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FAQ

As a business owner, what online/offline templates would you benefit from having (e.g. a template to fill out and send invoices, business plan templates, etc.)?
One awesome highlight of ZipBooks‡ invoice templates is that you can save default settings like your notes and payment terms for your invoices once you nail down the details of what exactly should be on your invoice. Using ZipBooks for your invoice means never sending off an invoice without your own company information on it (oops!). They actually score your invoice based on what information you include and so you'll be able to leverage the data we've collected from tens of thousands of invoices on what things are important to get you paid faster.Here are a couple tips on things that you will get you paid faster and should definitely be included on your invoice:Company logo: This is part of the invoice template that we prfor you. You'll save a company logo under company settings and you'll never have to think about whether your invoice template header looks good again.Notes: Thanking a customer for their business will always make you stand out in a crowd and leverages the psychological principle of reciprocity so that you get paid faster. Lots of studies show that including a thank you note gets you paid faster. I think that would especially be true when someone is getting a big bill for legal services.Invoice payment terms: Another great free feature of ZipBooks invoice templates for legal services (and anyone else who used our invoice templates for that matter) is that when you put terms into an invoice, we automatically detected it and set a due date for you. If you don't set terms, we assume that the invoice will be due in 14 days. This is the due date that we use to drive the late payment reminder and to display the number of days that a invoice has been outstanding in the AR aging report. If you don't want to set the invoice payment terms every time, you can set it up once under Account Preferences in the ZipBooks app. Pretty neat, right?Customer information: This one might seem pretty straightforward but it should always be on the list of "must haves" when thinking about what you should put on your invoice.Detailed description of bill: ZipBooks' invoice template lends itself to the ability to show a detailed account of everything that you have charged since you last sent an invoice. You can do that by manually entering the invoice details or you can use the time tracker to automatically pull in billable activity once you are ready to send the next invoice for your legal services.
What amount of work (filling in forms, meeting minutes, etc.) is needed to form a limited company in the UK?
I started a limited company when I was 16, not having any idea about the technicalities of setting one up, such as the financial figures and tax etc.I went through the Companies House, which is the official government website for setting a ltd company up (it takes 48 hours for the paperwork to be processed)So the actual filling in of the paperwork and the application details was extremely straightforward. All you need to know are the following:Company name and addressOfficer details - this is you (if you're the founding director) and your company secretaryShare capital and shareholder detailsThis took me around 45 minutes to fully complete, with the majority of this time being spent on trying to get other shareholder information (which you need in place of a signature.)Setting up for tax is a slightly different matter, but is also very straight forward through the relevant government website.So in summary.It takes between 45 - 60 minutesThe paperwork is easyIt costs £15 as opposed to the extortionate price that a company would charge to 'help' you set it upHope this helps!
As a professional in the fashion industry, which ITR form do I need to fill out?
As a professional in fashion industryif you are providing services as professional on your own then your income will be assessable under income under the head business and profession and hence you are required to file ITR 4 before 31st July and for the current AY 5th augustHowever if your income is more than 25 lacs then you are required to file tax audit report under which case your due date of filling will be 30th septHowever if you are providing services in fashion industry under employment and you are not having any other income other than salary then file ITR 2Hope this will be sufficient
Ten pipes through which water flows through at the same rate can fill a tank in 28 minutes. If three pipes go out of order, how long will the remaining pipes take to fill the tank?
If all other factors remain identical then seven of ten pipes fill the empty tank in 10/7 X 28 minutes = 40 minutes.