Accounting Services

Outsourced Accounting Service

Why Outsourced Accounting Services?

Every business is not the same. Companies need bespoke solutions for the challenges they face. They also want to reduce their costs and improve results. That’s where outsourcing comes in. In recent years, most businesses rely on outsourced accounting services to manage their books, accounts, taxes and payroll concerns to save costs, improve efficiencies and …

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Limited Company Accountant Fees

How Much is the Limited Company Accountant Fees?

Running and managing a business has never been easy. There are a lot of challenges that most business owners face. One of those challenges is managing the overhead cost, especially for SMEs that have limited resources. Among others, limited company accountant fees can be a costly overhead for small businesses. For this reason, in this …

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What is a Bookkeeper

What is a Bookkeeper and What Does a Bookkeeper Do?

Almost every business in the UK is obliged by law to keep records of its finances and maintain books. The process of recording finances and maintaining the books is known as bookkeeping. But do you know what is a bookkeeper and what does a bookkeeper do? Let’s explore it today!   Accotax offers cloud-based accounting …

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Creative Accounting

Everything You Need to know about Creative Accounting

Such accounting practices that are required to follow the law and regulations but intend to deviate what exactly is the point of accomplishment by the set standards is known as creative accounting. It focuses on the image of the company to present in a better way by covering the loopholes and that might include false …

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switching accountants

Changing Accountant: The Why & How to Change Accountant

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 …

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Accounts for Sole Traders

A Beginner’s Guide Based on Setting up Accounts for Sole Traders!

If you intend to associate yourself with self-employment or trading as a sole trader, the most important process you need to learn is to record your income and expenses. Here comes the need to set up your accounts. To set up sole trader accounts, be vigilantly aware of factors like national insurance and tax that …

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accounts receivable

What Is Accounts Receivable and How do they work?

Several businesses introduce offers like buy now pay later or some other attractive services are performed for the customers to retain them. At the time of bookkeeping, such details are considered as accounts receivable. In simple words, we can say that it is the money that the customer owes you. It is important to keep …

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