Capital Gains Tax also referred as CGT, is tax applicable on capital gains. If you are an individual, then you can be liable to pay Capital Gains Tax on your personal assets, however if you are a sole trader or a partner in a partnership, then Capital Gains Tax might be applicable on the assets owned by your business.

Debit Note and Credit Note are two sides of the same coin and are different from each other in more than one way. Read here main Difference between Debit Note and Credit Note

Self-Employed Pensions : What should you be doing? - Self-employed persons don’t care much about their pension and they easily forget that they have to create a pension for their future.

Humans are prone to errors. We make lots of mistakes while preparing VAT returns which need to be amended as early as possible unless we have to face fines & penalties from HMRC in future. Read here - How to Amend a VAT Return

In case, you are starting a business, you need to understand and become familiar with few basic concepts of bookkeeping and accounting so that it will help grow your business. Read in detail about Small Business Accounting.

Several Features of Bookkeeping Software for Account...

Usefulness of Practice Management Software

Do you want to know more about invoicing? Or what type of invoicing you can send? Or what invoice accounting is? Here are your answers. 7 basic invoicing questions you were afraid to ask?

We are then informed how blockchain/AI/quantum computing will revolutionize the world and our industry. Whilst supporters of tech and some accountants are fascinated by the possibilities of what might be, many are overlooking the practice management solutions currently available.

The benefits of cloud accounting software are so strong that you can’t afford to wait any longer. MTD is mandated from April 2019, meaning the switch to digital is set in stone. You will be required by law to submit VAT returns digitally, for clients above the VAT threshold.