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A set of rules and regulations are designed by all businesses regardless of their size. As it is impossible to take your business to the height of success if there are no rules to follow. It is important for the management of compliance that a business ensures to adhere to the limitations of rules according […]
An Introduction to What is Compliance Management and its Importance! Read More »
If you are wondering what the CIS payment and deduction statement are, then we are going to walk you through this important tax compliance tool. HMRC is also responsible for ensuring tax compliance by the self-employed as well as by the public limited companies in the construction industry. For this reason, this government has designed
What is CIS Payment and Deduction Statement? How to Register For CIS? Read More »
Are you running your own business, regardless what is the size of your business, wages are considered to be the major expense among other regular expenses. Along with the payment of attractive packages, as an owner, you are required to keep your employees satisfied by paying a handsome amount of money as monthly wages. It
Everything You Need To know About Wages Control Account! Read More »
Whether you are associated with the business world or the accounting field, you must know to define what is an invoice. In common words invoice refers to a document that explains the details of the products or services used by the clients and their pricing to be exact. The common invoice also explains what are
What Is An Outstanding Invoice – Strategies to Deal with it! Read More »
It is considered to be the least favourite part of the job when you are asked to handle invoice management. It is important too when you are carrying out a small business, you need to track down your cash flow as well. It is suggested to use a successful invoice sample and work on identifying
Invoice Management Tips – A Guide for Small Businesses! Read More »
Over the past few years, the progress of the medical industry in the UK has grown rapidly. Along with the growth of the industry, the role of accounting in healthcare has become more critical than ever. Although the national health system takes charge of taking care of medical needs in the UK, people’s tendency towards
A Guide About The Importance of Accounting in The Healthcare Industry! Read More »
While managing your accounting processes and ledgers, you often have to struggle through the confusing terms of accruals and prepayments. Besides, you also hear about the accruals and prepayments to manage your expenses and revenues. These confusing accounting terms can lead to errors in reporting the financial statements or you can skip any entry due
Understanding the Concept of Accruals and Prepayments Read More »
Do you relate to the feeling of an employee who has just completed his annual or monthly financial report, however, all the departments are requesting revisions and changes? This happens because you are losing the track of things rapidly. Also, because of the manual tracking, the errors creep in more frequently. This way the quality
All You Need to Know About Financial Reporting! Read More »
We all know that when we are into jobs, most of us are entitled to get the minimum national wage. Regardless of being the casual workers, agency workers, or the people who are working on zero-hour contracts. One must be aware of the underpayment of wages. There is also a higher rate of the minimum
A Guide to know about Underpayment of Wages! Read More »
We all know that at the end of a tax year, there has to be an annual financial report to exhibit the financial position of the company. In this regard, the balance sheet plays a vital role and we know the balance sheet as a statement of financial position. The discussion of share capital vs
What Is the Difference Between Share Capital and Liabilities? Read More »
Our team of qualified accountants in London has qualifications from top accountancy bodies, such as ICAEW ( Institute of Chartered Accountants of England & Wales, ACCA ( Association of Chartered Certified Accountants & AAT ( Association of Accounting Technicians). In addition, we are on ICAEW approved employer’s list.
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ACCOTAX – Chartered Accountants in London is one firm you’ll love to have a long-term relationship with. You’ll keep coming back for more because of our high-end accounting & tax solutions.
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