Managing your finances wisely includes knowing how much interest you can earn from your savings before you need to pay tax. In the UK, several tax allowances help individuals save without paying tax on the interest earned. These allowances include…
If you’re self-employed, in a business partnership, or earning income outside the PAYE system in the UK, you need to be registered for self-assessment with HMRC. One essential requirement for this is obtaining a UTR (Unique Taxpayer Reference) number. This…
Calculating staff turnover is a crucial step in understanding the stability and success of your business. Measuring and analyzing the rate at which employees leave your organization provides valuable insights into employee retention and helps identify areas for improvement. By…
Many businesses waste money on high energy consumption each year. By understanding and efficiently calculating your electricity costs, you can make simple changes to reduce energy usage and save on expenses. Use an electricity cost calculator to determine the impact…
Trade credit is a financial arrangement where one business provides a line of credit to another business for buying goods and services. It can be a lifeline for business cash flow, but there are also pitfalls to be aware of.…
In the world of finance and investing, understanding the leverage gearing ratio is crucial. It is a financial metric that helps evaluate a company’s financial leverage and capital structure. By examining the debt-to-equity ratio, investors and analysts can assess the…
Understanding attrition rate and its calculation is crucial for HR leaders and organizations. Attrition rate is the percentage of employees leaving a company over a specific period, which gives valuable insights into employee turnover and organizational health. By tracking and…
Employee turnover is a crucial aspect of any organization’s success. It measures the rate at which employees leave and provides valuable insights into calculating employee retention and turnover analytics. By understanding the employee churn formula, businesses can make informed decisions…
The accounting rate of return (ARR) formula is used to calculate the expected percentage rate of return on an investment or asset. This simple calculation helps assess the profitability of various projects and determine their potential return on investment. By…
All limited companies, whether they trade or not, must deliver annual accounts and a confirmation statement to Companies House each year. This includes dormant companies. A company is considered dormant by Companies House if it has had no significant accounting…