A Step-By-Step Guide To Open A Joint Bank Account And Start Saving

Want to manage your household funds much easier and more conveniently? If you answer yes, then opening a joint bank account is for you!  Joint bank accounts are very effective as they make managing finances much easier, especially for couples who will have all their money accessible when both want to access them. However, it […]

How To Maximize Cash Flow And Increase Revenue With Accounts Receivable Management

Accounts receivable act as the pulse of a business’s financial status. It is essential for keeping the cash flow healthy and stable. Furthermore, it can give you the peace of mind you need when dealing with finances.  It lets you rest assured that future payments are guaranteed, so you don’t have to stress over running […]

Discover The Latest Techniques In Monitoring And Accounting For Inventory Levels

Accounting is an integral part of any business, and managing inventories is the blueprint of the accounting process.  This comprehensive guide will explore the different methods and strategies for managing inventories in accounting. What Are Inventories In Accounting And How Does It Work? Inventory is an important part of accounting that helps businesses keep track […]

A Useful Guide To Calculating The Accounting Rate Of Return (AROR)

Accounting Rate of Return (AROR) is a key metric used by businesses to measure the profitability of their investments. It is an important tool for financial decision-making and helps organisations understand the rate of return they can expect from any investment they make.  This guide will provide an overview of AROR and explain how to […]

An In-Depth Guide To Understanding Depreciation & How to Make the Most Of It In Business

Depreciation is an important concept to understand when managing finances in your business. It’s a way of accounting for the gradual loss in value of certain assets over time.  When managed correctly, depreciation can be a powerful tool to help you optimise your budget and maximise your profits.  This guide will explain how depreciation works, […]

Costs or Disbursements Passed to Customers Under VAT Rules

Costs or Disbursements Passed to Customers Under VAT Rules To provide your services to your customers, your business will incur costs. As you incur these costs, they will eventually be charged back to customers. These payments could be considered ‘disbursements’ for VAT. You do not charge VAT on them when you invoice your customers, nor […]

As a Married Man in the UK, What Tax Allowances am I Entitled to?

In taxation, if your taxable income exceeds your tax allowances, you are subject to income tax. In addition to being taxable income, the income covered by your allowance is also tax-free. The information is relevant if you need to report your income for other reasons, such as tax credits. However, as a taxpayer, have you […]

How Much Tax and NI will I Pay

National Insurance is an integral part of the UK tax system, and both employees and employers pay for it. It covers important things like healthcare for all of us, maternity leave, and more. National Insurance contributions can be deducted from a worker’s pay in order to avoid the taxman taking any further interest in their […]

What is the Tax Evasion UK

The British government has decided to introduce a new tax regime for the UK which aims to make it less attractive for companies to move their headquarters from the UK. The UK is a popular place for international businesses to set up their headquarters. This new tax regime will require companies with more than 250 […]

Why Am I On Emergency Tax

Introduction When HMRC (Her Majesty’s Revenue and Customs) doesn’t have accurate or adequate information about you, your income, or your tax data, emergency tax is triggered. The right tax code that you should be on will be unavailable due to a lack of information, thus you will be given an emergency tax code. This article […]