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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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Best Real Estate Accounting Tips for Agents and Brokers

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Setting up your real estate accounting system the right way will enable you to minimize the labor and stress involved in large-value transactions, extreme income fluctuations, employee pay formulas, and government regulations. Building construction. Select Your Accounting Method. Reconcile Your Bank Account Every Month.