Salary vs Dividends: How to Pay Yourself as a Business Owner

As a business owner, one of the key things to consider is how you are going to pay yourself. Deciding between paying yourself a salary or receiving dividends can be difficult. There is a common misconception that dividends are always subject to lower tax rates as they are investment income, not ‘earned’ income. However, the […]

When to Hire an Accountant for a Small Business

As a small business owner, you’re likely wondering when to engage a professional accountant. Hiring an accountant for a small business can seem like something to put off, as you may not feel in a comfortable position to start hiring consultants. However, accountants should be one of the earliest professionals you work with as they […]

How Do You Evaluate the Net Worth of a Business?

Evaluating the net worth of a business can be difficult. How you evaluate a business depends entirely on the tangible and intangible assets of the company. There are many reasons to undergo a business valuation. Read our blog to learn more about why you may need a business valuation, how a business is evaluated, and […]

What does it mean to scale your business?

Deciding if you can scale your business can be a challenge. As a business owner, it can be difficult to know what exactly it means to scale your business, and whether or not growth will be sustainable for you. Gallo LLP can provide you with financial insights into your business to know whether or not […]