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5 Accounting mistakes small business owners often make in their first year
If you have recently started your first business, there can be a lot to take into account. However, one element of your company you need to get right is your finances. Read on to discover some of the most common accounting errors that small business owners make in their first year so that you can avoid them.
Spring Statement In Short (Robin’s Reaction)
The first Spring Statement was never going to be a big tax event. When it was announced that the annual budget would move to the Autumn it was also explained that it would be the only budget of the year leaving the Spring Statement to be more of an “end of year” report. And so it was with previous forecasts being revisited.
R&D TAX CREDITS IS YOUR BUSINESS ELIGIBLE?
Research & development tax credits are perhaps one of the most valuable tax breaks available to SMEs & large businesses. Our experienced team can help you identify qualifying projects and relevant expenditure, then make the claim application with you to give you the best chance of success.
Should you make the switch from sole trader to LLC?
Making the decision to switch from being a sole trader to a company can be difficult if you’re unaware of accounting and tax rules. This useful summary will help provide some of the key tax and legal implications when turning your business into a limited liability company.
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