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Managing the company accounts is rarely at the top of a business owner’s “love to do” list. It can be frustrating and rob you of valuable time that could be spent improving and developing your business. The services of an external accountant are a lifeline for around 91% of small businesses in the UK (source […]

Within the modern day, it is no surprise that more people opt for working as a freelancer or a sole trader, particularly in the context of BOOKKEEPING SERVICES IN UK. The promise of better work-life balance, control over workload, and increased earning potential are large factors contributing to this shift in employment. However, working as […]

Chancellor Jeremy Hunt has delivered the Autumn Statement 2023, announcing tax and rates changes which affect the self-employed, business owners, employees and employers. The updates are rolling out at various stages, though some can be expected to start at the beginning of the new tax year in April 2024. • Business rates • Full expensing […]

Sole trading has emerged as a popular business option in the UK recently. According to statistics, there are 5.6 million private sector businesses, with 3.2 million being sole proprietorships. The number of sole traders is rapidly increasing in the UK. Despite the positive outlook presented by these statistics, the dedication and efforts that sole traders […]

A Self Assessment tax return can look daunting. But if you’re prepared, organised and understand what you’re being asked for, it’s a lot simpler than it looks. Make sure you understand the form so you can file it correctly and avoid paying any penalties. Do I need to fill in a Self Assessment tax return? […]

The UK has a wide range of taxes that all businesses, large or small, are required to pay. These taxes may seem annoying, but they are important and should be taken very seriously. The VAT is one of the most important taxes that a company has to pay. Although it’s a fairly straightforward tax, there are nuances worth examining […]

If you’re thinking of starting your own sole trader business, it can be daunting to set it up in a way that will deliver the best results to you. However, there are solutions for you that will take a huge amount of workload away from managing finances, paperwork and sole trader bookkeeping associated with running […]

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 […]

A professional corporate tax accountant is essential to helping businesses maximize tax savings and deductions. He takes care of corporate tax returns and corporate tax preparation. Also maintaining compliance with applicable tax legislation, and improving their financial planning strategies. This article examines the strategies employed by these experts in the area of corporate tax accounting. […]

It might be difficult to manage your finances and bookkeeping as a lone proprietor. With so many duties to perform, it is essential to have an experienced and dependable accountant at your side. It is to guide you through the challenges of financial management. A competent sole proprietor accountant can optimize the financial health of […]