Depreciation is the periodic allocation of an asset’s cost over its useful life. It appears on the income statement and reduces taxable income. It doesn’t involve actual cash outflow but ensures expenses match the revenue generated by the asset each year.
Simplified annual accounts UK companies must file with Companies House when they have had no significant financial transactions.
The tax-free amount of dividend income UK taxpayers can receive each tax year before dividend tax applies.
A US registration allowing a business to operate under a name different from its legal entity name.
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