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Will higher inflation remain or is it slowing down?

The rate of inflation has continued to rise in the UK each month, growing from 0.7 per cent in January 2021 to more than 5 per cent in December last year. This is far higher than the Bank of England’s (BoE) long-term target of two per...

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Avoid the pitfalls of the SEISS scheme

Thousands of taxpayers benefitted from the Self-Employment Income Support Scheme (SEISS) as the pandemic raged over the last two years, before its closure last year.The scheme, which involved five grant payments, was set up by the Government to provide support for the self-employed, for example...

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How to make the most of cloud-based accounting software

The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners.The beauty of cloud accounting is that the software can be accessed anywhere that has an internet...

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Cash flow statements – How to avoid errors that damage your business

A cash flow statement provides data about all cash inflows a company receives from its operations and investments. It tells you how much cash is entering and leaving your business in any given period. Along with balance sheets and income statements, it is vital for managing your...

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Are you making the most of super-deduction tax relief?

Businesses across the UK are already benefitted from the temporary tax relief offered by the super-deduction but many more could still be missing out on this vital support. The super-deduction scheme was introduced on 1 April 2021 and will run until 31 March 2023. It allows...

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