Cash accounting

Accrual Basis vs Cash Basis Accounting: Pros and Cons

It is the dream of every individual to flourish his business and make a mark in the business community. Proper direction and planning are the keystones of a successful business. For the success of every business, the accounting sector is the most imperative part. An excellent accounting system helps to boost your business. The two […]

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VAT Guide for Beginners

VAT Guide for Beginners

Most purchases carry a VAT charge. Levy Value Added Tax (VAT) on most business transactions and on many goods and some services. There are three rates of VAT in the UK: 20% (the ‘standard rate). 5% (‘reduced’ rate) and 0% (‘zero’ rate). You’ll register for VAT if any of the following apply: The taxable turnover

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