Considering if you should create a budget? Do you have a plan for the year ahead in your business? Any idea on how much profit you want to make? What you want to have to spend personally for all your hard work? Well a budget can help you set these out and make sure you […]
A quick guide on how to create a budget Read More »
We often bang on about management accounts and how useful they can be, so here are some reasons why they could be very helpful for your business. Regularly reviewing management accounts is crucial for several reasons, as it lets you see the financial health and performance of a business. At 2 Sisters we have a
Why should you bother with management accounts? Read More »
For a lot of our clients running their business is the first time they have had to look at any annual accounts or financial statements and so it can be a bit bewildering when we send you the accounts to sign off each year. When we send them through to you, it’s important to review
What to look at in your financial statements Read More »
I am sure we are not the only ones getting endless emails telling us about price increases for things that we use. While we do take that reminder to think carefully about whether we actually use it or not, sometimes we just have to swallow the price rises. As your costs increase, sadly your profit can
How to approach price increases with your clients Read More »
Bookkeeping is something most small business owners dread, we’ve put together our top tips to make it as painless as possible for you. Set a Regular Schedule: Set yourself specific times each week or month to update your books. Consistency is key when it comes to bookkeeping. Put it in your diary to block it
How to make your bookkeeping easy Read More »
The tax year end is rapidly approaching, as a reminder its 5th April. This is the end of the UK tax year, if you’re a limited company you will have your own company year which is separate to the end of the tax year. Why does it matter? Because the end of the tax year
Tax year end action Read More »
“What should I look for when I’m picking my accountant?” 1️⃣ Do you like them? And not in a “OMG BFFS💗👯♀️” way. Are you comfortable speaking to them and asking questions? Do you understand their answers? Do they make you feel like you should be stood in the corner in a dunces hat? Check you
How to choose an accountant? Read More »
Are you actually charging enough? Let’s do some maths quickly to see what you should charge per hour. How much do you want to earn a month?How much do you want to work per month? I want to earn £10k a month and I want to work 30 hours a week. I also want 8
What should I charge per hour? Read More »
“It’s tax deductible” we all merrily say, while people brand new to business politely smile and nod while not having a clue what we mean. Lets break it down. Sales – expenses = profit. You pay tax on your profit. So in simple terms, more expenses = less profits = less tax. Sales might be
What does tax deductible mean? Read More »
Fixed assets and depreciation sounds like made up accounting talk. And short version, its because it is. However, hopefully we can make it a bit easier to understand! Fixed assets are things that you will use for longer than a year in your business to generate income. The money that you spend on these assets
Fixed Assets and Depreciation Read More »
Accounting hints, tips, and updates
Want our fortnightly/monthly rambling on some handy accounting things? We attempt to make it slightly less boring than reading the back of shampoo bottles but can’t make any promises.
2 Sisters Accounting is a Limited company registered in England and Wales Registration No. 11167998
Reg office: International House, 12 Constance Street, London, E16 2DQ
