Statement of Financial Position and How To Use It
Financial management is critical to running a successful business. From tracking income and expenses to managing cash flow and making strategic...
Business Competitors: What You Need To Know
The word "Business competitors" often evokes a sense of unease. We picture rivals vying for the same customers, a battle for...
How to Start a Business in Tennessee
Setting sail on the entrepreneurial journey to start a business in Tennessee presents loads of opportunities, ranging from the vibrant urban hustle of...
What is an Invoice: How and When to Send One
"What is an invoice?" is a common question many business professionals consider general knowledge. However, 18,000+ monthly searches suggest it may...
What is a Good Current Ratio?
When considering the question, "What is a good current ratio?" it is crucial to recognize that it acts as a fuel...
What is a VAT Number?
A VAT number is like a special identification tag for businesses that sell taxable goods and services. It's a nine-digit code...
What is Self Assessment?
HM Revenue and Customs (HMRC) employs a system known as Self Assessment for Income Tax collection. While taxes are usually deducted...
Fixed vs Variable Expenses: Balancing Your Budget
Do you ever find yourself wondering where all your income goes? If budgeting is an impossible puzzle, understanding the difference between...
Variable Expenses: How To Budget for Them
"Winter is coming!" warned Ned Stark on Game of Thrones. But for businesses, winter translates to variable expenses incurred when least...
Fixed Expenses: How to Manage Them Effectively
Managing fixed expenses is a balancing act, and with proper planning, it can become a working ally instead of a burden....