Accounting & Tax 101 by Philip Redhead
Take control of your business finances with Accounting & Tax 101, a practical new guide from Philip Redhead at Accounts Action.
Designed to simplify the fundamentals of business accounting, this eBook breaks down essential topics, including cash vs profit, corporation tax, VAT, director withdrawals, and common tax mistakes. Whether you’re a start-up founder or an established business owner, this resource will help you understand your numbers, make smarter financial decisions, and avoid costly pitfalls.
What Your Balance Sheet Truly Reveals
When you receive your company accounts, the Balance Sheet can seem like the most confusing page. Many numbers are divided into “assets” and “liabilities,” with no clear story. But in truth, the Balance Sheet is simply a snapshot of what the business owns, owes, and is worth on a particular day — usually your year-end.