Blogs

What is Chart of Accounts (COA)? A Basic Guide

What is Chart of Accounts (COA)? A Basic Guide

Tracking the incomings and outgoings of a business can be trouble, but it is crucial to get a deep insight...
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What is a Limited Liability Partnership? A Basic Guide

What is a Limited Liability Partnership? A Basic Guide

If you want to establish a company, you need to decide what type of company you need to register as...
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What Is Return on Investment or ROI? A Basic Guide

What Is Return on Investment or ROI? A Basic Guide

Before making an investment, you need to look at the returns you're likely to make on it. Will you get...
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What is an Annual Return? How to File it?

What is an Annual Return? How to File it?

If you are a registered company owner or a director in the UK, you are obliged to submit an Annual...
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Things to Consider when Buying a Car Through Limited Company

Things to Consider when Buying a Car Through Limited Company

Considering buying a car through a limited company? At first, it may seem an appealing idea for saving a great...
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PAYE vs Umbrella Company: What’s the Difference?

PAYE vs Umbrella Company: What’s the Difference?

During the Covid crises, or even after the post-pandemic, where many businesses are struggling hard to sustain and revive. Some...
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How Do Uber Drivers Pay Taxes in the UK?

How Do Uber Drivers Pay Taxes in the UK?

Whether you are already working as an Uber driver or you are planning to be one, bear in mind that...
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What is Bookkeeping and Why Does it Matter?

What is Bookkeeping and Why Does it Matter?

No matter you are a freelancer, small business or a large enterprise, there is a common thing among all. They...
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How to do Accounts for Self Employed? A Basic Guide

How to do Accounts for Self Employed? A Basic Guide

As a self-employed or sole trader, you need to set up your accounts and keep track of your income and...
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What are Limited Company Dividends and How are they Taxed?

What are Limited Company Dividends and How are they Taxed?

Limited company dividends are the amount of money/profit that a limited company pays to its shareholders. The amount of money...
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What is Tax Relief? What you can Claim it On?

What is Tax Relief? What you can Claim it On?

Tired of paying too much taxes? Want to minimise your tax burden? Avail tax reliefs! These reliefs can be a...
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How to Check If a Company is VAT Registered?

How to Check If a Company is VAT Registered?

VAT numbers of the businesses are of vital importance. If a company is VAT registered, it'd get a VAT number...
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What is Wealth Management and How Does it Work?

What is Wealth Management and How Does it Work?

Wondering what is wealth management? In simple words, it is a branch of financial services that deals with the financial...
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What is Net-Profit and How to Calculate Net Profit?

What is Net-Profit and How to Calculate Net Profit?

Whether you're an accountant or not, you need to understand what is net profit and how to calculate net profit....
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What is Capital Expenditure – A Basic Guide!

What is Capital Expenditure – A Basic Guide!

A capital term in accounting is an asset that is carried on a company's balance sheet and depreciated over a...
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Cash In Hand Work – How Tax Works On It?

Cash In Hand Work – How Tax Works On It?

Are you thinking of accepting cash in hand work as a payment option? If yes, then you might be wondering about the...
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Classified Balance Sheet – A Basic Guide!

Classified Balance Sheet – A Basic Guide!

The classified balance sheet can be a regular part of your employment if you are working in accounting and are...
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A Guide Based on VAT on Food

A Guide Based on VAT on Food

You may carry out business in the food line, you can be part of a restaurant, cafe, manufacturing company or...
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What Does Going Into Administration Mean?

What Does Going Into Administration Mean?

We have usually heard in the retail industry that a failing business has gone into administration. But when a company...
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How Much Does It Cost To Hire A CPA?

How Much Does It Cost To Hire A CPA?

Every business, regardless of its size, has to keep track of its accounts. Therefore, you need an accountant to manage...
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What is BR Tax Code – A Basic Guide!

What is BR Tax Code – A Basic Guide!

Nearly everyone within the United Kingdom is authorised to a personal allowance that is tax-free. It implies that each year...
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