small business

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Why FAAS Accountants Should Be Your First Choice?

If you’re searching for experienced and reliable accountants in Morden, you’ve likely come across many options. But how do you know which one truly understands the needs of local businesses, freelancers, and landlords? That’s where FAAS Accountants, a highly rated team of Morden accountants, stands out from the crowd. Who Are FAAS Accountants? Based in […]

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The ultimate Guide on Accounting for Amazon FBA Businesses

Running an Amazon FBA (Fulfillment by Amazon) business can be highly profitable, but managing finances and accounting properly is crucial for long-term success. Many sellers struggle with bookkeeping, VAT compliance, and reconciling Amazon payouts—especially in the UK, where ecommerce accountants in London specialise in helping Amazon FBA sellers stay compliant. In this comprehensive guide, we’ll cover:✅ What is

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What is National Insurance in the UK?

National Insurance (NI) is a tax system in the United Kingdom that funds the State Pension, NHS, and various welfare benefits. Contributions are made by both employees and employers, and the rates depend on earnings and employment status. However, certain payments made by employers are exempt from National Insurance contributions. Understanding these exemptions can help

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Affordable Accounting from AAT-Registered Accountants

When it comes to managing finances, finding an affordable accountant who still delivers competent, reliable service can make a big difference to your bottom line. However, not all “cheap” accountants are created equal. If you’re looking for budget-friendly accounting services, an AAT-registered accountant can provide exceptional value without high costs. AAT (Association of Accounting Technicians)

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How to Recover UK Tax When Leaving the UK Mid-Tax Year

If you’ve been working in the UK as an employee and had tax deducted from your pay, but you’re planning to leave the UK partway through the tax year, you might be eligible to reclaim some of the tax that was taken from your earnings. The UK operates a “pay as you earn” (PAYE) system

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Director Loan Accounts and Section 455 Explained

Discover how Director Loan Accounts work and what Section 455 tax means for UK business owners. Learn key rules, repayment timelines, and tax implications. Outline What is a Director Loan Account? Types of Director Loan Accounts What is Section 455 Tax? How Section 455 Tax Works? Example of Section 455 Tax Interest on Director Loans

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Simplified Expenses for UK Taxpayers: What You Can Claim

If you’re self-employed or run a small business in the UK, managing your expenses is an important part of saving money on taxes. One way to make this easier is by using simplified expenses. These are flat rates set by HMRC, so you don’t have to work out exact costs or keep loads of paperwork.

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Can Sole Traders in the UK Claim Pre-Trading Expenses?

Outline Introduction What Are Pre-Trading Expenses? Can You Claim These Expenses? How to Claim Pre-Trading Expenses Conclusion FAQs (Frequently Asked Questions) Can Sole Traders in the UK Claim Pre-Trading Expenses? Starting a business as a sole trader in the UK involves a range of costs even before you officially begin trading. These expenses, known as

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Small Business Tax Saving Guide

Outline Introduction Understanding Business Taxes What are Business Taxes? Types of Taxes for Different Business Structures Importance of Tax Planning for Your Business Tax Planning Strategies for Businesses Maximising Deductions Utilising Tax Allowances and Reliefs Strategic Business Tax Planning with FAAS Accountants Advanced Tax Planning Techniques Investing in Tax-Efficient Assets Benefits of R&D Tax Credits

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