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Accounts and Accounting

Accountancy advice tailored for small businesses

Accountancy is one of the most important areas of business. Every SME owner needs to have their finances in excellent shape – disorganized or inaccurate figures could harm business and impact the bottom line. Why not browse through articles in this section to polish up your knowledge on topics ranging from tax returns abd PAYE, to accountancy software and budgeting?

Business ​Debt and Insolvency, and Tax

Business ​Debt and Insolvency, and Tax

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Business ​Debt and Insolvency, and Tax

There are agreements you can sort with HMRC in the event of insolvency, debt, or unpaid invoices. We review some of these options including bad debt relief

How to Transfer Your Business Assets

How to Transfer Your Business Assets

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How to Transfer Your Business Assets

We take a look at how to transfer business assets, and the reasons why you need to ensure you seek professional guidance when doing so

Appealing a VAT Penalty

Appealing a VAT Penalty

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Appealing a VAT Penalty

Appealing against a VAT penalty from HMRC means following the guidelines relating to an indirect tax appeal. This article outlines the appeals process.

Claiming Startup Expenses

Claiming Startup Expenses

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Claiming Startup Expenses

Got your startup up and running? Did you know that there are ways that you can reclaim the expenses of starting your business? Here's how...

HMRC Penalties for Self-Employed Workers

HMRC Penalties for Self-Employed Workers

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HMRC Penalties for Self-Employed Workers

Tax rules on using self-employed workers have been tightened. Make sure you understand who's responsible for tax and NI if you have self-employed workers

Here’s What to do When You’re Not Making a Profit

Here’s What to do When You’re Not Making a Profit

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Here’s What to do When You’re Not Making a Profit

Don't panic if you stop making a profit. It happens to every business at some point, and by following these simple steps you can quickly turn things around

When Will Your Startup Start Making a Profit?

When Will Your Startup Start Making a Profit?

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When Will Your Startup Start Making a Profit?

It can take years to be profitable, but it doesn't mean you're a failure. Looking for positive signs and planning certainly helps.

Are Pay Slips Compulsory?

Are Pay Slips Compulsory?

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Are Pay Slips Compulsory?

It's Pay Day, so where do you stand legally on your current processes? By not providing a pay slip are you breaking the law? Here are the facts...

Mastering the Basics of Financial Management

Mastering the Basics of Financial Management

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Mastering the Basics of Financial Management

There isn't one route to mastering financial management, so we share a few different avenues for expanding your financial know-how including online courses

The Basics of PAYE

The Basics of PAYE

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The Basics of PAYE

PAYE is compulsory for most UK businesses, so it's vital for employers to get it right. We cover the basics of PAYE, including who needs to use it and how

How to Treat Customer Discounts in Your Bookkeeping

How to Treat Customer Discounts in Your Bookkeeping

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How to Treat Customer Discounts in Your Bookkeeping

Whether you're offering discounts to get rid of stock, attract new customers or launch a reward scheme, make sure you record the figures accurately.

Employee Salaries: Standard Rates

Employee Salaries: Standard Rates

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Employee Salaries: Standard Rates

Salaries are such an important factor in keeping your employees motivated. But just how should you work out what to pay your staff?

Tax Payments and Closing a Company - Quick Tips

Tax Payments and Closing a Company - Quick Tips

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Tax Payments and Closing a Company - Quick Tips

Even when winding down a business, there are taxes you are still expected to pay. Get our top tips on handling taxes and HMRC when you're closing a company

Tangible Fixed Assets vs Intangible Assets

Tangible Fixed Assets vs Intangible Assets

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Tangible Fixed Assets vs Intangible Assets

Read our quick introductory guide to the differences between tangible fixed assets and intangible assets, and how this affects filing your annual accounts