HMRC has faced another defeat after presenter Ms. Kaye Adams successfully appealed against a tax bill of £124k for her engagements with BBC between March 2015-2017. This is the fifth out of six cases [...]
Introduction About Model Articles of Association Model articles are the most commonly used articles by corporations in the United Kingdom, as these articles are applied by default to all [...]
Accounting Apprenticeships Overview Apprenticeships are an effective substitute to universities. If an individual opts for a degree apprenticeship, he/she can graduate with several years of work [...]
It wasn’t too long ago when the concepts of artificial intelligence (AI) and automation were reserved for science fiction novels and fantasy films. Fast-forward to today and this technology has made [...]
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 [...]