In the world of accounting, it’s essential to have more than just a surface-level understanding of our clients’ finances and business needs. Recently, we came across a great article on accountingweb.co.uk by their Community and Editorial Assistant, Molly MacFarlane, that really resonated with us. In our line of work, we get to know our clients…
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When starting a business, one important decision to make is whether to operate as a sole trader or set up a limited company. Both options have their own advantages and disadvantages. Let’s outline the key differences between the two
VAT is a tax that is charged on goods and services in the UK. Many businesses are required to register for VAT if their turnover exceeds a certain threshold, but there are some benefits and drawbacks to being VAT registered.