Blogs

How to file Micro-Entity Accounts – A Small Guide!

How to file Micro-Entity Accounts – A Small Guide!

If you are a small business, you can file micro-entity accounts to save your money and time. However, if you...
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What is Accounts Receivable & How Do They work!

What is Accounts Receivable & How Do They work!

The management of your accounts receivable (AR) is essential to operate your own business. Several businesses who sell out their goods and...
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What Does Negative Equity Mean? A Basic Guide!

What Does Negative Equity Mean? A Basic Guide!

Negative equity implies that the amount of your property is below the amount you possess on your mortgage. Even though...
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Franchise Advantages and Disadvantages!

Franchise Advantages and Disadvantages!

In order to establish your own business without beginning from scratch, a franchise can be the easiest way. However, you...
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Uniform Tax Rebate – Claim Your Tax Relief Today!

Uniform Tax Rebate – Claim Your Tax Relief Today!

Uniforms are sets of clothing that employees of an organization need to wear at work. Most of us wear a...
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Government Gateway User ID – How to Find it?

Government Gateway User ID – How to Find it?

In order to use the HMRC's digital services, it is mandatory to prove your identity. HMRC will check whether you...
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What is LBTT – A Basic Guide!

What is LBTT – A Basic Guide!

If you are buying a home or property costing above £145,000 in the Scotland, you have to pay LBTT (Land...
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VAT Deregistration – An Ultimate Guide!

VAT Deregistration – An Ultimate Guide!

In the European Union and OECD, the UK has the highest registration threshold for VAT. As per the government's research, the threshold...
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What is Equity? A Basic Guide!

What is Equity? A Basic Guide!

The term "equity" appears on the balance sheet of a company. However, this term is also commonly used in personal...
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Everything You Need To Know About Accountant’s Certificate of Confirmation

Everything You Need To Know About Accountant’s Certificate of Confirmation

If you aim to apply for a five-year route settlement in the UK, then this is the guide that you...
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What is Insolvency – A Basic Guide for Beginners!

What is Insolvency – A Basic Guide for Beginners!

Businesses face numerous financial challenges in today’s rapidly changing global economy, where nothing is predictable. The Covid-19 pandemic has caused...
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4 Financial Planning Tips for Maintaining a High Net Worth

4 Financial Planning Tips for Maintaining a High Net Worth

Financial control provides you with peace of mind and helps you plan for the future. So, to have it, you'll...
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Contracting Umbrella Company – A Guide For Beginners!

Contracting Umbrella Company – A Guide For Beginners!

If you are a self-employed contractor, you can operate through a contracting umbrella company instead of burdening yourself in establishing...
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Tax Code 1257L – A Basic Guide

Tax Code 1257L – A Basic Guide

You are on the UK's most often used tax codes for the tax year (2021-2022) if your payslip shows the...
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Selling, General and Administrative Expenses (SG&A) – A Basic Guide

Selling, General and Administrative Expenses (SG&A) – A Basic Guide

In the United Kingdom, SMEs are essential to the economy. But, unfortunately, every year, many SMEs fail because of cash...
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How to File a Confirmation Statement – A Basic Guide for Beginners

How to File a Confirmation Statement – A Basic Guide for Beginners

Companies House required every limited company to send a confirmation statement (CS) once a year. It is necessary to verify...
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Trading Income Allowance – A Small Guide for Beginners

Trading Income Allowance – A Small Guide for Beginners

If you're a newly self-employed person looking to set up a business, then you may be concerned about the taxes....
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What is the Difference Between Financial Accounting and Managerial Accounting?

What is the Difference Between Financial Accounting and Managerial Accounting?

In financial accounting, accounting data is collected to generate financial statements. On the other hand, the internal accounting procedure that...
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Accrual Basis vs Cash Basis Accounting: Pros and Cons

Accrual Basis vs Cash Basis Accounting: Pros and Cons

Every person's dream is to grow his business and make a name for himself in the business world. Accounting is...
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How to Avoid Emergency Tax – Basic Guide

How to Avoid Emergency Tax – Basic Guide

Your employer will deduct emergency tax from your paycheck if you do not provide complete information of tax at the...
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Tax Implications of Taking Money from a Limited Company for Home Office

Tax Implications of Taking Money from a Limited Company for Home Office

Due to COVID-19, numerous people are shifting towards WFH (work from home). Operating from home is benefiting people in reducing...
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