Understanding the Concept of Accruals and Prepayments
Let's dive into the world of accruals and prepayments. These two concepts are fundamental in the realm of accounting and play a crucial role in...
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What is Materiality in Accounting? (Definition & Example)
Let's dive into the introduction of our discussion about what is materiality in accounting. Materiality is a principle in financial reporting that helps determine what...
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Can You Claim VAT on Staff Entertainment?
Are you wondering whether can you claim VAT on staff entertainment or not in the UK? VAT stands for Value Added Tax, which is a...
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What is an Inherent Risk?
Seeking about what is an inherent risk? Well, inherent risk is a fundamental concept in auditing that refers to the level of risk associated with...
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How is Tax Different for Film Industry Jobs?
Let's dive into the exciting world of the tax on film industry jobs. Tax treatment for film industry jobs in the UK can vary depending...
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How to Become a Self-Employed Makeup Artist?
If you want to dive into the world of self-employed makeup artists, this guide is for you. Being a freelance makeup artist is an exciting...
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What are the Benefits of Bereavemet Support Payment?
If you are wondering about the benefits of bereavement support payment or how it provides financial support to individuals in the UK, you must have...
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What Can I Do With My Company Share Option Plan?
By implementing a Company Share Option Plan, you can incentivise your employees, reward their hard work and commitment, and align their interests with the success...
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Tax E-News – Autumn Statement 2023
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen...
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What is Community Investment Tax Relief (CITR)?
Community Investment Tax Relief is a fantastic initiative that allows individuals and companies to invest in eligible community organisations and receive tax relief in return....
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What is an Audit Exemption?
In this guide, we will dive into details about what is an audit exemption. We will explore the concept of audit exemption and how it...
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How Much Does Employers’ Liability Insurance Cost?
Any business owner needs to understand employers liability insurance, it provides coverage for claims made by employees who have suffered injuries or illnesses as a...
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The Importance of Accounting in The Healthcare Industry
Let's dive in and talk about why is accounting important in healthcare. In the ever-evolving field of healthcare, managing finances is no easy task. Healthcare...
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What are Pensionable Earnings and How Do I Calculate them?
Wondering about what are pensionable earnings? In the UK, pensionable earnings refer to the types of income that are taken into account when calculating the...
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What is Parent Learning Allowance?
This discussion revolves around the financial support provided to parents in the form of parent learning allowance, who are pursuing higher education. The Parents' Learning...
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What is Innovator Founder Visa?
In this guide, we will kick off this discussion by talking about the Innovator Founder Visa. This visa opens up incredible opportunities for ambitious entrepreneurs...
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Do Cosmetic Clinics have to Pay VAT?
Are you a cosmetic clinic owner wondering whether you have to pay VAT on your services? Then this blog is for you. When you're employed...
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What is a P14 Form?
If you are looking for a guide on the P14 form, this guide is based on a discussion of everything that will answer your basic...
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What is MTD for Self Assessment?
Making Tax Digital (MTD) for Self-Assessment is an initiative introduced by HM Revenue and Customs (HMRC) in the UK to modernise the tax system and...
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What Does Tax Code 500T Means?
If you are wondering about tax codes in the UK or a specific Tax Code 500T, you are on the right page and we will...
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