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Taxes Made Simple: Our Guide For Freelancers, Entrepreneurs and Businesses

Taxes Made Simple: Our Guide For Freelancers, Entrepreneurs and Businesses

As a freelancer, entrepreneur or business you need to keep on top of your figures and income for the financial year. When the time comes to file your tax return at the end of the year, Kiwili is here to help. In today’s post, we’ll look at some examples of the types of income you could have to declare on your tax return.

An Insider’s Guide To Solvency And Liquidity

An Insider’s Guide To Solvency And Liquidity

You’ve started your own business, and now you keep coming across all of these financial terms in your paperwork. ùSolvency, liquidity… It can be hard to keep up ! The two key concepts are finally explained in the simplest way ! Here’s everything you need to know to make the difference and help your business grow while it remains in good financial health for the long-term. 

Profitability : An Eye-Opening Guide

Profitability : An Eye-Opening Guide

Most people understand the meaning of the word profitability, whether they are in business or not, more money coming in than going out, right? But there is a lot more to it than that and this article will cover what you need to know,
We will explore in this article the main ways to determine whether your business is profitable or not.

The Accounting Mistakes We’re All Making

The Accounting Mistakes We’re All Making

Accounting is often regarded as a necessary evil by entrepreneurs. With proper preparation and planning we can identify errors early on in projects and avoid rectifying costly mistakes. You should always be on the look out for ways you can improve, and in some cases automate business processes in order to save time and energy, and limit potential mistakes. Here’s what to avoid..

The Trial Balance : Our Definition, With Examples

The Trial Balance : Our Definition, With Examples

A trial balance is the first step towards preparing financial statements. The primary use of this report is for adjusting entries. What’s the real use of a trial balance ? How to format a trial balance report ? How to prepare and adjust a trial balance ? We answer all of your questions and provide examples.

The General Ledger : A How-To Guide

The General Ledger : A How-To Guide

What exactly is a general ledger and what is it used for ? In this article we explain how to complete a general ledger and how best to use it. Keep reading to learn more about the general ledger and how you can use it in your small business.

The Golden Rules Of Accounting For Micro-Entrepreneurs : Commandments To Abide By

The Golden Rules Of Accounting For Micro-Entrepreneurs : Commandments To Abide By

Overwhelmed by all the paperwork? We’ve summarized exactly what paperwork you need to submit as a micro-entrepreneur, and some pearls of wisdom for you to keep in mind. 
Keeping your accounts in order as a micro-entrepreneur isn’t as complicated as people make out. Simply follow the commandments laid out in this article to keep on top of these requirements. 

Financial Statements : What You Need To Know

Financial Statements : What You Need To Know

This article will explore the three main financial statements: the balance sheet, the income statement, and the cash flow statement. These three documents complement each other to provide a comprehensive picture of a business, and its (hopefully!) solid financial footing. It is essential to understand these terms well to ensure good management of your company, and be able to use your accounting software efficiently.