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

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 […]

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

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 […]

Discover The Latest Techniques In Monitoring And Accounting For Inventory Levels

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 […]

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

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 […]

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

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 […]

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?

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 […]

How Much Tax and NI will I Pay

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 […]

What is the Tax Evasion UK

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 […]

Why Am I On Emergency Tax

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 […]