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Money is a part of every business in some way. Every company has income and expenses that must be reported and cash flow that must be managed. Every company, from small companies to large corporations, must manage these things. Technology advances and automation of processes may be causing the accountancy industry to decline, according to…Read More
People often get frustrated by tax documents because they are complex and confusing. The tax laws do more than just add up your income and determine if you were taxed by the right percentage; they also include deductions and additions for specific actions. Work-related expenses, like rent or gas mileage, can be deducted by self-employed…Read More
You are probably not the only one confused about the difference between accounting and bookkeeping. Corporate practice and daily transactions have muddled the nuance between the two. When it comes to financial matters, we tend to shy away from them because of their technical and jargonistic language, making it hard to understand much less give…Read More
As a small or medium business owner, you’ve created a successful model based on your competency and structure through delivering the products or services you went into business to sell. You are ready to grow your business enterprise but lack the accounting or financial experience to make an informed decision on your next step. You…Read More
Are you dealing with financial troubles? Is your company having issues with taxes? It may be time to consider hiring an accountant to help you. Learn more about what accountants are and how they can help you, your business and everything financial that goes on. Hire a certified accountant today with Nigel Butler. Call us…Read More
What is meant by Bookkeeping in accounting terms? Bookkeeping involves the documentation of a company’s financial dealings into their finances, fees or charges carried out daily. It may also refer to the various recording and reporting techniques that a business uses. As well being a legal requirement, keeping your financial records updated, can help you…Read More
A lot of companies are now outsourcing their accounting because of the numerous benefits it can bring. There are many types of accounting but today, we’ll talk about the main types you should be familiar with, as well as the various accounting services that you might need. Governmental Accounting. This is the type of accounting…Read More
Before the end of 2020, the UK and the European Union successfully conquered the Trade and Cooperation Agreement. Although this is a major milestone in our effort to split from the EU, Brexit has left us with several issues that we need to be concerned with, particularly in the financial services sector, a sector of…Read More
When the COVID-19 pandemic started, we never expected it to hit us so hard that our normal way of living would be so drastically changed. And, just as expected, our economy has been affected so much that the Government has made major efforts to stimulate its growth. Almost every industry has been experiencing a major…Read More
As the entire nation is easing itself to a new phase in this unprecedented time, to some entrepreneurs there is a slight silver lining amidst the hullabaloo: they may be able to gain access to financial aid to help to boost their business in the upcoming months. The UK Treasury has recently announced an extension…Read More
As a business owner, you cannot deny the importance of bookkeeping and accounting. It is your legal obligation. It is something that needs to be done within your company or outsourced to a reliable accounting firm. There are also other types of accounting. Some are designed to meet your legal obligations while others are designed…Read More
We live in a modern world filled with constant advances in technology. What used to be done manually can now be efficiently carried out online: many individuals and businesses prefer banking, bills payment and negotiating deals with customers or suppliers using the internet. This is a benefit of digitalisation and many people have come to…Read More
For most of us, bookkeeping is something that we do not want to pay attention to until the due date is near. Delaying this important task can lead to severe ramifications. If you are an entrepreneur, you need to track your income and expenses. This is the very reason why you need to pay attention…Read More
We are all required to pay taxes. It is part of our obligations as a citizen of the UK. Since 2019, paying taxes and filing VAT return has gone digital. It is a compulsory system initiated by our government requiring VAT payments to be made online. This is beneficial for individuals and companies who outsource…Read More
There are the things that you want to buy, and the things that you need to buy – the key is getting the right balance. Many of us in the UK aren’t great at spending wisely and end up struggling with money as a result. Here are some tips on how you can improve your…Read More