Profit vs Cashflow: What’s the Difference?
A business can be making a profit and still be short of cash. That’s usually where the difference between profit and cashflow starts to matter.
Profit tells you whether the business is making money. Cashflow tells you whether there is enough money available when you actually need to pay the bills.
Knowing the difference helps you understand what is really happening in your business.
Limited Company vs Sole Trader: Which Is Better for Your Business?
Not sure whether to stay as a sole trader or set up a limited company?
In this blog post, we look at the practical differences between the two, including tax, liability, admin and what Making Tax Digital now means for sole traders, so you can make the choice that fits your business.