Sole Trader, Partnership or Limited Company?
So you’ve decided you want to be your own boss and work for yourself. Now what? Are you going to be a Sole Trader, Partnership or Limited Company? One of the first decisions to make is how you are going to trade. You can be a sole trader, form a partnership with...
Accounting Terms Explained
Accounting Terms Explained - as accountants, we are often guilty of using a lot of terminologies which makes very little sense to a lot of people. Many clients have expressed a need for a simple guide to accounting terminology so hopefully this will help. Accounts...
What is a profit and loss account?
A profit and loss account shows how your business is performing over a set period. This guide explains what it includes, why it matters and how North Devon Accounts helps business owners use financial data to plan ahead with confidence.