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start up business financial considerations
The strength of a home’s foundations can determine its longevity and survival in the face of calamity. In the same way, a start-up business should have strong financial fundamentals—an area where chartered accountants in Bristol can prove rather indispensable. Here are some helpful hints about properly gearing your business towards a successful and financially…
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Better Bookkeeping in Bristol Needed as Business Rates Face Reform
It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…
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Bristol Accountants: Indispensable Expertise for Start-up Businesses
The strength of a home’s foundations can determine its longevity and survival in the face of calamity. In the same way, a start-up business should have strong financial fundamentals—an area where chartered accountants in Bristol can prove rather indispensable. Here are some helpful hints about properly gearing your business towards a successful and financially sound…
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Better Bookkeeping in Bristol Needed as Business Rates Face Reform
It used to be that consumers had to trudge all the way to brick-and-mortar stores to obtain the goods they needed. These days, however, a growing number of retailers run both physical outlets and online storefronts. Unfortunately, the retail taxation system hasn’t changed as much, which explains why many businesses are still being taxed according…
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Accountants in Bristol Can Help Avoid Penalties for Poor Bookkeeping
For most people, the end of one year and the start of another means celebrating the holidays and looking forward to start anew. For businesses, it usually means managing finances from the year before and getting ready for the immediate financial future. Particularly, this entails preparations for the end of the current tax year and…
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Survey Finds Bristol Bookkeeping Professionals Sure About the Future
A recent survey by accounting software provider IRIS revealed that accountants and bookkeeping professionals in Bristol and other areas across the United Kingdom are optimistic about the nation’s economic future. 59% of those surveyed express hope for their clients’ businesses, while 72% thought their respective companies will also be on the rise in 2014.
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Tax Tips Accountants in Bristol Should Give Small business Owners
Starting a small or medium sized business can be tough, especially in industries where firms have to scramble to stay in the game along with the corporate giants that dominate the market space. However, if you just play your cards right, you might find such a venture your most lucrative and rewarding enterprise yet. All…
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Basics of Bookkeeping in Bristol: Elements of Financial Assessment
You don’t have to own a business to realise the importance of checking your finances at the end of each fiscal year, if only to ensure that you aren’t shelling out more than what you’re putting into your account. While many Bristol bookkeeping and accounting professionals like Wormald & Partners Chartered Accountants offer their services…
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Small Business Enterprises and Outsourced Bookkeeping in Bristol
The realbusiness.co.uk website has an article that discusses how SMEs could use the services of an accountant, especially if the enterprise only has one employee. It would be difficult to rely solely on just one person for everything, so bookkeeping duties can be assigned to accounting services instead. There are various advantages according to the…
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NEW IHT RULES RELATING TO LIABILITIES
NEW IHT RULES RELATING TO LIABILITIES This will not only impact NON UK Domiciled individuals but also any other person subject to UK Inheritance Tax (IHT) on their worldwide assets. NON UK Domiciled Person: Were you intending to borrow monies against UK held property and invest these monies outside the UK, thereby converting these funds…
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CAP ON UNLIMITED INCOME TAX RELIEFS
CAP ON UNLIMITED INCOME TAX RELIEFS Do you have trading losses in the current year from your business (Sole Trade or Partnership)? Do you have losses arising in your property business as a result of claiming Capital Allowances? Have you paid interest on monies borrowed for a qualifying purpose, such as investing in a business,…
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THE NEW STATUTORY RESIDENCE TEST
THE NEW STATUTORY RESIDENCE TEST The 2013 Finance Bill has introduced new Legislation to put the matter of UK Residence Status on a legal footing rather than having to rely on past practices, changes in interpretations and case law. This should provide more certainty to people moving in and out of the UK temporarily or…
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Proposed Changes To The Taxation Of Relevant Property Trusts
HMRC have published a consultation document which would have wide repercussion for clients who have set up or are considering setting up several trusts on separate days. Under the current rules each trusts is treated as having its own nil rate band which can generate substantial IHT savings. As part of looking to simplify how…
