Record keeping can be pretty hectic because another year also means another accounting period. Because of this, financial and accounting records must be kept with due diligence not only by…
Sole Trader or Limited Company: Pros and Cons
In starting your company, the story generally begins in a one-person business structure. You are accountable for managing account management, marketing and anything related to the services you provide to…
Legal Ways to Reduce VAT
Every business aims to be as tax efficient as possible while staying all legal. These small margins can make huge profits and strengthen your cash flow. VAT is tax customers…
6 Costly & Common VAT Mistakes and How to Avoid Them
VAT is an essential procedure for any business, which brings lots of confusion. There are several technical details and lots of wise decision making. As a result, many businesses and…
Difference Between VAT Return and Tax Return in the UK
There are ‘N’ number of things any company has to consider, but tax management is the most crucial one. Successful returns of tax and VAT are important for any company…
5 Benefits of Bank Reconciliation for Your Business
When it comes to accounting and finance management, double-checking your figures is important. This is when bank reconciliation steps in. In this process, you match your business accounts against your…
Benefits of Accounting Outsourcing for your Startup
Did you know accounting outsourcing can be an advantage for your startup? They are professional accountants who can be very resourceful to your startup by handling the financial department. Through…
11 Most Important and Top KPIs for Businesses
KPI or key performance indicators are one of the most important aspects of any business. It clearly implies whether your efforts to flourish the business is working or not! Simply…
List of Tax Deductions that Are Often Overlooked
Clear from the name itself; overlooked tax deductions are the ones that are often forgotten to be included in the annual bill. It’s important for an accountant to go through…
Self-employed vs Employed
Determining employment status can be challenging so we’ve put together this simple comparison to help differentiate between self-employment and employment. It is important to get it right because it will…