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To ensure the profitable functioning of a company, accountants play an important role. They are accountable to manage the business accounts. The tax legislation is ensured by the accountants as well to make the company tax-efficient. However, there are chances of switching accountants when your business grows or changes in a certain manner. Several people […]
Changing Accountant: The Why & How to Change Accountant Read More »
You must follow a particular accounting concept/principle while preparing and presenting the accounts. One of those accounting principles is the going concern concept. The going concern is the accountancy term used for a business that has resources available to operate in the foreseeable future. In other words, it will not be liquidated or be forced
What is Going Concern Concept in Accounting? Read More »
Intellectual property (IP) is – a set of intangible assets – a broad term that refers to the ownership of various intellectual goods like logos, brand names, inventions, and designs, etc. According to UK law, intellectual property only refers to the things or products you have created and have physical existence. It means your idea
What is Intellectual Property? An Overview Read More »
To keep a healthy cash flow, every business owner needs to keep accurate records of its expenses and revenue. After all, every business must pay its debts on time and can’t afford to commit mistakes here. Sometimes a business pays its supplier outright, but they also use different methods to pay their suppliers. Trade payables
What are Trade Payables? Definition, Importance, Examples Read More »
In case you wish to have a good insight into your company’s liquidity, learning how to calculate the current ratio is a good idea. Without a good insight into your company’s solvency, it is nearly impossible to maintain a clear picture of its financial health. This comprehensive article will help to find out more about
What is The Current Ratio and How to Calculate it? Read More »
It is important to know how to calculate net profit and how to define it even if you are not an accountant. The reason to learn is that you are on this page that shows you are associated with the business. To manage the bookkeeping of your company, the knowledge of fundamental business terms and
How to Calculate Net Profit – Formula and Examples Read More »
Are you new to going into administration process and want to get familiar with the exact procedure and the terminologies used in this? This guide will help you to learn how correct execution can help your company to be saving grace. Before we delve deep into the discussion, let’s first see what are the points
What Does Going Into Administration Mean? A Basic Guide! Read More »
If you call cash flow the lifeblood of the business world, this will not be wrong. An old yet famous saying about cash says cash is king in business activities. Realising this, we can say that the king keeps the heart of the kingdom pumping as well. No matter you carry out a small business
Popular Ways to Manage Cashflow! Read More »
In case you are associated with accounting and you have the responsibility of balance sheet for a company. Then classified balance sheet is also a part of your job. Here is a basic guide for beginners that will tell you everything you need to know about how classified balance sheets make accounting easier for you.
Classified Balance Sheet – A Basic Guide for Beginners! Read More »
Whether you work as a sole trader or you are the director of your own limited company, it is a dream to be on top of finances and keep your business channelised through it. Now, most of you must be wondering what could possibly be the easy ways and how to keep your accounts organised?
Simple Ways to keep your Accounts Organised! 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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