Arslan Ali

What is a self-assessment?The procedure of filing a tax return for self-employed people is known as self-assessment.Unlike workers, who are taxed immediately through the PAYE system, self-employed...

You'll enjoy it as well. Why? Because corporation tax is the sweetie of taxes, and you'll be paying it with glee by the end of this scrawl.Have I gone completely insane? Definitely not. Continue...

HMRC may tell you to make "payments on account" if you pay less than 80% of your income tax at source and have a tax debt of more than £1,000 in the UK. This tutorial describes what payments on...

An external accountant or bookkeeper is used by 80% of small enterprises. According to Xero, a small business platform, 70% of small business owners would not recommend their accountant to others, and...

While using an accountant is not required by law for limited firms, there are several advantages to doing so, such as completing your annual accounts and company tax return. They can also help with...

VAT stands for Value Added Tax.VAT (value-added tax) is a levy on consumer purchases of goods and services. If a VAT-registered business sells a widget for £1, the consumer will be charged £1.20...

Choosing between permanently closing your business or making it inactive is a big decision. Before you take that move, make sure you understand the implications of each action. We're here to assist...

1. Fill out a trademark applicationTo begin the application procedure, go to the IPO/GOV website. To begin, press the green "start now" button.2. Determine who will be registering.If you're...

What is the difference between a bank and a building society?Your money may earn interest if you deposit it in a bank or building society account. Interest is money paid by a bank or building society...

Depending on the state and location of the firm, numerous forms of partnerships exist. The three most prevalent types of partnerships are described in general terms below.Incorporated PartnershipA...

Passion, vigour, and bravery. That's what it takes to launch a new company. You've got a wonderful company concept, you've begun writing a business plan, and you've identified a prospective client...

Statutory accounts are required by law and must be filed with Companies House and HMRC. Statutory accounts are extremely important for a firm's internal operations since they allow shareholders to see...

What are the several kinds of profit?There are four main categories of profit in business accounts:Gross Profit Net Profit Profit Before TaxProfit After TaxIn this article, I'll explain each type of...

End-Hirers must now shift their efforts to ensuring compliance with the new standards and become comfortable with the necessity to demonstrate Reasonable Care now that IR35 in the private sector has...

Marketing experts have been segmenting their target customers for years in order to figure out who could buy a service or product. It appears to be a simple task.When it comes to segmentation, though...