Welcome to Business Wales

This webinar takes you through the market research process, helps you identify the questions you need answers to, explains where to get information and which techniques to use and shows you how to use your findings to make better decisions.

This webinar aims to provide information to support you with personal and capital allowances, simple tax and NI calculations and self-assessment. We answer the question “Why is bookkeeping important?”, and how to keep records to ensure you have control of your business transactions. This is a practical workshop and enables you to feel confident and understand the reasons why tax and good bookkeeping are essential and sound business practice. This webinar will also look at the key elements of running the money side of your business. It introduces the basic financial statements, shows you how a Profit and Loss Account and balance sheet are put together and explains cash-flow statements. In short, it helps you understand enough of the detail to take control of your business.

Kicking off with a quick introduction to Big Ideas Wales and the services we offer, join us to explore what self-employment looks like and let us dispel those common myths and assumptions that often surround starting your own business.