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Many entrepreneurs think they can do it all when they first start their business. In the beginning, doing everything from administrative tasks, marketing, and bookkeeping might not be a choice but necessity, since funds are strapped and there is barely any cash flow. There comes a time when delegating certain aspects can actually help your […]
A person with non-domicile status is someone whose permanent home is located outside of the UK. It has been a system integrated into British law for over 200 years and allows people to reduce the tax they pay from overseas earnings. The non-dom ruling has gained controversy over recent years as the wealthiest seek to […]
As an accounting firm, we were horrified to learn that more than half of businesses don’t survive past their fifth year. Without proper budgeting, a decent ‘’cash in, cash out’’ log and well-kept books, it’s easy to trap yourself- and your business- in the black holes of disorganisation and loss, with nothing but empty accounts […]
Here at West London Accountants, we’ve been getting a lot of questions from employers about Pension Auto Enrolment. Pension Auto Enrolment, AKA Automatic Enrolment, is a law which means all employers must automatically enrol their workers into a workplace pension scheme. While your employees do not have to do anything (hence the “auto”), it certainly […]
Welcome back for the second part of our start-up financing mistakes blog. We know you’ve been waiting, so without further delay… Not Doing Anything About Your Credit This one is serious. You’ve jumped through a myriad of hoops to get your business off the ground – forming an entity, pouring hours into deciding whether to […]