UK Business

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What The Banks Are Looking For When You Present Accounts For Lending

Applying for a loan is not always a bad venture. One way or another, you are going to need large upfront cash and eventually resort to borrowing money. It can be for an investment such as a small business, family vehicle, college tuition, or real estate. For huge investments and ventures such as these, applying …

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What Happens If I Miss MY PAYE Payment?

Where ever you will go, no matter what your status is, you cannot avoid the responsibility with tax. It can be your most significant contribution to the community and your duty as compliance with the government, or so they say. This article will also discuss paying an income tax through PAYE (Pay As You Earn) …

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The Best Challenger Bank Accounts for Business

A new financial service to aid your business ordeals has come into town. Challenger banks not only offer to store and safely keep your money—they go the extra mile.   They are providing individuals with the best services, specializing in the areas that big, established banks neglect. But which one is the perfect fit for …

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Profit First for UK Online Businesses

You may think that running an online business is a lot easier than managing a physical store. However, a lot is going on behind a virtual or digital operation. Even when you don’t retail physical goods but rather sell digital services, you might still find yourself stuck with the question: I know I’m earning a …

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What Is WIP?

Understanding and analyzing financial statements are the bane of most entrepreneurs and business owners. They often dread anything that has to do with the financial aspects of their business. Without a financial or accounting background, it would be hard to interpret the numbers written on your financial reports, thus making it challenging to come up …

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What is Amortisation?

Business owners have to face a reality that most of their assets—tangible or intangible—lose their value over time. These losses are measurable and have an impact on a business’s accounting practices. We will be tackling amortisation in this context. Amortisation is the process of quantifying the intangible assets’ gradual losses. It means spreading out the …

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What is EBITDA?

EBITDA refers to a company’s earnings before deducting interest expenses, taxes, depreciation, and amortization. It is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. As an indicator, it is used to calculate a company’s profit-making ability or its ability to generate income for its owners. Why use EBITDA?  The advantage of using …

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Eleven Profitable Business Strategies You Can Consider

Well-planned business strategies are important for an entrepreneur to ensure success and profitability. They act as roadmaps to your business goals so long as they are effectively executed. Here are profitable business strategies. Profitable Business Strategies for 2021 Like all strategies, you need to take into consideration the many factors that are affecting the market, …

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Can I Make Myself Redundant?

Employment Redundancy The thought of unemployment usually sends a shiver down your spine. But there are some situations where redundancy or job loss is preferred because the workforce needs to be reduced. Can you ever make yourself redundant by choice? Why yes, you can. Whether it is from wanting to change careers or from wanting …

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