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Switching Accountants: What to do when your accountant stops responding?
Accountants are extremely important to the running and functioning of any business. As a result, you must ensure they are the ones who make things easier for you. Below we discuss why you should switch accountants and some of the reasons they may not be responding....
What is the Correct Accounting Treatment of Coronavirus Business Grants?
As companies get ready to utilize numerous business grants announced by the UK government to ensure their business survival in light of the COID-19 situation, one question remains largely unaddressed – particularly regarding the recognition, treatment and presentation...
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...
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