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Casual Articles - Common Budgeting Mistakes and How to Avoid Them
How To Ship Stained Glass nting the entire amount of what is in the bank account as holdings, you risk making purchases that the business cannot afford.To ship a piece of glass, it needs to be crated. We build a crate around every piece of glass which we ship. It needs to be a custom fit so that the glass can be adequately protected. The following pictures are of us building a crate for a 3' Do not Do not count taxable amounts as company holdings It is easy to forget that the balance in the company’s bank account does not represent the true holding value of the company. Remember that if you exceed the VAT threshold, a certain amount will be owed as VAT each quarter and that you will have to pay corporation tax at the end of the company’s financial year. By counting the entire amount of what is in the bank account as holdings, you risk making purchases that the business cannot afford. Do not i Do not count taxable amounts as company holdings It is easy to forget that the balance in the company’s bank account does not represent the true holding value of the company. Remember that if you exceed the VAT threshold, a certain amount will be owed as VAT each quarter and that you will have to pay corporation tax at the end of the company’s financial year. By counting the entire amount of what is in the bank account as holdings, you risk making purchases that the business cannot afford. Do not Do not Do not Do not ignore your cash flow situation Cash flow problems are caused by a time lag between when you pay your suppliers and when you receive money from your customers, and they are at the root of many companies’ failures. Try and manage your cash flow by chasing up late payments and not spending money that you have not yet received. Do not over promise and under deliver It is often the case that you can generate repeat business from existing customers and that it is easier to do this than to hunt for completely new business. By over promising and under deliveri
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