VEHICLE TAX
Today, most of us own at least one vehicle- be it a hatchback, a sedan, a Heavy Goods Vehicle or even a motorbike. Our vehicle is our most prized possession but, sadly, along with this asset comes a [...]
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UNIFORM TAX
As employees, do you dress in protective clothing or uniform for work, which is specialized? Are you required to wash it, or purchase a new one without the help of the employer? Is it a simple shirt [...]
DECLARE YOUR INCOME TO HMRC IF YOU HAVE NOT OR FACE PROSECUTION AND PENALTIES
Undeclared Income In April 2014, HM Revenue & Customs (HMRC) launched a campaign to give individuals, who are employed and also have untaxed income from self-employment, an opportunity to bring [...]
ADVANCED GUIDE ON: ALL THAT YOU NEED TO KNOW ABOUT CLOUD ACCOUNTING
ALL THAT YOU NEED TO KNOW ABOUT CLOUD ACCOUNTING In the accounting business, we are experiencing hard to believe rise of technology; cloud accounting softwares are creating business operation [...]
WHAT ARE THE BENEFITS OF OUTSOURCING ACCOUNTING
Accounting outsourced services is a thought on which most business owners and Chief Financial Officers are focusing. Nowadays, it is practical for any business to outsource its accounting [...]
The Uber tax guide by DNS Associates
Drivers for Uber are meant to be self- employed. When someone is self-employed, he / she is responsible for notifying HMRC of their chargeability to tax, self- assessing their income, declaring the [...]
Is Donald Trump a Bigger threat to global economy than Brexit?
Philip Lowe, Reserve Bank governor, states that the victory of Donald Trump in the United States presidential election might be a bigger shock for the financial markets as compared to the Brexit [...]
Do I need to pay tax on my income from Airbnb?
Tax on Airbnb Income What are the tax implications of letting your property within your main residence and what if you let another property where you don’t live? Are you entitled for rent-a-room [...]
A Short Guide: Buying or Selling a Property in England or Wales
Buying or Selling a Property in England or Wales? “So many different elements: solicitor, mortgage broker building insurance, life assurance, estate agent, council planners, and energy [...]
Tax terminology uncovered: 6 finance basics for beginners
As accountants, sometimes we get carried away with using technical tax terms at almost every turn. Without even realising it, our use of jargon can alienate the very audience we want to attract [...]