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For most people, the phrase “bed and breakfasting” calls to mind visions of small guest houses and morning meals that largely consist of fried food.
Whilst most asset sales are subject to Capital Gains Tax (CGT), there has always been one asset that is exempt.
Don’t you just hate the old cliché, cash is king. I do. But the fact is, running out of cash is the number one reason businesses fail. Despite the fact they are often profitable businesses. But profit and cash is not the same thing.
In online accounting software, there are undoubtedly two big names out there - QuickBooks and Xero.
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