Bookkeeping

Bookkeeping: The Miracle Of Compound Interest

There is an excellent article at the Motley Fool site entitled ‘The Miracle of Compound Returns’.  In my view the impact of compound returns should be the first lesson taught at school because young people can make the concept work in the favour because they have time on their sides. There are many people who [...]

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Bookkeeping: A Classic Mistake

I visited a care business today.  They supply domiciliary care services to elderly people, supporting them to live in their own homes.  The business is about 2 years old and expanding rapidly on the back of mainly low-margin business offered through social services. Don’t use a sledgehammer to crack a nut! They have made a [...]

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Bookkeeping: The Dangers Of A Tax Investigation

I have a free report entitled ‘The Dangers of a Tax Investigation’.  Let’s put two key facts together and draw our conclusions. The Taxman Cometh! Fact 1: As the recession bites, there will be a £23 billion shortfall in tax receipts. Fact 2: By promoting self-assessment and putting tax returns online, the tax inspectors have [...]

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Bookkeeping: The Power of Key Performance Indicators

I am speaking to my local BNI Chapter tomorrow about Key Performance Indicators because running any business effectively, requires good decision making, which is based on good management information. Is staff morale a ‘driver’ in your business? A good bookkeeping system enables businesses to monitor profitability and cash flow but let’s take a deeper look [...]

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Bookkeeping: Who Ate The Cow?

Our Government screwed up big-time with the bookkeeping and they have obviously never read the Bible. You will recall that the Pharaoh of Egypt had a dream.  He dreamt that seven fat cows ate the seven scrawny cow s.  But he didn’t know what the dream meant. He called a young Hebrew man who had [...]

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The Road To Financial Freedom

The rules for achieving complete financial freedom are simple: 1. Become completely debt free – yes, including your mortgage 2. Maximise your personal income – preferably from several sources 3. Minimise your outgoings – review regularly and trim hard 4. Minimise your responsibilty to support others financially 5. Start your own business – this site [...]

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Do Not Covet Your Ideas

Renegade thinking is thinking for yourself rather than sheep-like behaviour. An introduction to a series of radical articles that challenge our institutions.

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