Blogs

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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What is Taxpayer Identification Number (TIN) ?

What is Taxpayer Identification Number (TIN) ?

A taxpayer identification number (TIN) is a combination of unique characters, provided by the tax authorities to individuals and entities...
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Getting Security Clearance as a UK Contractor

Getting Security Clearance as a UK Contractor

As a UK contractor, you might need security clearance before working with any private or public organization. As many of...
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What Is Audit & Assurance In Accounting? A Guide

What Is Audit & Assurance In Accounting? A Guide

In accounting, audit generally refers to the audit of a financial statement or the inspection of various books of accounts...
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What is Return on Assets? How to Calculate and Use it?

What is Return on Assets? How to Calculate and Use it?

Return on Assets is a metric to measure the business profit in relation to its total assets. It indicates how...
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Top Crowdfunding Platforms for Businesses

Top Crowdfunding Platforms for Businesses

Raising capital for your business is a crucial step for the growth of your business. As, you have invested your...
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5 Reasons to Audit Your Financial Statements

5 Reasons to Audit Your Financial Statements

Ensuring you get all your figures right in a financial statement is incredibly important for complying with tax regulations. Any...
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An Overview of Double Entry Bookkeeping

An Overview of Double Entry Bookkeeping

Double-entry bookkeeping is an accounting system in which transactions are equally recorded in two or more than two accounts. You...
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Few Strategies for a Strong Business Relaunch in 2021

Few Strategies for a Strong Business Relaunch in 2021

The COVID-19 pandemic has been a process of starting over. There was a succession of lockdown orders that forced businesses...
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Benefits of Internal Auditing

Benefits of Internal Auditing

Internal auditing will help you find out whether your business has achieved its core business goal or not. Effective internal...
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Understanding the R&D Tax Relief Scheme for SMEs in 2021

Understanding the R&D Tax Relief Scheme for SMEs in 2021

The Research and Development Tax Relief or R&D Tax was instituted for the progression of society and technology. This tax...
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What are the Differences between Revenue and Income?

What are the Differences between Revenue and Income?

"Are revenue and income the same?" You might be the one asking this question if you don't know about these...
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