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General / November 26th 2019
What is Going Concern?A company is a going concern when the management consider the company can reasonably continue to trade for the foreseeable future, which is usually accepted to be a further twelve months. The alternatives to a going concern is where the management intends to liquidate the company or to cease trading. Management should assess the following when considering going concern: Financial forecas…
Read ArticleGeneral / November 26th 2019
A company is a going concern when the management consider the company can reasonably continue to trade for the foreseeable future, which is usually accepted to be a further twelve months. The alternatives to a going concern is where the management
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General / April 24th 2019
The last few years have seen a number of controversial changes to the UK tax system, and for buy-to-let landlords, the new legislation has proved particularly costly. Cuts to tax relief and hikes in stamp duty have seen profits from residential letti
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General / March 25th 2019
When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selec
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General / March 18th 2019
When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selec
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General / February 28th 2019
In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of UK house
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General / February 22nd 2019
The benefits of an audit are always likely to outweigh the cost. Below are just some of the benefits: Streamline Your Operation A good auditor will really get under the skin of your business. In carrying out their audit work they are likely t
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General / February 19th 2019
Announced in the spring budget of 2015, Making Tax Digital (or MTD) is the government’s pioneering initiative to modernise the UK tax system. By introducing digital record keeping across the board, the programme is set to revolutionise the way we d
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General / February 11th 2019
January 31st is a tax advisers worst nightmare when it comes to filing deadlines. Many will understand that as the end of January draws in, working hours get longer and most new year’s resolutions regarding ‘eating healthier’ and ‘hitting the
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General / January 21st 2019
Bookkeeping is fundamental to the success of any enterprise, big or small. It provides a systematic record of your company’s financial transactions, from sales and investments to expenses and payroll, and, done properly, it can help your business t
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General / December 10th 2018
With the government at loggerheads over Theresa May’s withdrawal agreement, and whispers in Whitehall growing ever louder over the possibility of a no-deal Brexit, the UK, at least in the short term, is facing an uncertain future. Whether you’re
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