However help is at hand, in this informative eBook, qualified accountant Emily Coltman guides small business owners through what they need to know on the finance and accounting side when setting up and running their business.
Finance for Small Business explains the different ways a business can be set up and structured legally and what the advantages and disadvantages of each kind of structure are, including the different taxes that each has to pay, and when those taxes have to be paid. It looks at where business owners might find the money to start or expand, and the reasons why they might choose the different sources, plus suggestions for how to organise paperwork and advice on what records they need to keep and for how long.
Readers will find how to keep on the right side of the taxman, what expenses you can and can’t claim tax relief on, and how to claim tax relief when buying equipment for the business – and also what ‘tax relief” actually is!
All those topics and more are answered in this easy-to-read bitesize guide to finance and accounting for small businesses.
Coltman said “I was delighted to be asked to write this book as part of the Bitesize series of guides for small businesses. I believe that there’s no better time to be starting a small business in the UK. Not only are initiatives such as Start-up Britain working hard to encourage individuals to set up their own businesses, but the increasing availability of technology means the world is shrinking and it’s possible now, as it wasn’t even five years ago, for a UK-based business owner to sell their goods and services nationwide and worldwide from their shed or back bedroom.
But all small business owners have to think about the finance and tax side of running a business, not only to make sure they keep on the right side of HM Revenue but also because a business without enough cash can’t survive, and because there’s a wealth of useful information a well-kept set of records can give.
The UK tax system is a wilderness and in this book I aim to provide a map and compass to guide readers through, written in plain English and backed by more than ten years of acting as an accountant to small businesses.”
Emily is passionate about helping the owners of small and growing businesses to escape their fear of ‘the numbers’, and believes that, with the right tools and guidance – some of which she aims to provide in this book, absolutely anyone, even if they were hopeless at maths at school – can learn to look after the finances of a small business.
Finance for Small Business is the fourth of ten titles in the Business Bites series, which consists of guides from leading experts. The series is packed with useful information, and each eBook covers a specific topic, so whether you want help with social media or how to balance your books, you can find the solution!
Emma Jones of Enterprise Nation, co- founder of Brightword said: “Small business owners have plenty to pack into a working day and this was reflected in the demands we were receiving for content to be delivered in bite size chunks. We have commissioned authors who are experts in their fields and their tips and advice have been packaged in an easy style. This series of eBooks will help you increase sales, reduce costs and work more effectively. Best of all, you can digest a Business Bite Guide in the space of a coffee break!”