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...
Winding up and selling a business is not an easy task no matter the reason. You will have to face multiple issues when selling. During the process, you will have to come across records dating, tax issues, and your employees. Business records Your records should be in...
As a business owner, you’re undoubtedly no stranger to the fact that having employees can be quite complicated at times! With all the different factors—both major and minor— you need to account for, it can be quite daunting to navigate the business world. You’ve probably...
Millions of people file their tax returns before the due date in the UK. This tax year’s tax return deadline to file an online self assessment is 31st January 2021. This is the main deadline, while there are other self assessment deadlines too, and we...
If your business is on the brink of insolvency, the following steps might help you avoid that. The real question is, will your business turn around any time sooner? Business debt, bankruptcy, and insolvency are more or less the same things, so this article will...
2020 has brought in some tough decisions for businesses. Practitioners and clients are struggling to arrange physical stock takes. Companies will feel this strongly in December year-ends, and everyone knows that December is one significant month to be remembered for year ends, apart from March....
Small business owners have to deal with one of the most complicated things. Taxes. They have to cope with taxes on two different fronts. Talk about tackling personal taxes and business tax rates. Most small business owners mix up things between personal and business tax rates....
What's the first thing that comes to your mind when you think of COVID-19? Unemployment, high mortality rates, depreciating economy tops our minds. Talk about the constant struggle to not get affected. We've got three amazing tips for cash flow management during COVID-19. Various communities are...
One of the biggest troubles of owning and managing a business is having to compute and pay for taxes. With everything you have to worry about when running your operations, you have to factor in the pay cut that goes above your efforts—which can be...
Accounting is paramount in any business process, no matter how big or small. The idea of clearly recording all financial transactions of a company can make a difference in the overall business success. After all, money is its lifeline. Unfortunately, some small business owners tend...
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