What does EBITDA actually stand for? The answer is Earnings before Interest, Tax, Depreciation and Amortization. more»

A 13-week cash flow forecast is one of the best tools you can use to spot potential financial problems in your business. All you need is a basic knowledge of using spreadsheets. more»

It’s the balance sheet that summarises the company’s assets, liabilities and the shareholder’s equity at a particular point in time. more»

A third of Britain’s side hustlers have admitted withholding their earnings from HMRC, new research has found, despite the tax office warning of potential financial penalties. more»

Here, Business Advice looks at the difference between revenue and profit – two concepts that both refer to money made by a company, but which are often conflated. more»

From affiliate marketing to video production, here are ten side hustle business ideas that don’t require a big startup investment. more»

Self-employed people are less likely to develop a chronic problem with stress, research has shown. more»

Low-income self-employed workers face being at least £2,000 a year worse off than regular employees with the same earnings under universal credit, according to new analysis of the government's flagship welfare reforms. more»

B&b owners and taxi drivers are among those most likely to under-report taxable income to HMRC, according to new analysis that has suggested as many as six in ten self-assessment tax returns fail to declare the full amount owed. more»

UK residents making a regular income through platforms like Airbnb, eBay and Gumtree have been urged to consider whether they are required to submit self-assessment tax returns to HMRC, or else risk instant financial penalties. more»