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small business rate relief

Small Business Rates Relief: Everything You Need to Know About

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Business rates are the taxes imposed to enable the funding for services in your local authority. The business rates examples include charges on different properties, including offices, shops, and warehouses.  However, with rising inflation, the government has provided small businesses with a small business rates relief scheme. Small business rates relief is a discount that …

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sage 50

Sage 50: Features, Benefits, and Comparisons

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Are you considering using Sage 50 as your accounting software? If so, you’re in luck! In this comprehensive guide, we’ll discuss all of the features and benefits of the program. The guide will also compare it to other popular accounting software.  Sage 50 is comprehensive accounting software that manages your finances and business operations. It …

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uk tax allowance

The ultimate guide to the UK’s tax allowance in 2022

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A tax allowance is an aggregated amount that is deducted from your total income when calculating your taxable income. This includes the National Insurance payment as well. What is the UK tax allowance for 2022? This is a question that many people are asking as the date draws nearer.  In this blog post, we will …

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metaverse fashion week

Metaverse Fashion Week: The Start Towards Digital Fashion

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Everybody knows about metaverse since Mark Zuckerberg transformed Facebook into Meta. For those people who are still oblivious about metaverse, it is a formation of virtual worlds that exist outside of online gaming platforms. The Metaverse Fashion Week combines the aspects of the digital and physical worlds. As most people believe that metaverse is the …

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most expensive NFTs

Most Expensive NFTs: Fun, Trend or Boom

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The year 2020 was a corona-induced year filled with uncertainties but this was also the year when decentralised financial transactions exploded in the industry. People started making massive investments in Non-Fungible Tokens (NFTs). Most expensive NFTs are cryptographic tokens that are unique and have individual characteristics. NFTs are not only providing vast business opportunities but …

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Impact and Future Mechanism of NFT Blockchains

Impact and Future Mechanism of NFT Blockchains

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The hype about Non-Fungible Tokens (NFTs) is not going to end soon because NFTs are opening new dimensions of marketplaces and the digital ecosystem. NFTs are tokens that have their individual and unique characteristics and are not interchangeable. The decentralised nature of technology on a global level has urged people to adopt new and feasible …

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First Year Allowance: How To Get It

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The first-year allowance is a 6 to 100% deduction from qualifying capital expenditures. It applies to the purchase of machinery bought in the United Kingdom. A first-year allowance helps new businesses work out their expenses. Once they earn profits, they can move towards capital allowance. Any equipment bought in the first year of business is …

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capital allowance

Capital Allowance: Everything You Need To Know

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Capital allowance is a form of tax relief that companies may claim. Capital allowance is on most assets bought for use in the business. It ranges from equipment and research costs to spending on building improvements, etc. The term Capital allowances were first used in 1946 to encourage investment and sustain British industry after the …

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Writing Down Allowance: Using It To Your Advantage

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Managing a business requires expertise. Cash inflows in a business are balanced against taxes to obtain viable profits. A writing down allowance provides a sigh of relief for new and old business owners as it reduces the taxes on purchasing machinery or installing a factory.  A writing down allowance is the percentage of the value …

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