carterbookkeeping
Understanding UK Tax Bands for Sole Traders
The UK tax band system can be quite a puzzle, especially for newcomers in the business world. For sole traders, wrapping your head around...
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carterbookkeeping
- Sep 15, 2023
- 3 min
A Tax Guide for Sole Traders
The world of business is filled with opportunities and challenges. As a sole trader, you stand at the heart of every decision, guiding...
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carterbookkeeping
- Sep 15, 2023
- 3 min
Allowable Expenses - What Can and Can't Be Claimed
When the time rolls around for your self-assessment, the dilemma often faced is discerning exactly which expenses can and cannot be...
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carterbookkeeping
- Aug 25, 2023
- 3 min
From Cakes to Pasties: The Deliciously Complex World of VAT
Value-Added Tax (VAT) can be more of an art form than a science, with complexities and nuances that defy simple categories. While the...
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carterbookkeeping
- Aug 25, 2023
- 3 min
Building Financial Confidence for Sole Traders
Being a sole trader is a rewarding but challenging venture. You are the captain of your ship, steering your business in the direction you...
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carterbookkeeping
- Aug 14, 2023
- 3 min
Paying Yourself First: A Smart Financial Strategy for Sole Traders
Being a sole trader is a fantastic way to take charge of your professional life. However, it also means that you're in charge of every...
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carterbookkeeping
- Aug 14, 2023
- 3 min
Navigating HMRC Investigations
Financial management forms a critical pillar of any business. Among the various fiscal obligations that a business owner must manage, one...
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carterbookkeeping
- Jul 24, 2023
- 3 min
Beyond Number Crunching: The Strategic Role of Bookkeeping in Business Growth
Do you often find yourself groaning at the mere mention of bookkeeping? We don't blame you. It's easy to view bookkeeping as nothing more...
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carterbookkeeping
- Jun 30, 2023
- 3 min
Holistic Financial Review: Your Key to Business Compliance and Accuracy
In the realm of business, maintaining financial health is paramount. Yet, between managing day-to-day operations, marketing, staffing,...
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carterbookkeeping
- Jun 30, 2023
- 3 min
The Significance of VAT: A Deep Dive into Its Implications for Your Business
If you are a small business owner in the UK, navigating the complexities of the Value Added Tax (VAT) system can seem daunting. Yet...
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carterbookkeeping
- Jun 20, 2023
- 3 min
Decoding Bookkeeping: The Backbone of Your Business
As a small business owner, you may have heard the term "bookkeeping" tossed around. It may even be a responsibility that's landed on your...
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carterbookkeeping
- Jun 8, 2023
- 3 min
Pros and Cons of Voluntary VAT Registration
To Register or Not to Register: Pros and Cons of Voluntary VAT Registration For many small business owners, deciding whether or not to...
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carterbookkeeping
- Nov 17, 2022
- 2 min
Autumn 2022 Budget
There was a lot to digest after todays budget announcement, so here is a recap: Income Tax Threshold - previously, 45p in every £1...
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carterbookkeeping
- Oct 3, 2022
- 2 min
The Digital Age
The Digital Age - Making Tax Digital (MTD) - What is it? 'MTD is a key part of the government’s plans to make it easier for individuals...
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carterbookkeeping
- Sep 9, 2022
- 2 min
Bookkeeping 101 - Part 2
Keeping Organised and In Control Following on from my blog 'Bookkeeping 101' I want to extend the tips to help business owners better...
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carterbookkeeping
- Mar 22, 2022
- 2 min
VAT Disbursements
What are disbursements? Disbursements are payments you make on behalf of your customers for goods or services received and used by them....
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carterbookkeeping
- Mar 22, 2022
- 1 min
Domestic Reverse Charge - Invoice Information
If you are affected by the VAT Reverse Charge then you may need to know how to show this information on the invoices to your customers....
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carterbookkeeping
- Feb 16, 2022
- 1 min
Domestic Reverse Charge - What Is It?
The VAT domestic reverse charge procedure is an anti-fraud measure designed to counter criminal attacks on the UK VAT system by means of...
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carterbookkeeping
- Feb 3, 2022
- 2 min
When to register for VAT
Do I need register with HMRC for VAT? You must register with HMRC for VAT when your sales turnover reaches the VAT threshold of £90,000...
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carterbookkeeping
- Feb 3, 2022
- 2 min
Bookkeeping 101
Many new business owners tend to take on all roles of the business in order to have more control and to save on money until such time...
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