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Business accounting periods
The balance sheet portrays a business' performance over the financial year or accounting period.
The relationship between balance sheets and profit and loss accounts
How transactions in the profit and loss account can affect balance sheet entries and vice versa.
Buying business property
What to consider when buying your own business premises, financial and legal aspects, and when to use a solicitor or surveyor.
Set up as a sole trader
Sole traders must register with HM Revenue and Customs and follow certain rules on running and naming their business
Choosing business property
Key issues to consider when choosing the right commercial property for your business needs.
Advantages and disadvantages of buying business property
You should weigh up both pros and cons when considering buying a business property.
Profit reporting: how, when and where?
Reporting deadlines, the form to use and who to send it to.
Do all businesses have to produce formal profit and loss accounts?
What types of business have to produce P&L accounts and why they are a good idea for most businesses.
Cost of sales
The base cost of obtaining or creating your product.
Renting commercial property
Key factors to consider when choosing to rent property to meet your business demands.
Use your home as a workplace
Tax implications, financial and legal issues, security, and setting up your work area if you plan to work from home.
Buying commercial property: using a surveyor
A surveyor can help you negotiate insurance and contracts and give you advice on any alterations that may be required.
Buying commercial property: using a solicitor
A solicitor can offer valuable legal advice and support to negotiate a suitable deal when purchasing business property.
Business expenses
Legitimate business expenses for accounting purposes and how to apportion expenses partly for business purposes.
Retail start-up support
How to find the right financial and advisory support to start your retail business in Northern Ireland
Business angels
How business angels can fund investment in young and growing businesses.
Claim loan interest against tax
If you deduct loan interest from your profits you can reduce your business tax bill.
Crowdfunding
What is crowdfunding and how can it be used to finance a business.
Family business
Understand the benefits and issues that affect family-run businesses, employing family members or financing from friends and family
Profit and loss accounting periods and tax
Accounting periods to use for the self-employed, partnerships and limited companies.