Blogs

What are Dividends and How Often Can You Take Dividends from Limited Company?

What are Dividends and How Often Can You Take Dividends from Limited Company?

If you are a business owner operating on the structure of being a limited company, tax efficiency is one of...
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HMRC Tax Investigation – What Triggers Them to Investigate the Self-Employed?

HMRC Tax Investigation – What Triggers Them to Investigate the Self-Employed?

Taxes are a bane of many taxpayers’ existence, but filing the right documents is never as straightforward as it seems....
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Correcting VAT Errors on a Return Already Submitted

Correcting VAT Errors on a Return Already Submitted

While submitting your VAT returns, mistakes can occur. Whether it's missing an important entry or adding a wrong figure. And...
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What is a Unique Taxpayer Reference (UTR) Number and How to Get One?

What is a Unique Taxpayer Reference (UTR) Number and How to Get One?

Struggling to know what is a unique taxpayer reference (UTR) number? Who needs this number? What it is for and...
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How to Value your Business?  Methods of Valuation

How to Value your Business? Methods of Valuation

Calculating the worth of your business is crucial to determine its financial health and to make important decisions. Whether you're...
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What Can Outsourced Accountants Do for Your Limited Company

What Can Outsourced Accountants Do for Your Limited Company

For any kind of decision-maker, business owner, or company director, it’s common knowledge that overseeing accounts and taxes is an...
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What is the Asset Turnover Ratio? Formula, Importance…

What is the Asset Turnover Ratio? Formula, Importance…

Are you taking the maximum advantage out of your business assets? Is your turnover increasing against the investment of your...
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How to Determine the Depreciation Rates on Fixed Assets

How to Determine the Depreciation Rates on Fixed Assets

Calculating the depreciation of fixed assets has paramount importance to business owners. You can calculate the depreciation of assets in...
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Tax Rules for Landlords – What To Know When Renting Out a Property

Tax Rules for Landlords – What To Know When Renting Out a Property

Almost everyone pays taxes—as a citizen of this country, you’re expected to fulfil this responsibility so that you can enjoy...
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Setting up a Limited Company – What are the Memorandum and Articles of Association?

Setting up a Limited Company – What are the Memorandum and Articles of Association?

If you're in the process of setting up a limited company, you'd get a plethora of paperwork. Along with other...
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How Much does Public Liability Insurance Cost?

How Much does Public Liability Insurance Cost?

In business, accidents are unavoidable especially if you are dealing directly with the public. Thanks to public liability insurance that...
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Incremental Budgeting: Advantages & Disadvantages

Incremental Budgeting: Advantages & Disadvantages

Budgeting is crucial for business management. Along with determining the operational profitability of a business by forecasting income and expenditures,...
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How to Pay Quickbooks invoice? A Quick Guide

How to Pay Quickbooks invoice? A Quick Guide

Find out what is an invoice payment, how to pay QuickBooks invoice on time with different payment methods.   Quickbooks...
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3 Key Accounting Practices Freelancers and Start-Ups Should Use

3 Key Accounting Practices Freelancers and Start-Ups Should Use

To any small business owner or freelancer, venturing into the ever-growing UK business landscape is both a fulfilling and intimidating...
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How to Improve Return on Capital Employed (ROCE)?

How to Improve Return on Capital Employed (ROCE)?

Return on capital employed (ROCE) is a profit ratio to measure and gauge the financial productivity of a business. This...
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Understanding Invoices – Why Businesses Must Keep Copies

Understanding Invoices – Why Businesses Must Keep Copies

Invoices are necessary for any organisation that transacts with other entities. It serves as a record of sale that verifies...
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How the 2021 Budget Affects Your Small Business _ A Guide

How the 2021 Budget Affects Your Small Business _ A Guide

The government releases the Budget statement yearly to outline the local economy’s status. It also plots out where the money...
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Beginners Guide: How to use QuickBooks?

Beginners Guide: How to use QuickBooks?

In this blog, you will learn how to use QuickBooks and what benefits QuickBooks have that you are missing in...
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Second Job Tax: How Much Tax Do I Need to Pay?

Second Job Tax: How Much Tax Do I Need to Pay?

Currently, there are over 1.1m people who are working for a second job in the UK (ONS Data). If you're...
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Fiduciary Responsibilities of Trustees

Fiduciary Responsibilities of Trustees

Trustees have a lot of responsibilities to hold. They control, administer and keep a property or assets for the benefit...
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What Is a Tax Gross up for Payroll?

What Is a Tax Gross up for Payroll?

As an employer, whenever you pay a certain amount to your employee after working out the taxes, the payment might...
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