NEWS

Information and updates about Amanah Accountants

Common accounting mistakes to avoid and how to fix them

Accounting mistakes can be costly and time-consuming to fix. Here are some common accounting mistakes to avoid and how to fix them:Not reconciling accounts regularly: Failing to reconcile your accounts regularly can lead to inaccurate financial statements. To fix this, make sure you reconcile your accounts at least once a month and investigate any discrepancies.Mixing

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How to prepare for tax season: Tips and tricks for organizing your finances

Tax season can be a stressful time for many individuals and business owners. One way to make the process easier is to start preparing early. Here are some tips for organizing your finances before tax season:Keep track of all your income and expenses throughout the year using accounting software or a spreadsheet.Organize your receipts and

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Passive income ideas

Passive income is income that you earn without actively working for it. Here are a few ideas for generating passive income:Investing in dividend-paying stocks: Dividend-paying stocks are a great way to generate passive income. When you own shares in a company that pays dividends, you receive a regular payout from the company, regardless of whether

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Why is an online presence important for growing a business?

In today’s digital age, having an online presence is crucial for the growth and success of any business.Having a strong online presence can help you reach a wider audience, increase brand awareness, and drive more sales. Here are some reasons why an online presence is important for growing your business:Reach a wider audience: An online

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What's the difference between a Limited Company and Sole Trader?

Choosing the right business structure is an important decision for any entrepreneur. Two popular options in the UK are setting up as a limited company or operating as a sole trader. Both have their own advantages and disadvantages, and the right choice will depend on your individual circumstances.A limited company is a separate legal entity from

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