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What exactly is a Bookkeeping Service?

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  Bookkeeping is the process of keeping records of financial transactions for your company. The bookkeepers are expected to report on the activities of your business on a regular basis in financial reports. These reports highlight the financial condition and the efficiency of your business. In addition to keeping books and financial records, bookkeeping services include: Making tax returns Invoicing Monitoring performance indicators cleaning out books of accounts keeping track of accounts payable and paying accounts payable Reconciliation financial statements and bank statements conducting the process of budgeting or cash flow analysis management reports But it is vital to understand that bookkeeping service is different from accounting. Bookkeeping involves keeping the day-to-day financial records. Therefore, bookkeepers accumulate financial information, with the aid of financial statements, and books of...

VAT Services In UK | VAT On Business Entertainment

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  VAT Apply On Business Entertainment   Recent research has shown that corporate hospitality and events cost an average of PS1.5 trillion.   The event industry is approximately 35% of the UK's overall economy.   It is important for businesses to understand the tax implications of business entertainment given its large transactional volume.   Our team of tax specialists and researchers worked hard to create an in-depth guide that explains how VAT on entertainment for business and VAT on entertainment for staff works when providing entertainment to clients, employees, and other stakeholders. And We are ready to give you VAT Services . What is Business entertainment? Entertainment in corporate life is like its true meaning. It is a gesture of hospitality that a business entity offers its clients, stakeholders or employees for entertainment and goodwill.   Entertainment can be social activities, invitations to dinner, or sporting events. Businesses u...