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What is the significance of a P11D form?
What is a P11D form? A P11D form copy is issued by UK employers to employees mentioning any ‘benefits in kind’ they receive and is sent to the HMRC for compliance purposes. These benefits in kind are services or items that are not included in salaries or wages and...
Bounce back loan scheme to provide financial support to businesses across the UK
What are Bounce Back Loans? Bounce Back Loans are intended to provide financial support to businesses across the UK witnessing tight cash flow and falling revenues as a result of COVID-19 outbreak. This means that your clients affected adversely due to the coronavirus...
Running your accountancy firm in COVID-19 circumstances
COVID-19 has been one of the most unexpected and disrupting events of 2020 that has pushed a number of industries to a complete standstill. From changing their business model to completing shutting their operations, firms are forced to rethink ways to survive in these...
Variable Outsourcing Cost vs Fixed HR Cost
Over the course of the last five years, outsourcing within the accountancy sector has expanded rapidly due to numerous different contributory factors. The most prominent of which are the following aspects: Increased internal costs Technological advancements...
Guide to Succession Planning for Accountants
Put simply, succession planning can be defined as a process whereby the ownership of your firm is transferred to another person or practice. This often occurs when the owner or founder of the firm has an inability to continue to provide services due to unforeseen...
Why Accountancy Firms Choose to Outsource
Rapid development within the industry has caused an increasing number of companies to search for a reliable provider of accountancy services. With that in mind, outsourcing has become largely desirable, as it undoubtedly has the potential to positively benefit...
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