News,May 2018

how much can i claim for laundry expenses

How Much Can I Claim for Laundry Expenses in the UK

26/02/2024Accountants , Budgets & Other , Business , Business Growth Ideas

Are you wondering how much can i claim for laundry expenses? Laundry expenses can be a legitimate business expense for self-employed individuals and certain types of businesses in the UK. However, the rules and regulations surrounding the deductible cost of these expenses can be complex and confusing. The purpose of this discussion is to provide …

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what is enterprise investment scheme

What is the Enterprise Investment Scheme?

29/01/2024Business , Business Growth Ideas

Wondering about what is enterprise investment scheme? EIS has become increasingly popular in recent years as more individuals and businesses recognise the potential benefits of investing in innovative companies with high growth potential. With the EIS, investors can qualify for tax relief of up to 30% of their investment, making the investment process more attractive …

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what is chaps payment

What is a CHAPS Payment?


If you are wondering about what is CHAPS, we can begin by saying that it is an electronic payment system used in the UK to facilitate the transfer of funds. CHAPS stands for Clearing House Automated Payment System and was launched in the UK in the mid-1980s. It allows for the safe and efficient transfer …

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what is share capital

What is Share Capital?

03/01/2024Business , Business Growth Ideas

Let’s dive into the topic of what are the advantages of share capital in the UK. Share capital can be increased through methods like rights issues or public offerings, while a reduction in share capital can be done through share buybacks or capital reductions. The regulations and requirements surrounding share capital in the UK are …

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what is trade credit

What is Trade Credit?


Let’s dive into the topic of what is trade credit and why it’s such a crucial aspect for small businesses in the UK. Trade credit refers to the practice of allowing businesses to purchase goods or services from suppliers and defer payment for a specified period. It’s like a financial lifeline that provides flexibility in …

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what is credit control

What is Credit Control?

29/12/2023Accountants , Accounting , Business , Pricing Method

Let’s dive into the world of what is credit control in the UK. Credit control is a vital aspect of financial management for businesses across various industries. It involves implementing strategies and practices to ensure timely payment from customers and minimise the risk of bad debts. Effective credit control helps businesses maintain a healthy cash …

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what are stakeholder in business

What are Stakeholders in Business?

28/12/2023Business , Business Growth Ideas

Let’s dive into our discussion about what are stakeholders in business. In the world of business, stakeholders play a vital role in shaping the success and direction of a company. But who exactly are the stakeholders? Well,  stakeholders are individuals or groups who have a vested interest or influence in a business. So, in this …

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what is lettings relief

What is Lettings Relief?

28/12/2023Business , Finance , Insurance

Let’s kick off our discussion about what is lettings relief. It’s an important topic to explore if you’re considering selling a property that you once lived in as your main residence but later rented out. Lettings relief can be a valuable tax-saving strategy that helps reduce your capital gains tax liability. By understanding the ins …

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what is an intangible asset

What is an Intangible Asset?

19/12/2023Business , Business Growth Ideas

Let’s dive into the fascinating world of what is an intangible asset. In the realm of finance and accounting, tangible assets are physical resources that hold value and contribute to a company’s operations. By understanding tangible assets, we can gain a deeper understanding of a company’s financial health, its ability to generate revenue, and its …

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