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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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
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!
If you are a self-employed contractor, you can operate through a contracting umbrella company instead of burdening yourself in establishing
Contracting Umbrella Company – A Guide For Beginners! Read More »
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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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?
In financial accounting, accounting data is collected to generate financial statements. On the other hand, the internal accounting procedure that
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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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How Overdraft Works? Types, Limit, Cost
If you are looking for a significant source to know what an overdraft is, how overdraft works, its types and
How Overdraft Works? Types, Limit, Cost Read More »
What are Company Accounts? Cash Flow Statement, P&L Statement and Balance Sheet
Understanding company accounts is crucial if you have just started your own business or are already in a business. If
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How Do I Register as a Sole Trader? – Basic Guide
It is a fact that there are many benefits of establishing your own business. That’s where the sole proprietorship, the
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What is Professional Indemnity Insurance? – Basic Guide
Mistakes are unavoidable in life. However, in the business world, a minor blunder might lose you a lot of money.
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What Capital Allowance Can I Claim?
If you own a business property, capital allowances are a great source of tax relief. You can claim it regardless
What Capital Allowance Can I Claim? Read More »
Limited Company: Advantages and Disadvantages
Establishing a limited company is one of the popular ways to set up a business in the UK. According to
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What is Net Pay? Net Pay Vs Gross Pay – Definitions & Formulas
Do you know what’s being deducted from your annual salary and what is progressing to be your take-home pay? So,
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What are Abridged Accounts? A Basic Guide
Business owners have different options available to file their company’s account: full, micro-entity, dormant and abridged accounts. For startups and
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Difference Between Zero-Rated Vat Items and Exempt Supplies
If your company is bringing out zero rated VAT items, why not enroll for VAT and claim back the charge
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How to Pay Yourself from a Limited Company?
There are a lot of benefits for operating a limited company. From limited liability to various tax benefits attract many
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What is Share Capital and How it Works?
If you’re thinking to set up your enterprise as a limited company (or you have already set up), you must
What is Share Capital and How it Works? Read More »
4 Tax Tips Every Responsible Business Owner Should Know
Starting a small business is hard enough with all the challenges a startup has to face in its first few
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What is a Dormant Company? A Guide for Small Businesses
Many people mistakenly believe that a dormant company is a company that has shut down or closed. But this is
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Free Accounting Software for UK Small Business in 2021
An accountancy computer program can run your trade faster, easier, and simpler. Luckily there are a few incredible free accounting
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Tax Saving Tips for Landlords – Basic Guide
Property costs proceed to surge over distinctive cities and locales within the country; that is why landlord businesses are shared
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How to Read a Balance Sheet of a UK Company?
If you’re a business owner or an investor in the UK, you should understand how to read a balance sheet
How to Read a Balance Sheet of a UK Company? Read More »
Why Small Businesses Should Get External Audits
The term ‘audit’ can make any business owner feel worried about their financial health since these are forms of examinations
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How to Avoid Capital Gains Tax on Gifts? – Gifting Property
While gifting property to someone, you’ll need to pay the Capital Gains Tax(CGT) on gifts if the value of the
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6 Main Types Of Tax To Pay In The UK – Taxation Guide
HM Revenue & Customs is responsible for managing taxes in the United Kingdom. The main types of taxes are Income
6 Main Types Of Tax To Pay In The UK – Taxation Guide Read More »
Tax Allowable Expenses – A Guide to Self-Employed Persons!
Self-employed expenses can be deducted from the business turnover to calculate the overall tax required to pay every year. However,
Tax Allowable Expenses – A Guide to Self-Employed Persons! Read More »
What Makes a Good Accountant?
Choosing a skilled accountant is one of the major decisions business owners have to make. Being enthusiastic about a financial
What Makes a Good Accountant? Read More »
3 Tax Breaks Small Enterprises can Take
As an owner of a small enterprise, you are required to pay several taxes according to the performance of your
3 Tax Breaks Small Enterprises can Take Read More »