Personal Finances

a blog featured image with a titled of What is Amortisation?

What is Amortisation?

Business owners have to face a reality that most of their assets—tangible or intangible—lose their value over time. These losses are measurable and have an impact on a business’s accounting practices. We will be tackling amortisation in this context. Amortisation is the process of quantifying the intangible assets’ gradual losses. It means spreading out the …

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a blog featured image entitled Questions To Ask Your Accountant - Checklist

Questions To Ask Your Accountant – Checklist

As your company grows, you will most likely want to hire a professional to do the real work: managing your finances. A business owner can only do so much. It is an edge and an excellent entrepreneurial practice to know your business’s ins and outs, from the manufacturing process to the financial statements. However, employing …

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a blog featured image entield What Happens if I Don't Pay My personal tax

What Happens if I Don’t Pay My Personal Tax

There are many reasons you might not be able to pay your taxes by the appointed deadline. Whether it may be a financial problem or some unforeseeable circumstance, not paying taxes can lead to more expensive problems down the road. So what do you do if you can’t meet the deadline for personal tax payment? …

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a featured blog image for a topic All the Things You Need to Know About Registering Your Own Solo Business with the HMRC

All the Things You Need to Know About Registering Your Own Solo Business with the HMRC

In the United Kingdom, the most common way of starting a business is registering as a sole trader. Simply put, sole trader businesses are very small businesses with low turnover, low risk, and with a single owner. If you are also just starting to work for yourself, you’re classed as a sole trader. This means …

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a banner image for a blog entitled Landmark HMRC Case Sees Contributions into Pensions of Non-Cash Assets Not Attracting Tax Relief

Landmark HMRC Case Sees Contributions into Pensions of Non-Cash Assets Not Attracting Tax Relief

The Upper Tribunal ruled in favour of the HM Revenue & Customs that members of a Self-Invested Personal Pension would not be able to claim tax relief on non-cash contributions towards their pensions. The ruling comes after the Upper Tribunal confirmed that the phrase “contributions paid” in s.188, Part 4 Chapter 4 of FA 2004 only applies …

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When Your Facebook Ad Spend is a Complete Waste of Money

WHEN YOUR FACEBOOK AD SPEND IS A COMPLETE WASTE OF MONEY

If you are currently getting on discovery calls and have less than a 50% close rate (i.e. less than 50% become buyers) then your issue, and lack of clients, is not due to a lack of leads. Your problem is one thing. Your message is not attracting your ideal client who is ready to commit to working …

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