Buying an established business provides a path that many follow to fulfil their desire to enter into business or expand existing operations. Like buying a second-hand car or house the need for care and due diligence is essential as this could represent the opportunity...
Residence is determined by a number of factors including how many days you spend in the UK, where you work and where you have homes. A person may be resident for tax purposes in more than one country in which case their status may be determined by tax treaties between...
Making a Will is one of the most fundamental aspects of estate planning, yet many people do not appreciate its importance. It is an essential document that seeks to ensure your assets are distributed in accordance with your wishes. You will thus be assured that you...
Expenses Expenditure incurred before the company year-end might reduce the current year’s tax liability instead of next year’s. Bringing forward expenditure by even a few weeks on, for example, building repairs, advertising, sales and marketing campaigns,...
In a sales control account, the total of outstanding invoices at the beginning of the period and invoices raised during the period, less payments received for invoiced income, will give a balancing figure of invoices still outstanding at the end of the period –...
In a purchase ledger control account, the total outstanding invoices at the beginning of a period and invoices received during that period, less payments made for invoiced supplies, will give a balancing figure of invoices still outstanding at the end of the period...
