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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 […]
What is a Bookkeeper and What Does a Bookkeeper Do? Read More »
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 »
Accounting is associated with business activity since the very start. Even in the old times of Sumerians, the basics of accounting existed but in a less defined way. Large to little organisations, businesses, and many other sectors, accounting runs them all. Accounting is an immense and important field that is separated into two sections, financial
The Difference Between Managerial Accounting and Financial Accounting Read More »
The assessment rules for Corporation Tax for A Limited Company are somewhat unique to other organisational structures. We investigate what comprises a limited company, the kinds of assessment they should pay, and how much the current rates are. This article is for beginners that will help to develop a better understanding of: How To Define
Corporation Tax for A Limited Company, How Much Is There To Pay? Read More »
In business, making the right decision at the right time is crucial. For it, you need to have valid information with a strategic plan. In this regard, using the right tool for recording, analysing and storing data is essential. Spreadsheets can be the best tools to manage your business operations effectively. These are popular amongst
Advantages and Disadvantages of Spreadsheets Read More »
VAT is a record of received and paid payments and the method we use for reporting VAT is popularly known as Cash Accounting VAT Scheme. The principles of cash accounting are religiously followed by the Cash Accounting Scheme. In other words, we can say that it keeps the track of recoded expenses when they are made
Cash Accounting VAT Scheme – A Beginner’s Guide! Read More »
When talking about Accounting Ethical Standards one should not forget to include respectability, objectivity, professional competence and due consideration, privacy and expert conduct – set up the norm of conduct expected of a professional accountant and it mirrors the calling’s acknowledgement of its public interest duty. Accounting ethics is a significant subject on the grounds
Ethical Standards in Accounting. Can We Count on Them? Read More »
As a startup and small business owner, you must probably need some help managing your books. Hiring an accountant is useful when it’s time to make your first tax return or prepare your first set of annual accounts. You might actually even think of cutting down costs. After all, starting a business is already a huge
Why Hiring an Accountant Is Beneficial for Small Businesses & Startups 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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