Loading Events

« All Events

Dec 1

Face-to-face Workshop – Financial Management For My Business

December 1 @ 9:30 am - 1:00 pm

|Recurring Event (See all)

One event on December 1, 2021 at 9:30 am

Free

This is a face-to-face workshop (yes, with REAL people, in-person!)

During the workshop there will be the opportunity for networking with other like-minded people and hear from other business owners.

Who is this workshop for?

This workshop has been designed as a beginner’s guide for businesses, focused on the subject of Finance and Bookkeeping.

Overview:

For a business to succeed the finances must add up. This workshop gives you an understanding of the financial implications of running your own business. It also teaches you bookkeeping to an acceptable standard for HMRC.

This workshop will allow you the opportunity to ask questions and to discuss your ideas with others in the same position as you. Talking to others in the same boat can be great for building confidence and gaining some inspiration. Delegates find they leave with practical knowledge, new ideas and often some useful contacts too.

Agenda:

Legal Status of Business and Basic Bookkeeping

  • Considering the Legal Status of your business, covering pros and cons of each ‘format of business’
  • Introducing you to the fundamentals of the basic bookkeeping process

BREAK / Optional networking time

Cashflow, Profit and Loss

  • Profit and loss forecasting and management; how to determine the profitability of your business
  • Cashflow forecasting and management; understanding the cash required to start up and run your business
  • The importance of both in ensuring your business is on an even keel financially

LUNCH / Optional networking time

VAT, NIC, Personal and Business Tax

  • VAT – thresholds, registration, recording and returns
  • NIC – reviews all classes of NIC – NIC1,2 and 4
  • Taxation – covers personal taxation and company (corporate) taxation