Tag: accounting tips

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Navigating the Pre-Trading Loan Tax Trap: Sole Trader vs. Company Tax Relief

Starting a new business often requires financial support in the form of loans. These loans are typically used to purchase stock, make initial rent payments, or cover deposits. However, whether the business is set up as a sole trader or a company will significantly influence when interest on pre-trading loans becomes tax-deductible. Here’s how it

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8 Essential Accounting Tips for Independent Contractors 

The accounting field is rapidly evolving alongside technology. Contractors today operate in a digital-first business environment that demands new skills and agility from financial professionals. As tools like online invoicing, expense tracking apps, and cloud-based accounting software become standard practices, contractors must adapt their financial literacy. Whether you are a seasoned entrepreneur or new to

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