Accountants in Croydon

 When you start your e-commerce business as an Amazon seller you should be confident enough with the way you will do it's accounting. Staying on top of your accounting record means that you are less likely to miss your accounting and tax deadlines and therefore less likely to incur any penalties. If you have an amazon seller account, amazon will prepare the summary of your income and expenses, you need to get used to all the terms so you can calculate the profits accurately and also understand how you are doing in your business. To make your annual accounts and calculate your profits you can do your amazon accounting on the excel sheets or you can choose an accounting software as well. If you chose to do the accounting yourself or you chose to hire an accountant in either case you should know exactly how your profits will be calculated. The key to accounting is understanding and recording the following: The money coming in The money going out Make sure you keep the evidence for all...

 Entrepreneurs relief which is now known as Business Asset Disposal Relief is one of the reliefs available to the business owners and the entrepreneurs when they sell the asset.  If you are eligible for this relief it will help you reduce the capital gains tax that you pay on the disposal of an asset.  You will only have to pay 10% on the profit that you make as a result of the disposal of a qualifying asset instead of a normal CGT which is paid at 10% or 20%. Am I eligible for the Business Asset Disposal Relief if I am a Contractor? In the following cases a contractor can qualify for Business Asset Disposal Relief: If he is working through their own limited company. In this case the contractor is the company's sole director and employee If you are working as a sole trader or a partner You will not qualify for business asset disposal relief if you work through an umbrella company.  As a sole trader you are eligible for the reduced rate of CGT(business asset disposal ...

 Most small business owners think that their accountant is their most valuable advisor. A good accountant will keep your books in order, help you plan your taxes, and make sure that you meet all of your tax deadlines. Here are some tips from the Taxaccolega team to help you find the best accountant. How to find the Good Accountant for a Small Business 1. Do your research as early as possible. Consider hiring an accountant before you start your business, or as soon as you can. They will be able to give you advice on start-up costs and how to register with the tax authorities. They can also set up a company for you, sign you up for Corporation Tax and VAT, and set up your payroll if you want to go this route. 2. Make sure your accountant is qualified. Make sure that all of the accountants you want to hire have the right credentials. Most firms are members of a well-known accounting group like the ICAEW (Chartered Accountants) and ACCA (Certified Accountants). 3. Use the assistance of...