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Income

All money which you receive as a business is income, from fees to shop sales.

Other Employment, Benefits or Income

Although you're self-employed as a consultant, you may also have other forms of income which need to be declared on your tax return.

Retained Earnings

'Retained Earnings' is a term which Slimming World uses to show the balance remaining, when items such as Rent and Nett Fees A (Slimming World...

Group social fund / raffle

Many groups run a small 'members raffle' to raise funds to cover variable costs such as refreshments, taster evenings and award prizes.

Interest on Savings

Most people can earn some interest on their savings without paying any tax.

Transaction Dates – which date to use for your records?

Which date to record when a member pays you at group but the money reaches your bank later in the week.

Knowledge Base Categories

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