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
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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
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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
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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,
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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
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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
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Dividends Vs Salary – Advantages and Disadvantages Explained
For people who wish to live comfortably every day, they need to have adequate money, which they can obtain from
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What is Profit and Loss Statement and Why is it Important?
There are three important statutory accounts that are needed to analyse the financial health of your business. The profit and
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HMRC Voluntary Disclosure – Your Guide to HMRC Voluntary Disclosure
Managing your business’s finances can be extremely difficult, and there are numerous opportunities to make inadvertent tax report errors. Business
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What are Dividends and How Often you Pay Limited Company Dividends?
If you are a business owner operating on the structure of being a limited company, tax efficiency is one of
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What Causes HMRC Tax Investigations Against Self Employed?
Taxes are a bane of many taxpayers’ existence, but filing the right documents is never as straightforward as it seems.
What Causes HMRC Tax Investigations Against Self Employed? Read More »
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?
Struggling to know what is a unique taxpayer reference (UTR) number? Who needs this number? What it is for and
What is a Unique Taxpayer Reference (UTR) Number and How to Get One? Read More »
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
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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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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