Maybe you’re thinking about starting your own business and are scared about the money management bit – the accounting.
In this video, I explain the need to know on accounting for small businesses
#accounting #smallbusiness #startup

link to companies house

0:00 intro
0:53 sole trader or limited company?
1:29 do you need to keep accounts as a sole trader?
2:58 what business expenses can I claim as a sole trader?
3:53 do I need a separate business bank account?
4:32 do sole traders need to use a tax accountant?
5:22 what accounts do you need to keep as a limited company?
6:32 what is the HMRC definition of a small business?
7:35 what do I need to include in my statutory year end accounts?
8:25 can I prepare my own year end account?