Whether you are trying to pursue your career in accounting, or finance or you want to hire a financial expert to manage your finances, you might get confused about the CPA vs Public Accountant. If you are really perplexed about these two terms and their role, we have got you covered. Although there are many […]
CPA Vs. Public Accountant: Is There a Difference? Read More »
Are you exhausted of the bookkeeping complications, here is something that can turn your difficulty into an easy-go process. This is a prominent fact about the golden rules of accounting. We all know how important it is to have a basic understanding of accounting and business records so that when it comes to the correspondence
What Are The 3 Golden Rules Of Accounting? Read More »
Many people see the option of becoming a sole trader and carrying out a business as a legal sensible choice to be associated with the business world. Some opt for the value-added tax voluntarily and others just pass the fact as it is not applicable to them. Whatever the case may be, you certainly need
The Sole Trader, VAT and When to Incorporate Read More »
Tax-free investments using premium bonds are popular among people these days. People tend to invest in the idea of gaining through lottery products and growing their savings. This happens every month when the bondholders become a part of the lucky draw to earn tax-free cash. However, only two individuals turn out to be the luckiest
Tax-Free Investments Using Premium Bonds Read More »
If you are an owner of a company that carries out a small business, however, recently you have planned to move your business. The new requirements demand an updated version of accounting software as well. You must be wondering about the switch accounting to better software that can save you time and let you focus
Is It Easy To Switch Accounting Software? Read More »
Claiming food expenses in a limited company can be quite different from that of a sole trader. Similarly, what meal expenses qualify for a refund is also as ambiguous as the other business expenses or even more. HMRC has not defined clearly the meals deductible as business expenses. They have just described some criteria for
Guide to Claiming Food Expenses in a Limited Company Read More »
Double-entry accounts are the most popular way to manage financial ledgers and prepare financial reports. Single-entry accounting method becomes obsolete as your business upgrades to a higher level and operates on a larger scale. The practice of double-entry accounts makes our bookkeeping free of error and keeps the financial records in good standing. For this,
A Relatively Painless Guide to Double-Entry Accounting Read More »
It has been estimated that many businesses and commercial property owners fail to claim back their deductible expenses every year. The primary reason behind this ignorance is the complex structure of tax legislation and the ambiguous requirements of capital allowances on commercial property. A number of capital allowances are offered by the HMRC and they
Don’t Miss Capital Allowances on Commercial Property Read More »
Income statement vs balance sheet confuses many as they are the most important tools to evaluate the performance of a business simultaneously. Along with other financial statements, income statements and balance sheet helps creditors, investors and financial analysts in making crucial decision. On the other hand, it provides useful information on the company’s current financial
Understanding Income Statements Vs Balance Sheets Read More »
What is a liability in accounting? If you’re a newbie in the business or accounting profession, you will have to learn about basic accounting principles and calculations like liabilities and assets. Assets and liabilities are the core of accounting and all business financial matters rely on them. However, many people become confused while calculating liabilities
What Are Liabilities in Accounting? (With Examples) Read More »
