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The HMRC uses self assessment to calculate tax on income. In most instances, tax is automatically deducted from salary, pension and savings. However, if you have another source of income, you need to declare it and send this return once a year. If you are...
Tax investigations in your business are more likely to happen if the HMRC and HM revenue suspects that your tax returns are not accurate. The process is usually stressful, and when you find you are in such circumstances, take expert advice unless you are 100...
As a result of Corona Virus, a lot of businesses have experienced financial havoc. This has left many companies struggling. Whichever way your business has been affected, it is important to have a strategy in place, so that when things start returning to normalcy, you...
Running a business whether small or large requires you to have managerial skills and the ability to mobilize resources. As a manager ensure you integrate all operations to minimize cost and maximize the income. Any sole proprietor must perform more than one duty in their...
The European Union has now accepted and approved the request of the United Kingdom to extend the exit deadline to the 31st of January in 2020. If there is no agreement set up and the deadline arrives, then the United Kingdom will have to exit...
Companies and businesses are among the sectors that are affected by the process of leaving the European Union by the United Kingdom. However, the various industries involved have adopted some of fundamental mechanisms and approaches. In that regard, the following article answers the question: how...
A majority of small enterprise owners do not realize that about 80 percent of businesses fail within the first one and a half years. One of the significant causes of failure is poor financial management. Despite these repercussions, many enterprise owners manage their money on...
For a business to have an easy time operating, there has to be a reliable bookkeeping system. The importance of such a system is to ensure that all your expenditures and expenses are covered in a better way through bookkeeping. Over the years, the accounting...
Companies are required to stay on top of its administration and management of financial records. Small business bookkeeping in Bury offers short and long term benefits including improvements in organization of finances and tax, professional maintenance, and cost effectiveness. A closer look at the supportive...
Tax obligations are something that every citizen knows about. These are monies that are collected from wage-earning individuals each year to help cover the costs of government business, infrastructure, public schools, universal healthcare and more. To understand just how these funds work and why they...