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Making Tax Digital for VAT should be delayed by at least one year
In a scathing report published today by the House of Lords Economic Affairs Committee not only should the Government delay Making Tax Digital by at least one year but must ...
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Accounts Expert – Explaining accounts & tax in a language you can understand
When it pays to be underdressed
The madness of the UK Tax System. The general rule of thumb regarding claiming for clothing through your business is that it is not an allowable expense unless it's protective or uniforms. The reason for ...
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What is a business?
Starting a business can be a daunting task; I know as I’ve been there and done it. When I started out it was with the sole intention of earning enough income to live off without ...
How to file dormant accounts
This useful Companies House video talks through the process for filing dormant accounts for companies who have not traded and have no transactions in the year. Beware of the conditions which need to be fulfilled ...
Research and Development must be valid
Research and Development (R&D) seems to have become the flavour of the month with an increase in people asking if they can make a claim. Whilst R&D is a valid tax relief to claim it ...
For Accountants
Just How Do You Start An Accountancy Practice?
Starting any business requires a lot of hard work. An accountancy Practice is no exception to this. As a sole practitioner there are four main routes available to you to get your Practice off the ...
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Refreshing your Accounting and Tax Knowledge
Part of the Starting an Accountancy Practice Series As any accountant knows, the world of accounts and tax is huge; you cannot be expected to know it all. During our career we may move around ...
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Summer Quotes from the CheapAccounting.co.uk Accountants
I must admit that I’ve taken quite a bit of time off this summer to enjoy the fine weather. Why wouldn’t I? I remember the summer of 1976; I’d just finished my first year at ...
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How to get set up as an Agent with HMRC and Companies House
HMRC call accountants Agents. No idea why - they just do; so it's a term that you need to be familiar with and you may need to explain to clients what it means so that ...
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