How To Track Your Business Income

business income explained

Are you ready to start understanding what’s going on under the bonnet of your business? Tracking your business income is more than just adding up numbers for your tax return, it can give you helpful insights into where you are making money so you can, well, make more! Here’s how to get started with your tracking and some of the common mistakes you need to avoid.

What Does HMRC Stand For?

what does hmrc stand for

HMRC stands for ‘Her Majesty Revenue and Customs’. They used to be known as the Inland Revenue, which many people still refer to them by.⁠ What is the Main Function of HMRC? HMRC is responsible for the UK tax, payments and customs systems, collecting money to pay for public services and help families and individuals … Read more

Categories Tax