Many of us are beginning to feel the impact of the cost-of-living crisis, which can affect all aspects of life, especially if you have a business to run. Small changes to the way you operate, such as identifying alternate suppliers, and putting energy saving measures in place can have a significant impact on your overall […]
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When it comes to registering your business, you have a big decision to make. Today, we’re looking at the advantages of being a sole trader and what it means for your venture over the long term. Self-employment is on the rise, with more and more individuals deciding to go solo and set up their own […]
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Wondering whether you need a bookkeeper or an accountant? Is there actually any difference at all? The experts at TT Accountancy explain all you need to know. Many firms offer a range of business accounting services to support better financial development and growth for your company. These can range from payroll solutions to economic consultancy and profit […]
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Self-employment is on the rise, and it has been for quite some time. Figures show that since 2001, we’ve seen more than a million new self-employed workers move over from traditional forms of employment. That puts the current UK’s working population at over 15% self-employed. Self-employment appears to be a very attractive opportunity. With that in […]
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In accountancy, standards are used to ensure consistency throughout the industry. They also exist to promote transparency and to ensure the information provided is consistent, relevant, and useable – saving time and resource for the provider as well as the party under scrutiny. Accounting standards are critical so that companies working in tax and accountancy can deliver […]
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Accounting for revenue and expenses can help keep your business running smoothly. Make sure you maintain proper bookkeeping and have a basic knowledge of business finances. Start with a balance sheet The balance sheet is the foundation of managing your finances. It operates as a snapshot of your business financials. It helps you keep track […]
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