Imagine you have been working hard in your shop for three years. You sell products every day, you pay your bills, and you even have some cash in your pocket. But then, a bank manager or a tax officer asks you one simple question. How much capital do you have …
Read More »How to record business activities properly and ace your taxes
Imagine waking up to a letter from the tax office. Your heart sinks. They want to see your records from three years ago. You look at the pile of faded receipts in a shoebox. You look at your bank statements that show hundreds of “miscellaneous” withdrawals. You realise with a …
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