Claiming Tax Refunds/Rebates And Income Tax Reliefs
Overview Tax Relief means that a person Claims reduction of tax for making payments / contributions to certain sectors like charity donations, pension contributions or investing in start up [...]
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Capital Gains Tax Allowances
UNDERSTANDING CAPITAL GAINS TAX The tax paid on the profit of selling or disposing of an asset, which increases the value or capital, is referred to as Capital Gains Tax (CGT). It is the gain made [...]
Will restrictions affecting public sector contractors
Will restrictions affecting public sector contractors soon affect contractors working in the private sector as well? Will the changes to off-payroll working in the public sector, confirmed at the [...]
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 [...]
Uniform Tax
Your employer has a fair degree of freedom to decide about employees’ dress code until that is realistic and non-biased. Maintaining the dress code for any organization is quite [...]
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 [...]