An accrual is income earned or expenses incurred that haven’t yet been received or paid. In accounting, it ensures financial records reflect actual business activities,
How and when to report your dividends in tax return? Many limited company directors get confused when dividend income seems to fall across two different
So, you’re looking into different allowances and government schemes, and you run into employment allowance. What is employment allowance? In simple terms: Employment Allowance is
Selling to EU from UK has changed quite a bit after Brexit. UK businesses are no longer part of the EU’s single market and customs
Since the UK left the EU, importing goods from Europe has become more complex. If you’re bringing goods into the UK from the EU, the
A business is required to register for VAT, if they match one of the compulsory registration criteria. It is also possible to register with turnover
More freelancers in the UK are asking the same question: Is it time to incorporate? It’s a fair one. Working for yourself has never been
Management accounts are financial reports produced for the business owners and managers. The reports help them track their company’s performance. The management accounts typically include
When becoming VAT-registered, there are different methods you can adopt for working out your VAT. Each come with their advantages and disadvantages. Two of the
Reverse Charge VAT is a tax rule that shifts the responsibility of reporting VAT from the supplier to the buyer. When a business sells goods
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