Loss Relief Options Available To Business
When you start your own business, either as a sole trader or as a company, you only wish and aspire to be successful and need not to say, want to make only and only profits. At times the desire to [...]
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What happens if you cancel the direct debit without approval of the company?
What is Direct Debit? A direct debit is a financial transaction in which you authorize someone other than you, to withdraw certain amount from your account on a mentioned date. It is also a simple [...]
How does a VAT Reverse Charge on Construction Work?
What is a reverse charge? Reverse charge, sometimes referred as domestic reverse charge, is a mechanism designed to prevent trader fraud because it makes the customer responsible to account for the [...]
US Expat Tax Return
Introduction to Expat TAX Filing a tax as an American expatriate living in the UK is a complex one. If you will not file your taxes correctly in US & UK, it will result in big fines & penalties. [...]
Umbrella Company PAYE Calculator
What is an Umbrella company? An umbrella company, in the United Kingdom, is an establishment that hires provisional workers and empowers them to perform numerous short-range contracts for end-clients [...]
Startup Accountant in the UK
Introduction To Startup Accountant Startup accountants are the accountants who help you in the initial stages of business by setting up your company, bookkeeping process, payroll process and deals [...]
Pension Tax Relief
Introduction to Pension Tax Relief Pension is the amount of money you received from the government after completion of your service tenure. It is given on monthly basis whereas tax relief is the [...]
Change in System of VAT on Advance Payments In Case No Supply Occurs
Introduction To Changes In VAT System There are many changes made by HMRC in relation to taxes and the latest change is applied on VAT system on advance payment in case no supply occurs. With [...]
Tax Implications on Closing A Limited Company
Introduction for closing a limited company In order to close a limited company, it is imperative to seek agreement from all the company’s shareholders and directors. The way the limited company [...]
Non-Resident Tax Return
If you are a non-resident and not living in UK, you may still have to file a tax return with HMRC. Tax rules for UK residents & non-residents are very different, complex and changes are made to these [...]