Taxable profit is simply the amount of your business income that’s subject to tax, calculated by subtracting your allowable business expenses from your total income.
Pre-registration expenses for VAT are a specific set of expenses you can claim within a certain time period of registering your business. There is some
Making Tax Digital (MTD) is the UK government’s big push to drag tax reporting into the 21st century. Instead of keeping paper records or spreadsheets,
Ever since the start of the coronavirus pandemic, there has been a significant increase in people looking at making tax relief claims due to the
A cash flow statement tells you how much cash is entering and leaving your businesses. Along with balance sheet and income statements, it is one
A government gateway account is an online login that lets you access and manage UK government services. The government gateway account is a secure key
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