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Accountants in Walthamstow
Not Filing tax returns to HMRC At time we have observed that people get themselves registered for self employment for one reason or another without realising that it becomes compulsory for them to file tax returns to HMRC every year with out failing. Most of the time , people think as they have not earn...
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Mary runs a small beauty salon in east London with a small team, offering first class hair, beauty, grooming and aesthetic treatments . As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales were increasing, profitability was not. The problem At her year-end accounts sign-off meeting,...
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A local wholesale paint supplier had been a client of their accountant for eight years. The relationship had traditionally been around year end tax and compliance. Two years ago, the accountant discussed the idea of business growth with her client. She said she had been thinking about the business and had run some numbers to...
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You have probably heard of a self-assessment tax return. But what is it, and how do you know if you need one? Many people have trouble figuring out if they need to file a tax return. However, your first experience with filing a self-assessment tax return doesn’t have to be hard. So we made it...
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Sarah and Tim own an independent home entertainment retailer, selling televisions, music systems, phones, computers, games and consoles and other consumer electronics. Having completed their year-end accounts and tax work, the accountant presented the couple with a three-year business performance review, which highlighted three key issues: Sales had declined year on year Gross profit percentage...
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It is perhaps the biggest political shakeup of the UK since World War 2, but while there are many words discussing hard Brexit, soft Brexit, politician’s performances and failings, what does it really mean for UK businesses today? While trade barriers will affect businesses in different ways depending on the kind of markets they operate...
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The R&D Tax Credit Scheme was introduced in year 2000, the idea behind it to encourage investment in research in UK based companies and attract new, innovative businesses to the country. The scheme allows a business to reclaim significant tax relief on qualifying money spent on research and development for their business. The exact scheme...
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Keeping on top of your tax liabilities   Running a small business is hard work, much harder than anyone ever gives you credit for. It requires you to master many skills and take responsibility for so many aspects of running a company, it can be easy to get swamped. With the day to day running...
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On the off chance that you are bootstrapping, or beginning an independent venture on a constrained spending plan, you have presumably invested some energy attempting to make sense of where you can cut business costs and accomplish more all alone keeping in mind the end goal to extend the assets you have accessible. Dealing with...
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