Closing down a limited company can be a difficult operation, especially if it hasn't been trading for a long time and still has assets...

Contracting through your own limited corporation is likely the best option. You'll have more liberties, and you'll be able to keep more...

Because you are disposing of an asset when you transfer it to someone, you may have to pay capital gains tax (CGT). The restrictions vary...

The primary distinction between public and private accounting is that public accounting is the accounting of financial documents that...

Pay when you're sick When an employee is unable to work due to illness, sick pay is paid. Sick Pay is a legal requirement. Sick pay is...

Governments recognise that encouraging people to start businesses and employ others is beneficial to the economy and that any tax on...

A unique registration number will be assigned to each of your VAT-registered suppliers. If your company is VAT-registered, you'll need...

Accounting Chart of Accounts The University Financial Statements and internal management accounts are completed using the General Ledger...

HMRC assigns you a tax code, which your employer or pension provider uses to estimate how much tax you should pay. If your tax code is...

Financial accounting is the collection of accounting data in order to compile financial statements, whereas managerial accounting is the...