Limited Liability Company Debt Responsibility

What is limited liability? Limited liability is a legal status where a person’s financial liability is limited to a fixed sum, most commonly the value of a person’s investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect […]

Why Small Businesses Need Good Payroll Software

Payroll software is a management system used to organize, track and automate employee payroll. Many payroll software systems are created by third-party human resources software companies which aims to improve the performance of organizations that use their applications. In recent years, payroll solutions have become a crucial element in small and medium-sized enterprises (SMEs) due […]

Accountant In London For Self-employed

Finding an Accountant in London for self-employed individuals is easier than you think. It may seem like a huge task to find one that will suit your needs, but it is not that difficult. You need to first identify which type of accountants in London that are suitable for your situation. If you are self-employed […]

Balance sheet – What is Balance sheet in accounting?

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, […]

Depreciation Of Fixed Assets`

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 […]