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VAT is a common topic for businesses and entrepreneurs across Europe, but it’s not always easy to know where to turn when you need help or advice. If you want to learn more about how VAT works, this article will help you with 4 common VAT questions and how to answer them. 4 Commonly Asked…Read More
Wondering how to file your tax return? Read this guide for simple steps. Do you need to file a tax return? Before going through the process, let us settle a rudimentary question made by all, do you need to file one? Taxes are generally deducted from wages and pensions automatically at source for employees and…Read More
If you’re an employer, it’s important to be on top of your payroll. The last thing you want is to be faced with tax penalties or even prosecution for non-compliance. Here are the most common mistakes made when it comes to paying your employees. Mistakes in payroll documentation Payrolls should be accompanied by documentation that…Read More
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
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. Stamp duty holiday This reduction in taxation was…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