A tax-efficient way of moving the prices of numerous financial instruments globally is called spread betting. This includes spread betting forex, commodities, stocks and treasuries. Spread betting is one of the popular ways that are usually used to trade on price action over numerous assets within the UK. Spread betters can do this in each […]
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When you’re going through your business accounts for the first time, you might come across financial jargon like “Pro Rata”. Besides, you might have heard this term while applying for a new job. Usually, the advertised amount of your salary – if it’s not a full-time job – is pro-rata, so it’s one of the
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Running a business isn’t just about earning money. It’s about making that money work for you. One way to do that is by using retained profit. It might sound a bit confusing at first but once you understand it, it can really help your business grow. In this guide, you’ll get to know: What Retained
What is Retained Profit? Formula, Advantages and Disadvantages Explained Read More »
To monitor and maintain the financial health of your business, accurate reporting of financial statements regularly is crucial. Though income and cash flow statements play a vital role, yet you can’t overlook others. Equity (found in the balance sheet) is one of the common pieces of data to analyse the financial status of the company.
Statement of Changes in Equity: A Step-by-Step Guide Read More »
One of the words in UK tax that consistently confuses is Adjusted Net Income (ANI). You perhaps saw it mentioned in some HMRC guidance, or heard it during conversation with an accountant especially if you are claiming Child Benefit, are earning above the personal allowance threshold or need to calculate pension contributions. But what does
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Benefit payments are meant to support people genuinely in need but sometimes individuals try to claim more than they are entitled to, or continue receiving payments when their circumstances change. That’s where benefit fraud comes in. But how are benefit frauds caught? In this guide, we’re breaking it all down. What benefit fraud is Types
How Are Benefit Frauds Caught? Types, Penalties & How to Avoid Them Read More »
If you are an employer who is interested in incentivising the employees of the company while also minimising the tax obligations, you are on the right page. This guide can also help if you are already using the employee benefit trusts and just want to make sure that you are meeting all the tax requirements
How are Employee Benefit Trusts Taxed? Read More »
What are the advantages of online filing? The way we file documents in the UK is undergoing a significant transformation for the better. Gone are the days of tedious paper forms, lengthy queues, and frustrating delays. Online filing is revolutionising the way we interact with government agencies and organisations, offering a faster and more convenient
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Claiming marketing and advertising expenses can be a valuable way to reduce your tax liability and boost your bottom line. However, navigating the rules and regulations surrounding expense claims can be daunting. In this discussion, we’ll break down the process of claiming marketing and advertising expenses, covering what expenses are eligible, how to keep accurate
How Do You Claim Marketing and Advertising Expenses? Read More »
As a business owner or director, it’s crucial to understand the deadlines for annual accounts of your company’s financial statements with Companies House. Think of it like a calendar reminder, you wouldn’t want to miss a crucial appointment. In the UK, Companies House is the central registry for all companies, and it’s responsible for maintaining
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