Money, tax and legal

Managing your money is more than just knowing how much you have in your business bank account - proper records are vital for understanding the financial state and cashflow of your business. Records are also an integral part of working out your tax obligations and complying with taxation law.

In addition to keeping proper records its important to understand just what all the financial reports and figures mean in practical terms for your business. A solid understanding of your financial situation is crucial for determining how you should manage the money in your business.

Also important in the day to day managing of a business is knowing your legal rights and obligations, including the legal implications of business contracts. Additionally, you will need to have processes in place for resolving legal disputes and hiring a lawyer, should you require one.

For information on all these topics, click on the link boxes below.