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VAT is a crucial part of business and can have a significant cash flow impact in the Tech sector. To simplify the process of calculating and paying VAT, there are several VAT schem...  more  

Determining whether your business should register for VAT in the UK involves understanding your taxable turnover, the benefits of voluntary registration, and the various VAT scheme...  more  

If your customers take a long time to pay you then you could benefit from VAT cash accounting. In this article, we will explain what cash accounting for VAT is in the UK and how th...  more  

Starting a new business is an exciting journey, but it also comes with its fair share of responsibilities, including managing your personal tax return. This article will help you n...  more  

Starting a new business is an exciting journey, but it comes with its fair share of administrative tasks. One crucial step for many entrepreneurs in the UK is registering for Self ...  more  

In the world of business, understanding your financial metrics is crucial for success. One of the key figures you need to grasp is the cost of sales. This article will guide you th...  more  

Capitalising an asset is a fundamental concept in accounting that plays a crucial role in how businesses manage their finances. Understanding when and why to capitalise assets can ...  more  

In the world of finance and accounting, two key documents provide insights into a company's financial health: the balance sheet - sometimes referred to as the statement of financia...  more  

As the self-assessment deadline approaches, many taxpayers find themselves scrambling to gather documents and complete their tax returns. However, there are compelling reasons to f...  more  

Value Added Tax (VAT) is an indirect tax levied on the supply of goods and services. It is collected at each stage of the supply chain. Businesses may have to charge VAT on their s...  more