Is it possible to declare a limited business dormant or close it down?However, there may come a time when you receive a permanent work offer that you can’t refuse, or you begin to consider retiring…Jan 13, 2022Jan 13, 2022
When Gifting, How to Avoid Capital Gains TaxA capital gain arising from the sale of most assets is subject to capital gains tax. A sale or a gift are examples of disposals. Malcolm…Jan 4, 2022Jan 4, 2022
The difference between public and private accountingWorking in public accounting or private accounting may be the decisive factor when deciding which field of accounting to follow. In…Dec 20, 2021Dec 20, 2021
Explained: Statutory Sick PayWhat is statutory sick pay (SSP) and how does it work?Nov 22, 2021Nov 22, 2021
Disposal of Business Assets Relief (Entrepreneurs Relief)The Business Asset Disposal Relief programme lowers the capital gains tax rate on shares to 10%. As a result, the United Kingdom is a tax…Nov 9, 2021Nov 9, 2021
What Is Crowdfunding and How Does It Work?Do you require funding for your company? Here’s all you need to know about crowdsourcing.Nov 1, 2021Nov 1, 2021
A Step-by-Step Guide to Creating a Chart of Accounts (With Examples)You must record every company transaction in the correct account, whether it’s a new bank loan, an invoice from one of your clients, or a…Oct 26, 2021Oct 26, 2021
How can I collect my emergency tax refund?If your employer has a cumulative RPN, you will receive a refund.Oct 18, 2021Oct 18, 2021
Choosing an Accounting Passion: Financial Accounting vs. Managerial AccountingThe role of an accountant is critical to a company’s financial performance. Financial and management accounting are two of the most…Oct 11, 2021Oct 11, 2021