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Year-End Accounting Checklist for UK Businesses: A Guide by King and Taylor

As the calendar year draws to a close, UK businesses are presented with a crucial task that can significantly impact their financial health and compliance—completing a comprehensive “Year-End Accounting Checklist.” At King and Taylor, your trusted accounting partner, we understand the importance of this annual ritual. It’s not just about wrapping up financial affairs; it’s […]

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Managing Self-Assessment Tax Returns: A Step-by-Step Guide for Sole Traders

Welcome to our comprehensive guide on managing self-assessment tax returns for sole traders in the UK, brought to you by King and Taylor. We understand that navigating tax obligations can be complex, but you don’t have to do it alone. At King and Taylor, we’re here to help you through every step of the process.

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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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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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