Accountants

What Are Abridged Accounts

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 small companies with a low turnover, filing an abridged account is the best choice. These accounts contain fewer details but fulfil the compliance requirement of Companies House and HMRC. When filing an abridged account, you …

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what is cis

What is CIS (Construction Industry Scheme)? An Overview

Want to know what is CIS (Construction Industry Scheme), who needs to register as a contractor or subcontractor, what work does CIS cover, what are its exceptions and how to register for CIS. Whether you’re a contractor or a subcontractor, you should know all these points. So, read this post to find out!   What …

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external audit

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 that determine whether the company is operationally sound or not. External and internal auditors function differently, but it’s better to focus on getting external audits for start-ups and small businesses since it offers a bias-free …

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Dividends Vs Salary

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 a stable job or running a business. The income you receive from your employment is crucial to buying what you want, paying your bills, and sustaining your needs.  Depending on your expertise and skills, you …

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What are Statutory Accounts

What are Statutory Accounts and What’s Included in Them?

Want to know what are statutory accounts? Who needs them? What is included in statutory accounts? When to file them? Do small businesses need to file them? Can you prepare them by yourself and so on. Read on this post till the end to get all your answers. Cheap Accountants In London provides a comprehensive …

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profit and loss statement

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 loss statement is one of them that provides a clear view of your income and expenses over a certain period of time. This statement points out the areas where your business is excelling. Along with …

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Outsourced Accountant

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 unenjoyable and challenging experience. It’s one of the most complicated business processes you will ever face.   Managing your business’s numbers and adhering to set standards set by the HMRC is frustrating, prone to errors, …

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what is assurance in accounting

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 that is usually done by a third party to validate the information of financial statements. Wondering what is assurance in accounting? It is the process of analyzing different processes, controls and operations of a company. …

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cash cushion

Cash Cushions – How Much You Should Have and How To Build It

Because of the COVID-19 pandemic, most are now convinced that they need to build a rainy day fund to keep them protected and secure, especially when the unexpected happens again. Besides having a rainy day fund for yourself, it’s also essential to have one for your business as well.  Setting aside extra money or a …

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Change your accountant during a financial year

Can You Change Your Accountant during a Financial Year

After what can be described as a tough year, it’s clear that there’s no better time to revisit the fundamentals of running a business to guarantee your company’s recovery than today.  With the British economy diving head-first into its recovery process and doing everything to support businesses looking to bounce back, it’s clear that the …

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Social Media

How to Combine Social Media with Other Forms of Marketing

Consolidating social media and marketing is an extraordinary method to support your marketing potential.  Utilizing both of these channels on their own makes for a powerful advertising technique. However, on the off chance that you consolidate the two, you will intensify the qualities of each while lessening their shortcomings. Social media ought not to be …

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How to Grow a Business

How to Grow a Business | 6 Amazing Tips to Help your Business Grow

Every business needs revenue for exponential growth. The right financing is really important. To look for new markets and the development of new products demand a lot of capital. All you’ve got to do is rely solely on banks and will burden you with unnecessary debts and interests. Here are the 6 amazing tips about …

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Small Business Accountants

Why Small Businesses Need an Accountant & How to Find the Right One

Running a small business in the UK’s dense start-up industry is an endeavor that is indeed as challenging as it is fulfilling. You’ll always need the support of small business accountants. From trying to get things rolling with new marketing strategies to getting all the supplies in order, you can’t overlook any aspects. Other aspects …

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