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A lot of fellow entrepreneurs, small business owners, and self employed friends ask me about what I do to keep Ruru Baked financially healthy. These are the three things I often say: 1. Register your business using @Ownr It’s simple, inexpensive, and you can do it online in a few minutes. I used to work in an accounting firm and I knew how time consuming this process can be. 2. Hire an accountant. Unless you’re an accountant yourself, let the pros do it. Handing off tasks that someone else can d
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For those of you who are new here, you won’t know the full backstory of why I decided to become an accountant — and with my exams looming, now feels like the right time. Back in 2022 I started questioning things my accountant (a well-known big firm) had done… and more importantly, what they hadn’t. My balance sheet showed no assets. They hadn’t looked at my accounts for 18 months. They failed to notice I was under the VAT threshold, so I was paying VAT I didn’t even owe — every quarter. They did
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