Understanding Tax Deductions Tax deductions play a crucial role in reducing taxable income, thereby decreasing the amount of tax owed. Deductions are specific expenses that taxpayers can subtract from their income before calculating the tax they owe. Understanding the different … Continue Reading
We’ve gone from strength to strength, we welcomed 1 more mini team member in April, Emma attended Manchester Pride in August with Xero and not only were we finalists for Xero Bookkeeping Partner of the Year, we only went … Continue Reading
Financial accounting and management accounting are two essential branches of accounting with distinct roles. Financial accounting primarily involves the preparation of financial statements to present a company’s financial performance and position to external stakeholders, like investors and regulators. It ensures … Continue Reading
Efficient accounting practices are essential for the success of your online business. At Fresh Financials, we specialise in guiding online entrepreneurs through the intricacies of financial management. We offer expert insights into revenue tracking, expense management, and tax optimisation. With … Continue Reading
When considering the importance of having a bookkeeper or accountant for your business, it’s crucial to recognise their valuable role. These professionals bring expertise in financial management and accounting, helping maintain accurate financial records that support informed decision-making. They also … Continue Reading
Bookkeeping is the systematic recording, organising, and tracking of financial transactions within a business. It involves tasks such as maintaining records of income and expenses, monitoring cash flow and reconciling bank statements. While it might seem mundane, bookkeeping is crucial … Continue Reading
Xero is more than just accounting software; it’s a powerful tool designed to empower your business financially. With Xero, you can efficiently manage your financial records, from bookkeeping and invoicing to bank reconciliation and expense tracking. Our expert team specialises … Continue Reading
The relationship between a bookkeeper and business owner is a powerful one. We’re privy to the most important, intimate details of a client’s business – their finances. For the business to achieve real success, there needs to be trust, connection … Continue Reading
You know you need some help with your business’ finances. But what kind of help is right for you? Often, business owners think the most important choice is whether they hire an outsourced bookkeeper or accountant. Really, what’s most important … Continue Reading
When you find a tool that makes doing business easier, more efficient and enjoyable, you don’t keep it to yourself. If you haven’t met already, let us introduce you to Slack: a digital messaging app for businesses. We’ve been using … Continue Reading
