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 [...]
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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 [...]
Transfer Pricing: Transactions between connected companies
Price charged between two parties in a transaction is called transfer price. In the United Kingdom (UK), the legislation for transfer pricing is concerned with prices charged between connected parties [...]
HMRC’s New Tax Guidelines for Crypto Investors
Crypto-assets have become widespread in recent years. Crypto-assets are digital version of value or rights (acquired through some agreement) that are secured through cryptography. These digital assets [...]
New advisory fuel rates for company car owners from March 2019
The advisory fuel rates are issued by HMRC from time to time. These are rates published as guidelines by the government of UK and used by employers for reimbursing employees who travel in a company [...]
Community Infrastructure Levy information
Introduction to Community Infrastructure Levy (CIL) In order to raise funds for new infrastructure development, local authorities in the United Kingdom can impose a charge knows as the Community [...]
13 Ways The Innocent Contractor Can Avoid The IR35 Trap In 2019
Behave like a contractor in the business world – Make sure that you will not use a staff pass, attend staff dinners or functions as it may takes you into IR35 investigations. Become a responsible [...]