Accountancy Knowledge Hub
At LT Accounting, we recognise that keeping up-to-date with the latest accountancy news and regulatory changes is not merely a requirement—it’s a strategic edge for your UK business. Our knowledge hub is committed to delivering the most current and influential accounting insights, trends, and updates.
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What is a Company Shareholder?
Hello, dear business enthusiasts! Are you ready to dive headfirst into the fascinating world of company shareholders? Whether you're a seasoned investor or just dipping your toes into the murky waters of stocks and shares, this blog post is here to enlighten you. Let's journey through the labyrinth of shareholder [...]
Your Ultimate Guide to the 1257L Tax Code
Welcome to our comprehensive guide on the 1257L tax code! If you're scratching your head at those mysterious numbers on your payslip, you've come to the right place. We're going to break it down for you in a friendly, humorous way, ensuring you leave with a smile and a clear [...]
How to Reduce Tax on Your Holiday Let Rental
Are you a holiday let owner looking to keep more of your hard-earned money? Well, you've landed on the right page! Owning a holiday rental can be incredibly rewarding, but let's be honest—taxation can feel like a never-ending series of hurdles. Fear not! We’re here to turn that hurdle into [...]
What is the VAT Reverse Charge?
Navigating the labyrinth of VAT regulations can feel like herding cats, especially when it comes to the VAT Reverse Charge. This quirky mechanism flips the script on how VAT is typically collected and can leave many scratching their heads. But fear not! We’re diving into the nitty-gritty of the VAT [...]
Financial Management for E-commerce Businesses
Your Ultimate Guide to Bookkeeping Bliss Hey there, fabulous e-commerce entrepreneurs! Ever felt like managing your online store’s finances is like trying to juggle flaming torches while riding a unicycle? Fear not! We're here to help turn that financial circus into a well-oiled accounting machine. In this blog post, we’ll [...]
What Are Trade Debtors?
Introduction to Trade Debtors Understanding the Concept Trade debtors, also known as accounts receivable, refer to the amounts owed to a business by its customers for goods or services delivered on credit. These receivables are recorded as assets on the balance sheet. This article has be created to answer [...]