Accounting, Tax & Money

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Recent Posts About Accounting:

The Benefits of Having Management Accounts Prepared for a Small Business

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Benefits of having management accounts

Management accounts are a secret weapon for small businesses – yet they are only used by a tiny fraction of businesses in the UK. Find out the benefits of having management accounts for your small business. By helping you track, record and report all finances in a personalised way, management accounts are a great way to … Read more

All You Need To Know About How Dividends Work In The UK

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How do dividends work in the UK?

Running your own business and want to extract money in the most tax-efficient way possible? We look at how do dividends work in the UK to help you succeed.

The Ultimate Guide To NIC For Self-Employed In The UK

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The Ultimate Guide To NIC For Self-Employed In The UK

National Insurance Contributions (NIC) can be confusing when self-employed. Find everything you need to know about NIC for self-employed in our ultimate guide.

What Are Business Rates? A Guide For Small Businesses In The UK – 2024 Budget Update 

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What Are Business Rates

Business rates are one of the oldest UK taxes, which apply to all business premises in the UK. Even if you’re working from home, you could be liable for paying business rates on the part of your home which you use for your business – so they are an important aspect to get right.  Make sure … Read more

Accrual vs Cash Accounting: Which One Is Better For Your Business?

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The Difference Between Accrual vs Cash Accounting Explained

As of April 2024, cash accounting will become the default method for self-assessment tax returns in an effort to make the tax process easier.  However, businesses can still choose to opt out of cash accounting and opt for accrual accounting instead. No matter which option is selected, being able to stay on top of your … Read more

The Full Guide About Abridged Accounts & Examples For Your Business

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What Are Abridged Accounts?

As you’ll be more than aware as a business owner, each year, your business has to share its accounts with the Companies House. Although there’s no way to get out of this process as a limited company, there are ways to submit shorter versions of accounts to make this process easier if you’re a small … Read more

Find Out All About Micro-Entity Accounts You Need To Know

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Micro-Entity Accounts Explained

Some small businesses can be classified as micro-entities, allowing them to file simpler accounts – discover what micro-entity accounts are and more here.