Why a Chartered Accounting Firm Should Be a Part of Your Business
Let’s take a look at what Chartered accounting means, what is its history in the U.K. and learn how a Chartered accountant can help your business develop and grow. Chartered accountants have a long history of business in the U.K since the Institute of Chartered Accountants in England & Wales was founded in 1880. The…
Vat when buying a website business
Lately, an increasing number of business people are starting to move from the offline world to the online world, there are an increasing number of people interested in buying a website business, and there are a number of questions regarding the process of buying an online business. Since buying an online business is somehow different…
Corp Tax and Vat on Fixed Assets
Fixed assets are considered all assets that are not consumed during the course of business; these can be buildings, lands, equipments, cars or other items. In accounting terms, the term “fixed” does not mean that the asset is immovable; some of the fixed assets may actually be moved. As a general rule, any asset that…
Selling a tech business and preparing for due diligence
When trying to sell a tech business, you should know that the acquiring group will want to conduct a due diligence. Due diligence is basically the information gathering process that a buyer conducts before committing to the purchase of a business. Immediately after you sign a letter of intent with a potential buyer, the due…
Difference in Convertible Notes and shares investment
If you own a startup, then you can choose investments by convertible notes or equity. As you might know, raising money is not an easy task, so you want to offer the best conditions to your potential investors. Let’s take a look at the differences between convertible notes and shares investment, and see what are…
Things to check when preparing year-end accounts
For the preparation of the year-end accounts, most companies use an accountant. For many businesses, this can be a difficult task, but if you learn to offer all the information required by your accountant, it can become relatively simple. Here are ten things you need to check when preparing year-end accounts. They contain the basic…
Web based Business valuation
If you want to determine the value of your web based business or you want to buy an online business, you will often have a daunting and very challenging task. While classical methods such as income-based, market-based, and asset-based valuations can be applied in finding out the value of an online business, it may be…
Benefits of preparing monthly management accounts
Running a business means taking decisions every day, and it is always better to decide while having accurate financial information. The management accounts are financial reports intended for internal use and prepared by an organization. The account formats may vary, since they have to meet the specific needs of a particular business. Management accounts are…
Flat rate VAT schemes
The standard VAT a business has to pay or claims back from HM Revenue and Customs is the difference between the VAT they charge customers and pay on their purchases. But, you also have the possibility to join the Flat Rate Scheme that can provide you a series of advantages. What is the Flat…
National insurance for self employed business
As a self-employed, it is important for you to be informed and to keep track of the contributions you have to pay, so let’s see what types of National Insurances you have to pay and how to calculate the rates. If you are self-employed you have to pay two types of National Insurance: class 2…