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financial planning for small business

Financial Planning for Small Business: Setting Long-Term Goals with Your Accountant’s Help

Running a successful small business is an exciting ride, but as you know, it comes with its fair share of financial challenges. That’s why having a rock-solid financial plan is an absolute must! Lucky for you, King and Taylor are here to be your go-to experts for all things accounting and financial planning. Keep reading …

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Understanding the Impact of Rising Interest Rates on UK Businesses

The Bank of England’s decision to raise interest rates can have significant implications for businesses in the UK. As interest rates climb, it’s crucial for business owners to comprehend the potential effects and adapt their strategies accordingly. In this blog post, we’ll explore the impact of rising interest rates on UK businesses, providing insights to …

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Demystifying Tax Deductions: A Guide for Individuals and Businesses

Tax deductions can be a valuable tool for individuals and businesses to reduce their tax liability and maximize their financial resources. However, understanding the ins and outs of tax deductions can be a complex endeavour. In this comprehensive guide, we aim to demystify tax deductions and provide you with essential information to navigate the world …

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Understanding VAT Thresholds: When to Register for VAT

Navigating Value Added Tax (VAT) regulations can be complex, particularly when it comes to understanding VAT thresholds and determining the appropriate time for VAT registration. In this blog post, we’ll provide insights into VAT thresholds, their significance for UK businesses, and guidance on when businesses should consider registering for VAT. Join us as we explore …

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Understanding Financial Statements: A Beginner’s Guide

Financial statements are a critical tool for businesses of all sizes to understand their financial health and performance. If you’re new to accounting or finance, understanding these statements can be a bit daunting at first. However, with a little guidance and some practice, you can learn to read and interpret financial statements with ease. In …

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Why is HMRC Investigating Your Business? Understanding the Consequences of a Tax Investigation

As a small business owner in the UK, it can be stressful and overwhelming to receive a notification from HM Revenue and Customs (HMRC) that your business is under investigation. While it can be tempting to ignore the notification or hope that it will go away, it is important to understand why HMRC is investigating …

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The Benefits of Outsourcing Accounting Services: Making Smart Business Decisions

As a business owner, it’s important to have a firm grip on your finances. Accurate and timely financial information is crucial for making informed business decisions and for staying on top of your financial obligations. However, managing your finances in-house can be time-consuming, costly, and may not always provide the level of expertise you need. …

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Common mistakes small businesses make with their taxes in the UK and how to avoid them

As a small business owner, it’s important to ensure that you are properly handling your taxes to avoid any legal issues or financial penalties. If you are unsure where to start when it comes to taxes and your business, it is always best to get in touch with a professional accountant in your area. King …

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