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Maya Bakova
- Mar 19
- 4 min
What factors determine the optimal Director salary in 2024/25?
The reason for this is all down to the National Insurance (NI) rates As a director of a limited company, you decide how much to pay...
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Maya Bakova
- Sep 29, 2023
- 2 min
Limited Company Expenses
In the context of a limited company, expenses are costs that the company incurs while conducting its business operations. These expenses...
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Maya Bakova
- Sep 17, 2023
- 2 min
Money Matters: How to stay on top of your Self Assessment Tax Return
When you work for yourself, whether as a sole trader, freelancer, contractor, or as the owner of a small business, you are typically...
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Maya Bakova
- Jul 19, 2023
- 1 min
What is Purchase Order and How to Match it with an Invoice?
A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating the types, quantities and prices for products
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Maya Bakova
- Jul 11, 2023
- 2 min
To perform bookkeeping for a small business, you can follow these steps:
Set up a Chart of Accounts: A chart of accounts is a framework that organizes your financial transactions into different categories. It...
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Maya Bakova
- Jul 11, 2023
- 2 min
Why bookkeeping is important?
Bookkeeping is important for several reasons: Financial Records: Bookkeeping helps you keep accurate and organized financial records of...
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Maya Bakova
- Jul 10, 2023
- 2 min
Accounting Tips for a Self Employed Cleaner
Managing accounting for a cleaning business requires attention to detail and organization. Here are some accounting tips specifically...
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Maya Bakova
- May 17, 2022
- 2 min
12 ways to relax after a long and busy day
1. Take time to laugh - Laughter stimulates the release of endorphins and dopamine, relaxes the whole body and relieves the stress. 2. Do...
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Maya Bakova
- Mar 13, 2022
- 3 min
How Accountants Can Save Your Business a Fortune
Accounting is a crucial part of every business, from small boutiques to multinational corporations. You can’t ignore your accounts, and...
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Maya Bakova
- Mar 13, 2022
- 2 min
Four Tax Preparation Tips to Follow
If you want to avoid the stress of the tax period, follow these four simple steps to prepare your business in advance. Tax season is one...
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Maya Bakova
- Mar 13, 2022
- 2 min
Four Ways to Reduce Costs and Boost Your Profitability
Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability...
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Maya Bakova
- Mar 13, 2022
- 3 min
5 Simple Ways to Recession-Proof Your Small Business
You never quite know when a recession is going to hit and it’s worse if it comes as a shock. Many businesses failed to prepare for the...
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