BlogPosted onFebruary 22, 2021February 22, 2021 Changes coming for the Construction Industry Starting on the 1st of March 2021, VAT-registered subcontractors will no longer charge VAT on certain construction services they provide to another VAT-registered business. The… Read More
HMRC Security updatesPosted onJanuary 20, 2021 HMRC warns of the increase in scams A warning has been issued following hundreds of thousands of reports from taxpayers being contacted by suspected cyber-scammers. Over the previous year these criminals have… Read More
AccountingPosted onOctober 5, 2018 How to Save Tax on Trivial Benefits for Employers? If retaining employees is on your mind or wish to earn their goodwill by providing them incentives, in such a case, you’re not alone as… Read More
BlogPosted onOctober 4, 2018 Bookkeeping for Pubs: Every detail you need to Know The appropriate business system is the first thing which every business owner wants to have in their business for getting the best information out of… Read More
AccountingPosted onSeptember 27, 2018September 27, 2018 Jointly Owned properties-Tax on Rental Income If the property is owned jointly by two or more people, the manner in which any income is taxed will be subject to the relationship… Read More
AccountingPosted onSeptember 20, 2018September 20, 2018 Tax Code 1185L : Everything you need to know for tax changes 2018/19 Everyone in U.K. is entitled for a tax-free allowance. Tax-free personal allowance means that a specific amount earned by a person every year is paid… Read More
BlogPosted onSeptember 19, 2018September 20, 2018 Splitting Business to avoid paying VAT The UK Government has fixed the registration for VAT threshold at £85,000, which will likely to be in place until 2020. Not perfect if you’re… Read More
AccountingPosted onAugust 17, 2018 How to close your company and extract the profits Paying only 10% tax Having cash reserves of over £35,000 and you’re planning to close your contractor limited company, it’s obvious you could extract the… Read More
BlogPosted onJuly 23, 2018May 17, 2019 Making Tax Digital for VAT: Everything you need to Know Making Tax Digital for VAT The HMRC’s Making Tax Digital (MTD) for VAT programme will be introduced soon in April 2019 and will bring an… Read More
BlogPosted onJune 14, 2018August 13, 2018 Ways of Avoiding Double Taxation for a Limited Company Based In the UK Most of the registration for small businesses are done annually either as a partnership, sole proprietorship, limited liability company or corporations. All because of friendly… Read More