Thu, 16 Dec | Wenta Watford

Financial Management For My Business

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.
Financial Management For My Business

Time & Location

Last available date
16 Dec, 09:30 – 13:00
Wenta Watford, The Wenta Business Centre, Colne Way, Watford, WD24 7ND

About the event

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

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

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

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