News,May 2018

what is a bookkeeper

What is a Bookkeeper?

09/05/2024Accountants , Accounting , Accounting Issues

What is a bookkeeper? In the world of finance, bookkeepers are the guardians of a company’s financial data, tasked with ensuring that every penny is accounted for and every transaction is recorded correctly. In this discussion, we’ll delve into the world of bookkeeping, exploring the responsibilities, skills, and qualifications required to excel in this field. …

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what is pro rata

What is Pro Rata and How Does it Work?

07/05/2024Accounting

What is pro rata? Pro rata, a Latin phrase meaning “in proportion” is a mathematical formula used to calculate proportions or fractions of a whole, enabling fair and accurate distributions. In the context of employment, pro-rata calculations determine salary, holiday entitlement, and benefits for employees. These are working variable hours or joining/leaving mid-year. In insurance, …

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stamp duty on second home

How Much is Stamp Duty on Second Home in the UK?

06/05/2024Accounting

In this discussion, we’ll delve into the world of stamp duty on second homes. Exploring what constitutes a second home, how much stamp duty you’ll need to pay, and the exemptions that can help reduce or eliminate this expense. We’ll also examine the various scenarios in which stamp duty applies, from replacing your main residence …

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what is a CIS card

What is a CIS Card and How Can You Get It?

03/05/2024Accounting , C.I.S

What is a CIS card? The Construction Industry Scheme (CIS) card is a vital document that plays a crucial role in managing tax deductions and ensuring correct payments for construction workers. If you’re a contractor, subcontractor, or self-employed individual in the construction industry, understanding the ins and outs of the CIS card is vital to …

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why hotels need accountants

Why Hotels Need Accountants?

02/05/2024Accountants , Accounting , Accounting Issues

Why do hotels need accountants? The hospitality industry is a dynamic and fast-paced sector, with hotels facing a multitude of financial challenges and opportunities. This is where accountants come in. Skilled professionals who bring expertise, guidance, and strategic thinking to help hotels achieve financial stability, growth, and success. The importance of accountants in hotels cannot …

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why estate agents need accountants

Why Estate Agents Need Accountants?

26/04/2024Accountants , Accounting , Accounting Issues

why do estate agents need accountants? In the ever-changing regulations, rising costs, and growing client expectations, estate agents must navigate a challenging environment to remain competitive and profitable. Amidst this complexity, accountants emerge as trusted partners. Providing expert guidance and support to help estate agents achieve their goals. From preparing financial statements to ensuring tax …

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why do cleaning businesses need accountants

Why Cleaning Business Need Accountants?

15/04/2024Accountants , Accounting , Accounting Issues , accounting software

Why do cleaning businesses need accountants? As the cleaning industry in the UK continues to grow and evolve, it’s becoming increasingly clear that cleaning business owners need more than just a mop and bucket. In today’s complex and competitive market, cleaning businesses must navigate a web of financial regulations, tax laws, and business strategies to …

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