How Automation Will Disrupt Accounting?
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 [...]
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Benefits Of Forming Companies In A Group Structure
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 [...]
What are Service Charge Audits And Why are they Important?
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 [...]
Tax-Free Childcare Scheme And Childcare Voucher Scheme
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 [...]
HMRC New Policy: Changes to VAT on Non-Refundable Deposits
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 [...]
Cash Basis and Accruals Basis of Accounting
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 [...]
Everything You Need to Know About Trading Allowance
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 [...]
Information Your Accountant Requires for Filling Your Self-Assessment
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 [...]
Short Term Assignees Working in Ireland - New Revenue Guidance
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 [...]
How Can a Self-Employed Get a Mortgage Certificate?
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 [...]