Mixing business and personal finances is one of the most common — and costly — mistakes small business owners make. It might seem convenient at first, but it can lead to confusion, compliance risks, and tax troubles later on. Here’s why separation is key: ✅ Simpler bookkeeping:  You’ll know exactly what belongs to the business and what doesn’t. ✅ Easier tax filing:  No more sifting through personal expenses during tax season. ✅ Better financial insight:  You can clearly see h

If you’re starting a new business or considering restructuring, one of the first big decisions is how to trade  — as a sole trader  or a limited company . Each has benefits and drawbacks, and the right choice depends on your goals, income level, and risk appetite. Let’s break it down 👇 ⚖️ Sole Trader ✅ Pros: Simple setup  – You can start trading immediately, with minimal admin. Lower costs  – Fewer filing and accounting requirements. Full control  – You make all decisions an

If you run a limited company, you’ve got flexibility in how you take money out. The two main ways are salary  and dividends , and the...