Accounting Issues

Trading income allowance

Here’s All you Need to Know About Trading Income Allowance 

Lockdown restrictions have forced many businesses to close down permanently.  If you’re ready to sell off your clothes on sites like eBay and Depop, know that it’s an excellent opportunity for you to raise some cash in difficult times. Here are some Trading Income Allowance and associated tax implications you need to tell HMRC about.  […]

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Deregistration from VAT

Here’s your Guide to Deregistering from VAT

Because of the Covid-19 crisis, numerous organizations are encounter no or diminished turnover. Most of the time, the business is VAT-enrolled, and a few proprietors are finding out if they can now deregister. What are the principles to go about that? Is it generally fitting to do as such? There can be various thought processes

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SDLT Tax

Beat the Deadline to Avail Stamp Duty Land Tax Increased Threshold Opportunity

The Residential Stamp Duty Land Tax (SDLT tax) saw an increase in the threshold to £500,000. The higher threshold is applicable upon completion between 8 July 2020 and 31 March 2021. From 1st April 2021, there’s a chance that the threshold will revert to £125,000. A higher threshold of £300,000 applies to people who’re buying

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Fixed Assets

Accounting for Fixed Assets- Here’s Our UK Business Guide

When you start running your business and pay more attention to your operations, you’ll quickly realize just how important it is to make the right decisions. From critical management decisions involving corporate structure set-ups to minor deliberations on product offerings and services, every decision you make will have a ripple effect on your company. Applying

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Cash-flow management

Secrets to a Sound Cash-flow Management

It is no secret that cash flow is important in business, you need to know where all your money is going. Don’t want to keep a track of your finances? You might just end up bankrupt! Now you don’t want that do you? Cash-flow management is essential for any business be it big, small, or

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re-enrolment

Auto Enrolment, Re-Enrolment and Re-Declaration of Compliance

Covid-19 has brought in so many different challenges for employers. Although the pandemic brought about different questions with respect to auto-enrolment, the real question remains the same. How do the employers go about re-enrolment and re-declaration obligations? They certainly have big questions that they need answers to.    During every 3 years, all these employers

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business structure

Four Basic Business Structures you Need to Know about

Coming up with a creative idea and building a business around it is always an exciting endeavor. It’s an opportunity to show the world the unique ways you can address certain problems, positioning yourself as the most efficient solution. However, you’ll need a legal form for your business to take, which will affect the legal

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