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How to avoid overtrading: example
A case study of how to avoid a situation of overtrading and the potential disaster it causes.
Business banking services offered by European banks
The different business accounts and business services offered by European banks.
What you will need to set up your business account in Europe
The documents that banks in Europe will require you to submit before you can open your business bank account.
Payment card security measures
Fraud prevention techniques and your obligation to protect cardholder data that your business stores or transmits.
Advantages and disadvantages of accepting payment cards for sales
Card payments can increase sales, broaden your customer base and cut admin - but watch costs and the risk of fraud.
Acquire assets and borrow money tax efficiently
Tax efficient methods of borrowing and how they can apply to your business.
Business angels
How business angels can fund investment in young and growing businesses.
Profit reporting: how, when and where?
Reporting deadlines, the form to use and who to send it to.
Do all businesses have to produce formal profit and loss accounts?
What types of business have to produce P&L accounts and why they are a good idea for most businesses.
Cost of sales
The base cost of obtaining or creating your product.
Crowdfunding
What is crowdfunding and how can it be used to finance a business.
Business expenses
Legitimate business expenses for accounting purposes and how to apportion expenses partly for business purposes.
Best practice when playing gigs
Simple tips on how to prepare for your gigs and play memorable live shows.
How to find a venue for your gig
How to find and book the right venue for your live show.
How to approach gig promoters
Understand how gig promoters work and what they expect from you as a band or an artist.
Profit and loss accounting periods and tax
Accounting periods to use for the self-employed, partnerships and limited companies.
Records for producing a profit and loss account or completing a tax return
The financial records you must keep for profit and loss accounts or to complete personal and business tax returns.
Recording business expenditure
How to record expenditure in different categories and the proof you must keep.
Cost of equipment
How to account for capital items and fixed assets in the profit and loss account
Sales and other sources of business income
Record sales in the profit and loss account and keep sales documentation and proof of income.