Tips And Advice

ALL THE INFORMATION YOU NEED TO GET STARTED

Information is always key and having the right information is what we are all about. You’ll find below a selection of the latest business and tax information that you should be aware of as well as helpful advice to get you started. Please contact us if you have any questions.

Accounting

The 15-Minute Financial Workout:

Quick Exercises to Keep Your Business Financially Fit and Agile Welcome, financial fitness enthusiasts! In the dynamic world of business, maintaining peak financial health is not just a goal; it’s a continual effort. Today, we’re excited to guide you through a comprehensive series of quick and impactful exercises designed to keep your business in top-notch

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Tax

Tax Tale: The Untold Financial Benefits of Golf Networking Dinners

Golf, often hailed as the sport of business, goes beyond the greens when it comes to networking. In this tax tale, we unravel the untold financial benefits hidden within the world of golf networking dinners. The Common Perception For many, a golf networking dinner might seem like a pleasant but straightforward social event. However, beneath

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Tax

Myth Busted: Separating Fact from Fiction in Golf and Tax Savings

Golf enthusiasts, listen up! It’s time to debunk some common myths surrounding golf and tax savings. Let’s swing into action and explore the truth behind these misconceptions. Myth 1: Playing Golf with Clients Automatically Qualifies as a Business Expense The Reality: While enjoying a round of golf with clients can indeed be a valuable business

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Bookkeeping for small business
Accounting

Introduction to Tax Planning?

Why tax planning is crucial for businesses and individuals? Tax planning is a strategic process aimed at minimizing the tax liability for businesses and individuals while remaining compliant with tax laws and regulations. It involves making informed financial decisions to optimize the allocation of resources, investments, and expenses in a way that reduces the overall

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Accounting

What is “blockchain accounting,” and how does it work?

Blockchain accounting refers to the application of blockchain technology to the field of accounting and financial record-keeping. Blockchain is a distributed ledger technology that records transactions across a network of computers in a secure, transparent, and tamper-resistant manner. It has the potential to revolutionize accounting by providing a decentralized and trustless system for recording and

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QuickBooks accounting software
Accounting

Why QuickBooks?

Businesses must have visibility into their income and expenses. Accounting software is a tool that facilitates this process. When choosing accounting software, it is essential to evaluate different options based on features, pricing, and reviews and consider their pros and cons. This article will discuss only some of the available accounting software. Instead, this guide

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Importance of Accounting
Accounting

What Is Accounting and Why It’s Important?

While you might be smart and intelligent to start a small business, it doesn’t mean you’re a finance expert. Understanding accounting is crucial if you run a business of any kind, as it can save you a lot of time and money in the long term. It does not matter if you like crunching numbers

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Work-from-home tax considerations
Tax

Tax for Working from Home

When employees have to work from home, their expenses often increase as they use their heating, electricity, and internet. Therefore, if you had a legal obligation to work from home during the COVID-19 pandemic, you might be eligible for some tax relief. In this article, we explore the tax for working from home and take

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Important tax tips
Tax

Tax Tips for Small Business Owners

Small business owners have several tasks to take care of, including creating a business plan, handling legal and compliance responsibilities, managing marketing and sales, and much more. Thus, it’s no surprise they often miss tax deadlines or lose the financial data required to submit their returns.  One thing that can prepare you for tax season

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Understanding small business taxes
Client

A Guide to Small Business Taxes

When you run your own business, it’s a given that you have to pay some tax at some point in time. However, with so many complex rules in the UK, it can be challenging to figure out which ones apply to you or your business and what kinds of tax you will have to pay

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Accounting standards used in the UK
Accounting

What Are the Accounting Standards Used in the UK?

There is a need for uniformity in organisation tasks, particularly those that have to do with accounting. To attain this consistency, professional organisations have created standards businesses must follow. Nevertheless, these standards usually have a level of disparity depending on the country in which they were established. In this article, we look at accounting standards

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