Equity: Understanding the Different Types of Equity on Your Balance Sheet
What is Equity? Equity represents the residual interest in the assets of your business after deducting liabilities. Essentially, it shows what the owners own outright, making it a critical metric for both chartered accountants and those offering strategic finance support. Types of Equity on a Balance Sheet (According to UK GAAP): Why Understanding Equity is […]
Understanding the Balance Sheet: A Key to Financial Clarity
As a business owner or manager, understanding your company’s balance sheet is essential for making informed financial decisions. But what exactly is a balance sheet, and why is it so important? What is a Balance Sheet? A balance sheet is a financial statement that provides a snapshot of your company’s financial health at a specific […]
Understanding Gift Aid: A Win-Win for Employers and Charities
Services, we are passionate about helping businesses make the most of their charitable contributions. One way to do this is through Gift Aid—a UK government scheme that boosts the value of donations to charities by allowing them to reclaim tax on donations made by taxpayers. What is Gift Aid? Gift Aid enables charities to claim […]
Understanding Risk Management: A Vital Tool for Your Business
In the fast-paced world of business, uncertainties are inevitable. At Bowdon Accounting Services, we believe that effective risk management is not just about mitigating threats, but also about leveraging opportunities. Our focus on strategic finance support ensures you’re prepared for any eventuality. Why Risk Management? Risk management involves identifying, assessing, and prioritizing risks followed by […]
Employers, Are You Up-to-Date on Pension Auto Enrolment Rules?
At Bowdon Accounting Services, we understand that managing your workforce’s pension scheme is complex. Here’s a concise guide on what employers need to know about auto enrolment to ensure compliance with strategic finance support. 🔍 What is Auto Enrolment? Auto enrolment requires employers to automatically enrol eligible employees into a workplace pension scheme, contributing towards […]
Company Directors! Do You Still Need to Submit Self Assessment Tax Returns
One common question we often hear is: Do company directors still need to submit self assessment tax returns? 🤔 The Answer: It Depends! 🔹 Yes, if: 🔹 No, if: It’s crucial to assess your individual circumstances and ensure compliance to avoid penalties. Effective tax planning and financial planning are essential components of maintaining compliance. We […]
