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10 things you should know about payments on account if you’re self-employed

Cheap Accounting

Many self-employed people (AKA sole traders) who complete a Self-Assessment tax return for the first time are left somewhat baffled when their tax bill is much bigger than expected. It happens because after they file their first Self-Assessment tax return, they find out they need to make a “ payment on account ”. .

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You’re wrong, Elon! Home working isn’t morally wrong – especially for accountants 

Accounting Insight

Navigating tax returns and audits can be an arduous journey, accompanied by looming deadlines that lead to late nights and weekend commitments at the office, coupled with a substantial dose of stress. Again, let’s again flip this around for the employer – happier accountants mean less turnover. we’re all human after all.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. While the average mean salary for accountants in the U.S. I want to be very clear: The PCAOB will not tolerate exam cheating nor any other unethical behavior, period.

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