Sole Trader V Limited Company

When you are setting up and establishing your own company it can be challenging to know whether you should register as a sole trader or limited company. Here at the Kelvin Partnership, we want to make that decision easier for you by outlining the key differences between a sole trader and a limited company. Liability …

Charity Audits in Scotland

Charity Audits – what are they? A charity audit is when charities have their accounts audited or independently examined according to the appropriate legislation and guidance. An audit is an official inspection of an organisations accounts –in this case for a charity. Why Should You Use a Charity Audit? Firstly, charities (whether they are registered …

What Makes a Good Investment?

Accountants based in the heart of Glasgow’s Westend, The Kelvin Partnership, have this beginner’s guide to investment When making an investment, there are a number of factors you need to consider and here at the Kelvin Partnership we want to help you make the best investment with our helpful investment tips. How Much Do You …

The Difference Between Credit and Debit

In order to effectively track finances, small business should undertake an accounting system or better yet, go to a specialised accounting firm. One of the most important tools in accounting systems is the use of credits and debits. Accountants use these in journal entries to change the amount of money in an account. The type …