Loan Charge and Settlement - FAQs
1. What is Loan Charge? Loan charge is a new tax charge introduced by the Finance (No.2) Act 2017. The legislation targets disguised remuneration (DR) schemes involving loans. In simple terms, the [...]
Blog
Financial Responsibilities and Liabilities for Landlords renting their Property
Irrespective of whether you are a professional (buy to let) landlord, in the process of buying properties for the sole purpose of lending them out; or an accidental landlord who rents out their home [...]
Factors that can help you choose the Right Small Business Accounting Software
As a small business owner with limited capital, it is of paramount importance that you pay very-very close attention to where your money is coming from and where it is going. It is critical that you [...]
HMRC Has Misled Treasury On Loan Charge Warns Leading UK Barrister
According to a leading tax barrister Keith Gordon of Temple Tax Chambers, HMRC has misled the treasury on loan charge 2019. This controversial policy expected to yield £800m from the individual [...]
IR35: Latest Proposal To Launch New Off-Payroll Working Rules In The Private Sector From April 2020
Recently, on 5th March 2019, HMRC launched its latest consultation for the proposal to introduce off-payroll working rules to the private sector. As per 2018 budget, government has already announced [...]
How To Calculate Your Tax Bill?
Income Tax Income tax is a tax charged on income of an individual (Salaried personnel’s) or a self-employed person. Before knowing how to calculate income tax, you must know how to calculate [...]
Transaction Advisory Services
A Transaction Advisory Services deal with the transaction side of the business and are mostly third party services provided by professional services firm or an investment bank in case of a [...]
Technology Risk Assurance
Technology is an essential part of our lives today and where very few can actually live without them, most of us are got a mini heart attack on the days all three lights of our Wi-Fi modem are not [...]
Outsourced Bookkeeping and Accounting
Accounting is one the most important functions for any company as it allows the firm to keep a track of their financial operations and while having an in-house accounting team might be an ideal [...]
Global Compliance And Reporting
What is Global Compliance and Reporting? Modernization and technology has changed lot many things but most importantly it has changed the definition of success for a business. Gone are the days when [...]