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Category Archives: Accountancy Advice

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What Happens When You Declare Bankruptcy In The UK?

Posted on by Murray & Lamb

Bankruptcy is a method of dealing with and clearing your debts. However, it should only be considered as something of a last resort due to its severe consequences. If you can’t pay back your debts and you have exhausted all other options open to you – such as debt relief orders or individual voluntary arrangements … Continue reading

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Should I Hire an Accountant?

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When to Hire an Accountant If you’re running your own business, there are many occasions in which the aid of a professional accountant can make your life easier. Without the necessary understanding of business finance and legislation, it is common for business owners to get bogged down and confused by their financial figures. For this … Continue reading

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What does an Accountant do?

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What does an accountant do?  Everyone knows accountants work with numbers and deal with finances, but the role can be a lot more varied than most people expect. An accountant can be incredibly useful, giving you trustworthy guidance to help your business become more efficient, providing you with strategic advice and saving you money. In … Continue reading

Posted in Accountancy Advice, Finance, Income Tax, Payroll, Sage Software, Start Ups, Uncategorized | Leave a comment

How is your tax spent?

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Often, individuals can feel frustrated by taxes because although they clearly see the figure coming out of their income, they don’t directly see the benefits of it being spent. In recent years, the government has tried to combat this dissatisfaction by sending out information on the breakdown of the tax you pay. However, more could … Continue reading

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5 Ways To Make Your Business More Tax Efficient

Posted on by Murray & Lamb

Paying tax is an important aspect of business but can often be a time-consuming process. However, it is worth knowing that good tax planning can be a way to save you money and increase efficiency in your business. An accountancy service, such as that provided by Murray & Lamb, can aid you in handling your … Continue reading

Posted in Accountancy Advice, Corporation Tax | Tagged | Leave a comment

Cashflow Forecasting Rules

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Cashflow forecasting is a key element in managing your business’ finances. It is carried out by recording all cash ingoings and outgoings (i.e. good bookkeeping) and using these to create estimates of future income and costs. Cashflow forecasting is a vital practice which allows you to make predictions about your finances at any given point … Continue reading

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4 Reasons That Bookkeeping Is Important

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Running a business and keeping on top of its finances can prove an arduous task, especially if you fail to organise your accounts correctly – issues with your accounting can see your finances spiral out of control and ultimately bring down your business. For instance, poor bookkeeping practices could lead to you misrepresenting your profits … Continue reading

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Small Business Budgeting Basics

Posted on by Murray & Lamb

If you run a business, one of the most consistently worrying things about managing it will probably be the budgeting. After all, your business’s success relies entirely on your ability to exceptionally budget your finances. Therefore, it’s crucial that you figure out a system that encourages responsible budgeting, but provides you with the means to … Continue reading

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Why Should I Modernise My Finances?

Posted on by Murray & Lamb

Having your finances in order is essential for any business, whether it’s small or large. However, there are a multitude of ways for you to organise your finances, with more efficient methods arising all the time. In this article, we’ll be looking at why you should consider modernising your finances to reap the benefits of … Continue reading

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Do I need an accountant or a financial planner?

Posted on by Murray & Lamb

The financial side of your business serves as the essential backbone of your entrepreneurial venture, so keeping your finances in check and effectively planning ahead is absolutely crucial for the ongoing success of your company. However, for the majority of business owners the intricacies of tax and finance may be difficult to keep in check, … Continue reading

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