Accounts payable is a term you might see in your accounting software or hear muttered amongst financial specialists. Ever wondered what it means? This guide shows you all you need…
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They say death and taxes are the only two certainties in the world! And if you’re a registered business, there’s no getting away from paying tax either. Companies paying tax…
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Changes to IR35 tax rules for hundreds of thousands of contractors come into effect from 6 April. And if you work as a contractor for a business, you must make…
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Accountancy software like Xero is a game-changer for many businesses. Helping business owners keep track of daily finances means that you may feel you can do without an accountant. But…
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When submitting your financial details to Companies House, it’s possible you may want to submit ‘abridged accounts’. These accounts reveal fewer disclosures – meaning you can withhold potentially sensitive and confidential…
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Paying employees is important, so you must have your payroll in order. There's more to payroll than working out who gets paid and how much. Crucial tax information and legal…
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After several delays, the Construction Industry Scheme (CIS) VAT reverse charges will be applied from March 1. The measure was due to start in October 2019, but Brexit and Covid-19…
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Management accounts usually include profit and loss information, balance sheet, cash flow statement and a short report. You can put the accounts together yourself, but most businesses use accountants to…
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Business is all about profit, and the goal of any business owner is to make money. However, there are different types of profit and understanding the difference will help you…
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Capital Gains Tax (CGT) rules for house sales changed last April. Developers, landlords and those selling second homes need to be aware or they will face penalties. Anyone selling a…
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