Finances

This lecture informed us about finances in a business. Businesses didn't always use money for trade, in the past they used to trade their merch for other items of equal value called as Barter. Shortly after the trade was changed to tokens until money finally came to play.

Taxation issues:

Income Tax Bands:

  £10,600   - £31,785  20%

  £31,786   - £150,000  40%

  £150,000 +  45%

National Insurance:

  Employee earning over £155pw  12%

  Self employed with profit over £5965 pa.  2%