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The Risks and Rewards of Investing in Startups

Startup investments can be high-risk, high-reward endeavours. Investing in startups, which are companies in their early phases of development, may yield substantial returns. However, there are risks associated with investing in startups that must be considered cautiously. Investment Risks in Startups: Investing in startups is hazardous, as the majority of them fail within the first …

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Understanding the differences between sole traders, partnerships, and limited companies

Choosing the legal structure of your business is one of the most essential decisions you will make when starting a business. There are three primary business structures in the United Kingdom: sole proprietorship, partnership, and limited liability company. Each structure has its own benefits and drawbacks, and it is essential to comprehend these distinctions in …

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Understanding the Proposed Pension Tax Changes in Budget 2023

As part of his Budget on 15th March, Chancellor Jeremy Hunt announced the following significant changes to the amounts individuals may save into their pensions. Annual Allowance The highest amount of pension savings a person can make annually without experiencing a tax penalty is known as the Annual Allowance. Starting in April 2023, there will …

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Accounting Tips For Startups

Starting a new business venture can be overwhelming and challenging, especially when it comes to accounting. As a startup, it’s essential to establish good accounting practices from the beginning to keep your finances in order and make informed business decisions. In this article, we’ll share some accounting tips that can help you manage your finances …

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YRF Accountants join Handpicked Accountants directory

We would like to announce that we’re now members of the highly reputable online directory of expert local accountants, Handpicked Accountants, having been recognised for consistently delivering exceptional services to businesses across the Lancashire and North West area. This includes small and family-owned businesses, entrepreneurs, start-ups, partnerships, expert firms, and limited companies. Handpicked Accountants is …

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