Articles / News

A report prepared annually by the limited companies to show the breakdown and financial actions taken by them for the same year is called a Statutory Account.

A statutory account does not include every detail, such as unique invoices or ...

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September 05, 2020

What is Making Tax Digital (MTD)?

With effect from 1st April 2019, VAT registered businesses whose taxable turnover is above the VAT registration threshold (presently £ 85000 per annum) must keep...

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September 04, 2020

Due to the introduction of Real-Time Information (RTI) in 2014, payroll now no longer can be run without a payroll software. Also, since RTI needs to be submitted every time you process the payroll, it sets a deadline that needs to be fulfilled. D...

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September 03, 2020

The announcement of the Self-Employment Income Support Scheme by the Chancellor Rishi Sunak brought a big sigh of relief among the Self-employed workers, who have suffered adversely due to the COVID-19 outbreak.

How does this sch...

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August 27, 2020

Point of sale is one of the easiest VAT schemes, created for businesses using an electronic system that records VAT for goods at the time of sale. Poin...

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August 25, 2020

During the last decade, India has emerged as the most ideal place for the outsourcing of services. Although there has been stiff competition from Asian counterparts like China, India has managed to maintain a stronghold. The most significant ...

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August 22, 2020

Whenever the term “Insolvency” comes in mind, it often takes a person towards negative thoughts. Could we blame on the pressure on the person whose company is going through an Insolvency procedure, or is it that the complicated, techni...

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August 17, 2020

It can be very challenging for a company to decide whether it should outsource or hire an employee to assist with their accounting needs. If you want to improve the financial system & achieve success, then you need to have the right financial ...

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August 14, 2020

Is offshoring the right setup for your business or outsourcing? Are you confused? Let’s give you detailed information on both which will help you in selecting the best fit solution for your business. As one of the most loved outsourcing...

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August 10, 2020

When it comes to accounts outsourcing or anything related to its efficiency a SWOT analysis is held to be a tool that can aid in working out strategic management as well as the feasibility of the former in the optimization of an e...

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August 08, 2020