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Aug 2

Finance and Bookkeeping For Your Small Business: Webinar

August 2 @ 10:00 am - 1:00 pm

|Recurring Event (See all)

One event on July 18, 2022 at 10:00 am

One event on August 2, 2022 at 10:00 am

One event on September 2, 2022 at 10:00 am

Free
An introduction to understanding and managing the finances of a business – webinar

About this event

Who is this webinar for?

This webinar 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 the Inland Revenue.

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

 

BREAK / 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

 

Please note:
The breaks have been designed to coincide with a change in the webinar’s focus area within the subject of Finance and Bookkeeping. You can attend all three sections using the same link, or choose the section that suits your needs.

The webinar may be recorded, however, having your Camera and microphone on is optional for businessData Collecting:
Information collected here will be processed by Wenta and shared with our programme partners such as Hertfordshire LEP, Watford Borough Council, Stevenage Borough Council and Ministry of Housing, Communities and Local Government for programme data reporting purposes only. Data that is collected here will be used to provide further business advice and support information to you. Please visit Wenta’s Privacy Policy for more information.

If you do not wish for your data to be used for marketing purposes such as the Wenta Mailing List, please ensure you do not select the relevant box for the Mailing List ‘opt-in’.


Data Sharing:
We have data sharing arrangements in place with programme and contract partners such as Hertfordshire LEP, Watford Borough Council, Stevenage Borough Council and Ministry of Housing, Communities and Local Government, who we work with to provide certain services to you. Under data sharing arrangements, certain personal information is shared for a specific purpose. The local authority or organisation receiving the information must only use that information to carry out that specific purpose, and keep your data safe and secure. Please visit Wenta’s Privacy Policy for more information.