Crunch Accounting vs. Traditional Accountants: Pros and Cons for UK...

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2023-10-18 08:42:12 -

Crunch Accounting vs. Traditional Accountants: Pros and Cons for UK SMEs

What Is Traditional Accounting? Traditional accounting is the accounting method used in which you include income and expenses that were billed or invoiced in the accounting period that you use to file your tax return. This is called the matching concept or accrual accounting. It can have many pros and cons in UK SMEs. This means you will have to pay tax and national insurance whether the...

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