A corporate group is a set of several subsidiary companies under a single parent company. These have a single point of control in the parent company and operate as a single economic unit. The parent [...]
Within most leases, the landlord are required to provide to the tenants an annual statement of service charge expenditure. In October 2010 the institute of Chartered Accountants England and Wales [...]
Under the Tax-Free Childcare scheme, eligible families are provided up to £2,000 free for every child in the family. In this article we shall deal in detail with the scheme which was introduced in [...]
As per the new policy of HMRC, VAT is to be chargeable on all non-refundable deposits in case the customer does not use the goods or services for which the payment is done by the customer. This policy [...]
What is Cash Basis and Accruals Basis? Sole traders and partnerships make use of cash basis to shape up their business accounts which in turn helps them fill their self-assessment tax return form [...]
Trading allowance, sometimes also known as the ‘trading income allowance’, was introduced in the 2017/18 tax year for people with trading or miscellaneous income. In this article we look at how it [...]
The Government is working hard to make digital the entire tax structure, which means the current Self-Assessment tax return as we know it today is on its way out. But as long as it is there, we have [...]
Introduction to Ireland’s Pay-as-You-Earn (PAYE) Ireland’s Pay-as-You-Earn (PAYE) taxation is relevant to workers who are not residents of Ireland and do not hold any Irish employment but are [...]
Looking to get on the property ladder? You might think twice about it given the commonly held misconception that it is almost next to impossible to get a mortgage when you are self-employed. Well [...]
Price charged between two parties in a transaction is called transfer price. In the United Kingdom (UK), the legislation for transfer pricing is concerned with prices charged between connected parties [...]