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In the world of accounting, one common question we often encounter from prospective clients is: “What can I claim as an expense?” It’s a fundamental query, and today, we’ll break it down to its essentials. Understanding Business Expenses The official definition states that an expense must be “wholly” and “exclusively” a business expense. But let’s […]...
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Introduction: Selecting the right name for your business is crucial, but it’s not the only factor that defines your success. At Adaptive Accountancy, we’ve had our fair share of ups and downs throughout our journey, especially when it came to our name. In this blog, we’ll share our evolution from a company that adapted to […]...
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At our accounting firm, we understand that the key to fostering satisfied clients begins with one fundamental principle: setting clear client expectations. Leaving client expectations to assumptions can lead to dissatisfaction and misunderstandings down the road. 1. Communication is Key Imagine this scenario: You chose your accountant based on affordability, but you never had a […]...
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As a business owner, have you ever pondered the future of your enterprise? Will you eventually step away, selling your business or leaving it to run without your direct involvement? These are crucial considerations for any entrepreneur. However, for many, taking time away from the daily grind can result in a sudden drop in income, […]...
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