decisions in a timely manner to achieve growth, tax savings and cost savings. #UnitedKingdom #Startup #SmallBusiness #Entrepreneur #BusinessOwner #Founder #Directors #Mentors #BusinessOwners #Startups #SmallBusinessOwners #Business #Growth #Founders #SmallBusinessOwner #Psychologist #Entrepreneurs #Services #Consultants #CoFounders #Consultancy #Therapist #GraphicDesigner #Director #MarketingConsultant #RecruitmentConsultant #Marketing #GraphicDesigners #Recruitment #Services #Growth #Consultant #ManagingDirector #Coach #HealthandSafety #Owner #CoFounder
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To succeed, focus on managing your game and strategy effectively rather than changing the rules. Understanding the terrain and adapting your tactics will lead to better outcomes and sustained success in any endeavor. www.trusttallysg.com #Startup #SME #smallbusiness #businessowner #Singapore #Business #Accounting #Finance #Globaltrade #Bookkeeping #Outsource #Cashflow #SBF #Management #entrepreneur #entrepreneurship #inspiration #venturecapital #marketing #leadership #growth #success #SGBusinesses #Sustainability
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Startup founders who want to grow their business and make savings need to prioritise financial management stages as follows: Beginner: You need to regularly keep on top of your book-keeping as a non-negotiable: · Book-keeping provides clarity over your startup business’s financial health · Book-keeping software saves time and reduces errors · Regularly updated financial figures enable informed decision making, and · Compliance with HM Revenue & Customs in respect of VAT Returns and Payroll Intermediate: Having access to regularly updated financial reports will help business founders to: · Review how well the business is performing · Identify opportunities for business growth · Assess whether business targets are being met · Identify opportunities for cost savings and tax savings · Manage cashflow by chasing outstanding fees from clients, and · Set money aside for tax liabilities, including VAT, PAYE and Corporation Tax Advanced: Tax planning is more critical than tax preparation: · Identify all tax allowable expenses which you are entitled to claim · Early tax planning results in significantly reduced tax liabilities · Efficiently structuring your profit extraction strategy will reduce tax liabilities, and · Tax planning will help to maximise the money you are able to retain after taxes. Growth and savings are achieved as a result of prioritising financial management stages and making key decisions in a timely manner: · Reviewing service offerings and target market · Reviewing fees for existing clients and agreeing revised fees · Offering additional services and higher margin services to existing clients · Increasing your marketing budget and activities to generate additional clients · Negotiating better deals with suppliers to reduce your overheads, and · Early tax planning to significantly reduce tax liabilities All startup founders need to consider freeing up valuable time spent on book-keeping, accounts and tax returns by appointing a reliable firm of Chartered Accountants. A delay in key business decisions will result in a delay in higher profits generated for your business. Hills Lane Chartered Accountants is your reliable and trusted business partner. Helping your small business make key decisions in a timely manner to achieve growth, tax savings and cost savings. #UnitedKingdom #Startup #SmallBusiness #Entrepreneur #BusinessOwner #Founder #Directors #Mentors #BusinessOwners #Startups #SmallBusinessOwners #Business #Growth #Founders #SmallBusinessOwner #Psychologist #Entrepreneurs #Services #Consultants #CoFounders #Consultancy #Therapist #GraphicDesigner #Director #MarketingConsultant #RecruitmentConsultant #Marketing #GraphicDesigners #Recruitment #Services #Growth #Consultant #ManagingDirector #Coach #HealthandSafety #Owner #CoFounder
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As one of the most experienced E-residency Marketplace providers in the accounting field, we take pride in offering valuable advice through our weekly newsletter to more than 22,000 subscribers. Here are some cost-saving tips we'd like to share with you today. Stay informed with practical tips and business news by subscribing here https://lnkd.in/dSzkVT7p ✅ Submission Deadlines and Fines: Already, 25,000 companies have been deleted from Estonian Business Register, highlighting the importance of timely submission of reports. Failure to do so incurs fines until the annual report is submitted. These fines can often exceed the cost of preparing the report itself, with each subsequent fine being higher. Moreover, fines are subject to 25% tax. ✅ Taxation Beyond Dividends: In Estonia, it's essential to remember that besides dividends, other owner payouts are also subject to taxation. Failure to meet tax obligations on these payouts can lead to criminal charges. ✅ Tax Treatment of Management Payments: Payments to members of the management board, owners, employees or reimbursements for their expenses are treated as income and are subject to income tax 25% and social tax 33% ✅ Withdrawals from Equity Capital: Withdrawals from equity capital are tax-free only if they are accurately recorded in the balance sheet and declared to the tax authority. ✅ Importance of Document Retention: Keeping all expense documents is vital. Failure to produce any necessary document may result in a 25% income tax penalty.
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January 1 changes your small business and start-up should know The first day of January has brought updated rules and regulations for small businesses and start-ups across the economy. Here’s what you need to know to prepare for a successful year of business in 2025: https://lnkd.in/ggS8EVQz #smallbusiness #changes
January 1 changes your small business and startup should know
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Securing funding for a new startup is one of the most critical steps in ensuring the success of a business venture. However, obtaining financing can often be challenging. For instance, traditional bank loans may not always be an option, or they might require security conditions like a personal guarantee. #StartUpLoans #BusinessFunding #Entrepreneurs
Applying for business start-up loans
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Unlock the Power of Profitability with Marginfy! Maximise your margins, gain real-time insights, and streamline your financial operations with ease. Seamlessly integrated with Xero, our services cover accounting, CFO advisory, payroll, and financial modeling. Ready to take control of your business? Marginfy is here to help you succeed! Visit www.marginfy.com to learn more! #marginfy #BusinessSuccess #Profitability #SmartMargins #XeroIntegration #FinancialClarity #BusinessGrowth #Marginfy #AccountingMadeEasy #pricingisthekey #aimforsuccess #profitabilitysoftware #marketingstrategy #successisinyourhands #makeyourdreamscometrue #entrepreneurship #PricingSuccess #BusinessStrategy #UnlockYourPotential#moreprofit #pricingyourproduct #HelpingYourBusiness #software #growingbusiness #entrepreneur #talktoustoday #australia #businessminded #melbourne
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Securing funding for a new startup is one of the most critical steps in ensuring the success of a business venture. However, obtaining financing can often be challenging. For instance, traditional bank loans may not always be an option, or they might require security conditions like a personal guarantee. #StartUpLoans #BusinessFunding #Entrepreneurs
Applying for business start-up loans
essexabel.co.uk
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Tired of feeling overwhelmed by financial complexities? Rank Accounting and Consultancy is your solution. We empower entrepreneurs by providing expert guidance, maximizing profits, and ensuring compliance. Let us be your trusted partner on the road to success. Call us at +971-55-1904658, +971-56-789-5874 for more information. Visit our website. Link in bio. #finance #financialfreedom #moneymanagement #entrepreneurlife #businessowner #budgeting #rank #financialcontrol #informeddecisions #profitmaximization #complianceeasy #avoidmistakes #startup #smallbusiness [taxcompliance, taxdeductions, rankaccounting, taxexperts, growyourbusiness, Corporate Tax, VAT Tax, VAT, Moneycontrol]
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Are you having to rely making key business decisions on financial information that is nearly nine months old? Is your Accountant leaving you continually worried about how much your tax liability will be? If your Accountant is preparing your accounts nearly nine months after your year-end, they will help you to be compliant with both Companies House and HM Revenue & Customs. However, your key business decisions will be delayed by nearly nine months, including: · agreeing revised fees for existing clients · offering higher margin services to existing clients · increasing your marketing budget and activities to generate additional clients · negotiating better deals with suppliers to reduce your overheads, and · structuring your profit extraction strategy to reduce taxes A delay in key business decisions will result in a delay in higher profits generated for your business. Hills Lane Chartered Accountants can help prepare your accounts efficiently by agreeing realistic timescales with you as soon as we have gone past your year-end. We will request you to let us have your records as soon as practicable after the year-end and agree realistic timescales for: · preparation of draft accounts · detailed review of draft accounts · finalisation of accounts, and · submission of accounts to Companies House, and · submission of tax returns and accounts to HM Revenue & Customs If you are struggling to have certainty in respect of your tax liabilities and would like your Accounts and Tax Returns to be prepared efficiently, please contact us for a free consultation to discuss how we can assist you. We build a long-term relationship with you by obtaining a better understanding of your business and personal goals which allow us to provide you with a value solution to help improve your business and personal wealth. Hills Lane Chartered Accountants is a specialist firm for start-ups, owner managed limited companies and private individuals which offers a personal service tailored to each individual client’s needs. Hills Lane is your reliable and trusted Chartered Accountancy firm that aims to develop a close working relationship with you whilst allowing you to focus on your business. Helping your small business make key decisions in a timely manner to achieve growth, tax savings and cost savings. #startup #entrepreneur #businessowner #founder #startups #business #growth
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