Finance Basics — Guides, Tips & Expert Advice
Financial literacy for business owners — cash flow, profit, invoicing basics, and money management.
48 articles on Finance Basics
Accruals and Prepayments — What They Are and Why They Matter
Confused by accruals and prepayments? This guide explains what they are, how they work and why they matter for your accounts and tax — in plain English.
Bad Debts — How to Write Them Off for Tax
Got invoices that will never be paid? Learn how to write off bad debts for tax relief, reclaim VAT and protect your business from unpaid invoices in the UK.
The Difference Between Capital and Revenue Expenditure
Capital vs revenue expenditure — what's the difference and why does it matter? This guide explains the rules, gives real examples and shows how it affects your tax.
Depreciation Explained — How Assets Lose Value for Tax
Confused by depreciation and capital allowances? This guide explains how assets lose value, how it affects your tax and what UK sole traders need to know.
Stock Valuation for Tax Purposes
Not sure how to value stock for your tax return? This guide explains HMRC's rules on stock valuation, common methods and what UK small businesses need to know.
Break-Even Analysis — How to Calculate Yours
Learn how to calculate your break-even point. Understand fixed costs, variable costs, and the formula that tells you exactly when your business starts profiting.
Understanding Financial Ratios — A Sole Trader's Guide
Financial ratios aren't just for big businesses. Learn which ratios matter most for sole traders and how to use them to make smarter business decisions.
Gross Margin vs Net Margin — What's the Difference?
Confused by gross margin and net margin? We explain the difference, how to calculate each, and why both matter for your business's financial health.
How to Value Your Business — Basic Methods
Wondering what your business is worth? We explain the basic valuation methods, from asset-based to earnings multiples, in plain language for small business owners.
What Is Working Capital and Why It Matters
Working capital is the lifeblood of your business. Learn what it is, how to calculate it, and practical ways to manage it so you never run short of cash.
Business Credit Cards — Should You Get One?
Thinking about getting a business credit card? We weigh up the pros, cons, and what to look for so you can decide if it's the right move for your business.
Business Loans for Sole Traders — What's Available
Need funding as a sole trader? We break down the types of business loans available, what you need to apply, and how to find the right one for your situation.
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