BLOG
Part2: Bitcoin- the tax effect
We continue our discussion concerning the digital financial revolution headlined by emergence of Bitcoin as a medium of exchange. Today we look at the tax implications of trading with and in Bitcoin, and buying or [...]
Financial management – The cost of running the business
In this series on the elements of your financial statements we’ve looked at the income, cost of sales and gross profit, all parts of the selling aspect of your business. Today, we’re going to look [...]
The 9 Hats of an Entrepreneur – Spouse
When I wear my husband hat and then work in my business, I have a huge responsibility to my wife. Having the Spouse hat requires us to communicate openly to our other halves as if [...]
The importance of good bookkeeping
As we begin a new tax year and new financial year for some here is a look at what good bookkeeping is and why it is important. Some have made mistakes in the past which [...]
Financial Management – Gross profit, the big brother of Net Profit
Profit is a fond topic for most business owners, but do you know the difference between gross profit and net profit? Gross profit is the net result of your sales and your cost of sales, in [...]
The 9 Hats of an Entrepreneur – Family Member
Oh, to be single and have no responsibilities or time barriers. Just think about how much work we could get done without the nagging of family commitments. Sound familiar? Well, let me share with you [...]
Financial Management – When can salaries be a sales cost?
Last week we looked at income and the various types of income as part of our mini-series on the elements of your financial statements. Today we’re looking at a very misunderstood area – the cost of [...]