This is an essential event for new business owners, those starting their own business, or anyone who finds accounts and tax challenging. It will be conducted via Zoom.

In this one-hour session, Katie Gilmour, an expert in accounting and taxation, will demystify the complexities of business finances. This training will provide you with fundamental knowledge and practical tips to manage your business’ financial aspects with confidence.

Key aspects of the session:

• Understanding financial statements. Katie will explain the basics of a balance sheet and how it differs from a profit and loss account, helping you understand the core of business financials.
• Types of taxation explained. Get clarity on different types of taxes including corporation tax, VAT, personal tax, and PAYE. This knowledge is crucial for legal and efficient business operation.
• Profit versus cash flow. Learn the difference between profit and cash flow, and why understanding both is vital for your business’ health.
• Avoiding common financial mistakes. Katie will highlight common financial pitfalls that new business owners often encounter and how to avoid them.