In this report, we will deal with the structure of the newly opened business in the UK. Correlating with the question scenario, David Green is the mentioned person who will start a new business as the decorator. The following report will help him review the necessary details for a start-up business. Mr. Green has little knowledge in accounting and the debts and the other several things, and he seeks to get an outlook regarding the taxation, and IT return files. Thus, the report will guide him on those scenarios (Kumar et al., 2022).

Concept and Analysis

Before diving into the business, Mr. Green needs to go through several details. Like- as he will set up a self-employed business structure without any other partners, he needs to earn 10000 euros as the revenue. Thus, he may get the status of self-employed by the UK Government. The foremost responsibility he has to deal with is to inform the HRMC (Human Resource Management Corporation) that he has decided to go with a start-up business on his own. The further taxation formalities and the IT return file will be submitted by him every year at a particular month (Nguyen et al., 2022). Apart from that, he must admit that he is a sole business owner and is responsible for all sorts of business activities. The HRMC has advised him to submit the papers that can prove that he is self-employed, and by doing this, he can avoid the issue of tax-free child care. Moreover, he is bound to submit his taxation and expenditure reports, revenue details, etc. The self-assessment business report has to be submitted by him every year genuinely.

Furthermore, Mr. Green needs to get the national insurance number first to help him pay taxes at the right time and help him submit the report of numbers II and IV of the national insurance. Moreover, he needs to have a clear idea regarding the VAT system. He needs to know that if the earned revenue of his business crosses 85,000 euros, he needs to register his name with VAT voluntarily (Kumar et al., 2022).

After getting into the view of taxation, VAT, Insurance, and many other things, Mr. Green has to select the name of his business first. The chosen name will be the company’s identity through which he will be known to everybody, and that chosen name will also follow the legal papers. There are several options in adopting a name. Like- David Private Ltd. Or Green Decorators Public Limited, etc. While selecting a name, David should follow that no such expression or sensitive words should be added with the name, which nullifies the purpose of the Government (Nguyen et al., 2022).

Conclusion

In the concluding part, it can be said that the following report can be proper guidance for Mr. Green so that he can get a view about several essential things that are needed to sort out at the initial stage of a business.

Question- 2

Decision-makers of a large company listed on the stock exchange

The decision-making process consists of many prestigious members who play a crucial role in forecasting a decision. The members are as follows:

Governing Council
Monetary Policy Review Committee (MPRC)
Four other economic departments (Kumar et al., 2022)

The responsibilities of the members described above will be discussed in a further section of this report.

Governing Council

The Governing Council forecasts the stock rates and the market’s interest rates, and the forecasted rates will get used for further assessment. The Governing Council consists of The Governor, The Senior Deputy Governor, and the other four Deputy Governors (Kherbouche et al., 2022).

Monetary Policy Review Committee

After dealing with the stock rates and the interest rates, now the further responsibility relies on the MPCR. The MPCR includes Governing Council, five or six advisors, and the chief of the financial department of the UK Government. The entire committee draws further decisions correlating the given rates. The committee adds several strategies (Kherbouche et al., 2022). Staff projection and its presentation, major briefing, the recommendation regarding the final policy, deliberation and other decisions, publication, and further communication.

Other four Economic Departments

After penetrating the MPRC, the report will have the other four departments that engage in the decision-making process. They are- UK Economic Analysis, International Economic Analysis, Financial Stability, and Financial Market (Kumar et al., 2022).

Thus, the details mentioned above will help Mr. Green outline the decision-making system structure. Therefore, Mr. Green will know which department is responsible for which parts of the decision-making process.

Part- B

Question- 1

In this scenario, F Polk owns a bakery business, and he has been blinded off in keeping records for several years; Still, now he has decided to keep a journal and add a double entry set of books to get a clear view about his debts, assets, liabilities, and much other important information. In September 2021, he decided to enlist his expenditure details in a journal. According to him, the expenditure of his business consists of €5700 from Van, €2800 from Fixtures, €5200 from the stock, and the debtors’ deals in €105 from P Mullen, €311 from M Abel, €1060 by the bank, €85 in cash and the liabilities are composed of €229 from Syme Ltd, €80 from the Hill, etc. (Nguyen et al., 2022).

Journal Entries in the book of F Polk

Going through the entries from 1st September 2021, the amount of €105 has been pulled from P Mullen, and it has been highlighted as the bad debt. Both the credit and the debit amount are equal in this perspective. After analyzing the entries of 5th September 2021, the amount of €150 has been carried on. Still, in case of further unsuitability, the amount has been returned to Suppliers Syme Ltd by the fixtures (Tezel et al., 2022). Moreover, in the portion of the entries from10th September 2021, the amount of €180 has been debited first, and then the amount of €131 has been debited again as the bad debts, and the amount of €311 has been credited by M Abel. After that, M Able has declared himself a bankrupt person, and F Polk has got the amount of only €180 as the final settlement of the deal. Now, let’s penetrate the entries of 18th September 2021, where F Polk has bought a machinery product worth €1800 from Brown Ltd., And he has been forced to pay €100 in cash and €500 by cheque and the remaining amount as the credit so that he can pay in EMIs (Kumar et al., 2022). After that, the entries from 26th September 2021 will be highlighted. On that day, F Polk has paid €600 to Brown Ltd as one of the EMIs of the credited amount. Then, from the entries of 28th September 2021, it can be highlighted that F Polk has paid €60 as the insurance and again has paid €70 as the insurance in terms of the personal and company.

References

Kumar, G.R., Rencher, R., Fabre, C., Budeanu, D., Markou, C., Jones, K., Rajamani, R., Reed, H., Bettenhausen, D., Lesmerises, A., and Walthall, R., 2022. Best Practices in Establishing Business Case for Implementing Blockchain Solution in Aerospace (No. 2022-01-0002). SAE Technical Paper.

Le, H.T., Nguyen, T.T.L., Nguyen, T.A., Ha, X.S. and Duong-Trung, N., 2022. BloodChain: A Blood Donation Network Managed by Blockchain Technologies. Network, 2(1), pp.21-35.

Kherbouche, M., Pisoni, G. and Molnár, B., 2022. Model to Program and Blockchain Approaches for Business Processes and Workflows in Finance. Applied System Innovation, 5(1), p.10.

Tezel, A., Papadonikolaki, E., Yitmen, I. and Bolpagni, M., 2022. Blockchain Opportunities and Issues in the Built Environment: Perspectives on Trust, Transparency, and Cybersecurity. In Industry 4.0 for the Built Environment (pp. 569-588). Springer, Cham.

Ariatin, A., Dhewanto, W. and Sudrajad, O.Y., 2022. Business Model in Islamic Business Unit: A Lesson from Islamic Boarding Schools in West Java. International Journal of Applied Business Research, pp.32-49.

Get Professional Assignment Help Cheaply

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

Plagiarism free papers
Timely delivery
Any deadline
Skilled, Experienced Native English Writers
Subject-relevant academic writer
Adherence to paper instructions
Ability to tackle bulk assignments
Reasonable prices
24/7 Customer Support
Get superb grades consistently

Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
We will have a different writer write the paper from scratch.
Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment Help Service Works

1. Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2. Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3. Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4. Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

Type of paper needed:

Pages:

You will get a personal manager and a discount.

Academic level:

We'll send you the first draft for approval by at

Total price:

$0.00