Information for sole traders starting your own new sole trader business set up including how to start up business, basic accounts and easy accounting
It is preferable to maintain regular basic accounts as part of the financial control bearing in mind that all debts of the business are personal to the trader. By preparing monthly accounts cash flow can be managed more effectively and an estimate of future tax liability made.
20Nov
Posted by Eric Feng in Communication Skills
Oh no!!! Not another observational humor monologue! I realize that few readers have an interest in writing observational humor monologues. And I also realize that because of the You-Had-To-Be-There factor, reading a transcript of a monologue from an event that you did not attend probably doesn’t make you laugh. So why do I publish them? [...]
19Nov
Posted by Matthew Lesko in Finance & Capital, How-To Guides, Recommendations, Success Attitude
I should not be providing this information, the government should. I believe the IRS should include a book like this to every American when they send you your tax forms. That way every American would know how to get their tax money back, because even though I call this “free money,” it really isn’t free. [...]
If you’re facing (or anticipating) one change of several changes, these tips will help you navigate through transition and help you land on your feet: 1. Acknowledge what’s happening. Get real about your situation and eliminate denial. Identify what you can control and/or influence to gain perspective in devising a strategy for action. 2. Invite [...]
A new start up business as a new sole trader is the most common business set up, using sole traders knowledge of how to start up business is useful to building a successful business. Every budding entrepreneur should be aware of the need to adequately prepare for the business venture. Administration and accounting is usually straightforward, you are your own boss and all the profits belong to the sole trader.
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