How to hire a Virtual CFO for a UK-based business?
How to hire a Virtual CFO for a UK-based business? Octa Accountants 8 Min Read Feb 28, 2023 Virtual CFO Do you want a professional to help you manage your cash flow, set budgets, or acquire capital? A virtual CFO can help you manage the complete financial cycle of your business. But we know many […]
When is a company audit required?
When is a company audit required? Octa Accountants 5 Min Read Feb 10, 2023 Accounting & Bookkeeping Owners of small companies should not be concerned about audits, but if their company is expanding and becoming successful, company audits are required. An independent audit verifies the authenticity and dependability of their financial statements, providing trust to […]
What are the different types of VAT schemes in the UK?
What are the different types of VAT schemes in the UK? Octa Accountants 5 Min Read Feb 10, 2023 Accounting & Bookkeeping The way VAT operates differs depending upon what VAT scheme you register. Different types of VAT schemes have distinct criteria such as eligibility and reporting standards. Let us explain different types of VAT […]
What is included in bookkeeping? and how it helps a business?
What is included in bookkeeping? and how it helps a business? Octa Accountants 4 Min Read Jan 28, 2023 Accounting & Bookkeeping Let us explain what is included in bookkeeping and how it helps you manage your business. Bookkeeping is the process of organising, analysing, and preserving a company’s financial records. It entails recording transactions […]
How to value a business to sell in the UK?
How to value a business to sell in the United Kingdom? Octa Accountants 6 Min Read Jan 24, 2023 Business & Risk Advisory Evaluating a company’s fair market value can be a challenging task. There are several aspects to consider, but it is an essential financial skill for corporate leaders to achieve success. This article […]
Why is Financial Audit Important for UK startups & businesses?
Why is Financial Audit Important for UK startups & businesses? Octa Accountants 5 Min Read Jan 15, 2023 Audit & Assurance An audit is essential as it proves a business’s credibility via a company’s financial statements, and it also provides confidence to shareholders. Moreover, it is necessary to improve business performance, systems, and controls. An […]
Who has to do a self assessment tax return?
Who has to do a self-assessment tax return in the UK? Octa Accountants 8 Min Read Jan 2, 2023 Self-Assessment This process calculates an owed or refundable tax amount from your declared earnings. You can find out if you need to pay or reclaim tax once you file your income. So who has to do […]
How to Register for VAT?
How to Register for VAT in the UK? Octa Accountants 11 Min Read Dec 15, 2022 VAT Registration VAT or value-added tax is a payable amount on most products and services in the UK. Although customers pay the tax while making a purchase, businesses (that earn over a specific threshold) have to charge it and […]
Why Hiring a Company Secretary Is Important for a Business?
Why Hiring a Company Secretary Is Important for a Business? Octa Accountants 11 Min Read Dec 22, 2022 Company Secretarial Service A company secretary is not necessary for every organisation in every jurisdiction. Restrictions differ by country, and even within a single jurisdiction, different rules may apply depending on the type of company. It is […]
What Is The Role of a Virtual CFO?
What Is The Role of a Virtual CFO? Octa Accountants 8 Min Read Nov 29, 2022 Virtual CFO A chief financial officer is a highly qualified professional responsible for the financial performance of the company and provides assistance with financial concerns. The role of a virtual CFO is to monitor the company’s accounting activities remotely, […]