Is there a difference between tax avoidance and evasion? Does it matter? They may seem similar, but they are different concepts with different implications. In this week’s I Hate Numbers podcast I look at the difference between tax avoidance and...
Filing taxes in the UK is a mandatory legal requirement for any individual, business or organization that meets certain criteria. While you may be tempted to put it off until the deadline, there are numerous benefits to filing your tax return early for...
KPIs for Each Responsibility Centre increases the power of Responsibility Accounting. Numbers are our best business friend, moreover, KPIs are our best buddies. Managing a business comes with many responsibilities, including Firstly, preparing...
Responsibility Accounting: A Comprehensive Guide Responsibility Accounting is a powerful management tool. It holds decision-makers accountable for financial outcomes. This article takes a further look in an easy to understand way. Let’s dive into what...
Business capacity is the maximum amount of work a business can handle within a given period of time. This measure helps businesses understand their limitations and plan accordingly. For example, a bakery has a limited capacity for producing baked goods. ...
UK company directors are treated differently from other employees when it comes to National Insurance. This is because they are considered to be self-employed, even if they only work for one company. As a result, they have to pay National Insurance on...
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