Freelancers, as opposed to contractors in certain situations, may have signed a contract restricting them from working on more than one project or client and can work on many projects…

Accountants work on more than just tax returns. They may perform an in-depth analysis of your finances and produce a prediction for the entire year to maintain the health and…

A chart of accounts is a small business accounting tool used to arrange the crucial accounts that go into making the financial statements for your company. Your chart of accounts…

A limited company tends to be correlated to sole traders by a few, but you will be surprised that they are two different types of ownership. A limited company can…

Whenever we talk about tax, some individuals may automatically think about the rich and the industrial businesses. However, today, we will be tackling creative industry tax reliefs and how is…

It is impossible that there are no Trade Debtors and Trade Creditors in every business. They are actually part and always be part of every business operation. In every business…

Starting your own business doesn’t require you to be a whiz when it comes to taxes. However, understanding filing hacks and tax relief a self-employed individual could take advantage of…

In April 2023, Her Majesty’s Revenue and Customs or HMRC will introduce two new penalties for individuals or companies who make late submissions and pay taxes. Similarly, they’ll be applicable…

Bookkeeping is the process of keeping track of your company’s financial transactions, so you know the inflows and outflows of your resources. It is a way for business owners to…

National Insurance is a particular tax paid by most workers from the United Kingdom (UK). Curious about it? Keep scrolling and read on to learn more about how National Insurance…