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Showing posts from September, 2025

Balance sheet - What is Balance sheet in accounting?

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Image by/from RaphaelQS In financial accounting, a balance sheet or statement of financial position or statement of financial condition is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year. A standard company balance sheet has two sides: assets on the left, and financing on the right-which itself has two parts; liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Asset...

Experienced Accountants for Residential Care Homes in London

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Do you need an accountant for residential care business in London? Alexander Ene provides specialized accounting and tax services tailored for residential care homes, ensuring that these vital establishments can focus on delivering quality care without the stress of financial management. Serving London, our team of experienced professionals, members of the Chartered Association of Certified Accountants, offers proactive advice and comprehensive support in managing accounts, tax planning, and regulatory compliance. With a commitment to reliability and compassion, we understand the unique financial challenges faced by residential care providers and offer fixed fees for compliance work and competitive rates for ad hoc services, guaranteeing peace of mind and financial clarity for our clients. FEATURES - Expert Accounting for Care Homes - Proactive Taxation Strategies - Certified Chartered Accountants - Fixed Fees, Competitive Rates - Compassionate and Experienced Service Your Tr...

Experienced Accountants for Residential Care Homes in London

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Do you need an accountant for residential care business in London? Alexander Ene provides specialized accounting and tax services tailored for residential care homes, ensuring that these vital establishments can focus on delivering quality care without the stress of financial management. Serving London, our team of experienced professionals, members of the Chartered Association of Certified Accountants, offers proactive advice and comprehensive support in managing accounts, tax planning, and regulatory compliance. With a commitment to reliability and compassion, we understand the unique financial challenges faced by residential care providers and offer fixed fees for compliance work and competitive rates for ad hoc services, guaranteeing peace of mind and financial clarity for our clients. FEATURES - Expert Accounting for Care Homes - Proactive Taxation Strategies - Certified Chartered Accountants - Fixed Fees, Competitive Rates - Compassionate and Experienced Service Your Tr...

UK Tax for Non Residents

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Have you ever wondered how your UK income is taxed if you’re residing abroad? Navigating the complexities of international tax regulations can indeed be challenging. However, understanding the essentials of how UK income tax applies to you while you're living abroad, including the nuances of UK tax for non residents, can help you stay compliant and plan your finances more effectively. Let's take a closer look at the intricacies of handling tax on your UK income when you're living in another country. In addition, it's crucial to know the specific regulations related to UK tax for non residents to avoid any legal issues. Overview Introduction to UK Tax for Non Residents When living overseas, you still might have financial ties to the UK. This includes sources of income such as pensions, rental income from property, interest on savings, or wages. Despite being abroad, you will generally need to pay tax in the UK on these incomes. However, whether you’re obligated to do so ...

Depreciation Of Fixed Assets`

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In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease in value of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle). Depreciation is thus the decrease in the value of assets and the method used to reallocate, or "write down" the cost of a tangible asset (such as equipment) over its useful life span. Businesses depreciate long-term assets for both accounting and tax purposes. The decrease in value of the asset affects the balance sheet of a business or entity, and the method of depreciating the asset, accounting-wise, affects the net income, and thus the income statement that they report. Generally, the cost is allocated as depreciation expense among the periods in which the asset is expected to be used. Me...

Trade Name vs Registered Legal Name

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A trade name, trading name, or business name is a name used by companies that don't want to operate under their registered name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name with a relevant government body is often required. In a number of countries, the phrase "trading as" (abbreviated to t/a) is used to designate a trade name. In the United States, the phrase "doing business as" (abbreviated to DBA, dba, d.b.a. or d/b/a) is used, among others, such as assumed business name or fictitious business name. In Canada, "operating as" (abbreviated to o/a) and "trading as" (abbreviated to T/A) are used, although "doing business as" is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often bec...

Reliable Self Employed Accountants in Barnet | Alexander Ene Accounting and Tax Services

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Alexander Ene, Self Employed Accountants in Barnet, offers personalized accounting and tax services for self-employed individuals. The firm is well-known for its in-depth knowledge and customised accounting solutions across various industries. The team of highly qualified professionals provides a reliable, accurate, and confidential service to all clients. Leveraging cutting-edge accounting software and technologies, Alexander Ene improves efficiency, accuracy, and the client experience. The firm’s innovative pricing models make it an appealing choice for self-employed individuals seeking expert accounting and tax assistance. STAND OUT FEATURES OF OUR SERVICES Personalized Accounting & Tax Solutions Advanced Accounting Software & Technologies Innovative Pricing for Quality Services Highly Qualified Professional Team Reliable, Accurate, Confidential Services We’re more than just accountants, we’re your financial partners Let’s navigate your financial journey together,...

Reliable Self Employed Accountants in Barnet | Alexander Ene Accounting and Tax Services

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Alexander Ene, Self Employed Accountants in Barnet, offers personalized accounting and tax services for self-employed individuals. The firm is well-known for its in-depth knowledge and customised accounting solutions across various industries. The team of highly qualified professionals provides a reliable, accurate, and confidential service to all clients. Leveraging cutting-edge accounting software and technologies, Alexander Ene improves efficiency, accuracy, and the client experience. The firm’s innovative pricing models make it an appealing choice for self-employed individuals seeking expert accounting and tax assistance. STAND OUT FEATURES OF OUR SERVICES Personalized Accounting & Tax Solutions Advanced Accounting Software & Technologies Innovative Pricing for Quality Services Highly Qualified Professional Team Reliable, Accurate, Confidential Services We’re more than just accountants, we’re your financial partners Let’s navigate your financial journey together,...

Expert Property Capital Gains Tax Services in London | Alexander Ene

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At Alexander Ene, we specialize in providing expert guidance on property capital gains tax, catering to the diverse needs of property owners in London. With over 25 years of experience, our chartered certified accountants leverage cutting-edge technology to guarantee precise and reliable tax calculations, helping clients maximize their returns while remaining compliant with current tax laws. Our services are designed with transparent pricing and a fixed fee quote, so clients can confidently manage their tax obligations without any hidden costs. Whether you’re selling your personal residence or an investment property, trust Alexander Ene to navigate the complexities of property capital gains tax efficiently and accurately. MAIN FEATURES OF OUR SERVICES 25 Years Expertise London’s Tax Specialists Fixed, Transparent Fees Advanced Accounting Tech Reliable, Accurate Service Mastering Your Finances with Precision and Integrity Join us at Alexander Ene, where we’ve been serving Lon...