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Nov 30, 2014

Business Tips – Budgeting Is For The Duration Of Your Business Not Just for the Economic Downturn

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To guide your business you will need to create a budget for the new financial year based on the projected spend of your business as well as on the actual spend of the current financial year. Being aware of what you have to spend and the areas of spending will often prevent impulse buying or

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Nov 30, 2014

Business tips: VAT Registration Made Easy

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Being VAT registered means that you can add VAT to your sales and can reclaim a VAT on your purchases – even if you do not sell anything during a VAT accounting period. The VAT registration threshold is £67k for a twelve month period. VAT registration is compulsory if you exceed this threshold. Alternatively there

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Nov 30, 2014

A Quick Guide to Correcting VAT Errors

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VAT is often a source of pain and discomfort for many people in business. The reason being very few lay people have an in depth understanding of how the taxation system works. Hence it is likely that businesses that opt for a DIY approach to their accounts may unwittingly make mistakes on their returns. It

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Nov 30, 2014

How to Choose The Right Accountant For Your Business

So, you’ve recognised the need for an accountant for your business – someone not only to do the tax planning and financial tracking but also someone to offer you real world, practical advice on your business future. However, it should soon become painfully apparent to you that searching for your perfect accountant is a bit

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Nov 30, 2014

What is VAT?

If you run a business that needs to be VAT-registered, or you would like it to be for various reasons, then this article is for you. This is a brief rundown on what is VAT and whether you need to register for VAT. A business will add VAT onto their bill, collect the money and

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Nov 30, 2014

Find a Wave Accountant for Wave Software

Most business owners are usually keen to cut their costs and when it comes to an accountant’s services then that’s no different and many are increasingly looking for a Wave accountant. Here at Cheap Accountants we offer an unrivalled cost-effective service that will deliver a service that is second to none. We are also aware

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Nov 30, 2014

Three People a New Small Business Should Consult

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Small business owners are usually happy to take on a flexible, DIY mindset. They are willing to learn and do all kinds of new things in order to keep costs down and avoid paying someone else. At such a crucial stage in a business’ life, this is not only understandable but admirable. The cost savings

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Nov 30, 2014

Things to Look for When you Choose Your Accountant

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If you are the owner of a new business, or simply looking for a change of provider, then sooner or later you will find yourself having to choose your accountant. Accountants vary in a number of ways, but there are a number of things that could potentially prove to be a deciding factor. These are

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Nov 30, 2014

All About Limited Liability

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“Limited Liability” is a phrase that will come up a lot in any discussion about company structures. It is one of the key selling points of a limited liability partnership, and is what the “Limited” in “Limited Company” represents. Sole trader status is the only legal structure that misses out. But what does limited liability

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Nov 30, 2014

Can Accountants Save you Money?

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It has often been said that a good accountant will save you more than they cost you. This may not always be true in the strictest and most literal sense, but an accountant can still be the most cost-effective way to handle your business’ finances. Tax Efficiency When most people talk about accountants saving you

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