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Self-Assessment is the system that was created by HM Revenue & Customs (HMRC) to ensure the correct amount of tax is collected for a tax year. You should therefore check each year whether you need to submit a self-assessment tax return. How can I determine if I need to file a tax return? The concept […]

Value-Added Tax (or VAT): What You Need to Know “Value Added Tax” (more commonly shortened to “VAT”) refers to a type of consumption tax calculated by the amount of value added to goods and services during their lifetime. The value-added tax is known by several other names, but most people just call it VAT. Whereas […]

Every minute matters in the hectic world of managing a small business because of how quickly things move. When not handled correctly, processing payroll may be a time-consuming and error-prone activity. Even though it is an essential component of successfully running a business. Accuracy and Compliance, Section Errors in payroll processing can be quite expensive. […]