Zero hours contract tax and national insurance
Understanding Zero-Hours contract There is no legitimate explanation or definition for a zero-hours agreement in either United Kingdom or Northern Ireland employment law. In common terms, a [...]
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When Does New Financial Year Start and Important Dates in 2018/19
Tax year 2018/19 Officially, in the United Kingdom, the taxation year 2018/19 started on 6th April 2018 and will run until 5th April 2019. The cut-off date for self-assessment and disbursement are [...]
VAT on cakes or biscuits
What is VAT? Value added tax (VAT) was introduced in 1973 in the United Kingdom. This tax is controlled and collected by HM Revenue and Customs (HMRC), mainly under the VAT Act 1994. VAT is payable [...]
Trivial Benefit an Advice for Small Businesses
What is a ‘Trivial benefit’? Trivial benefits are tax-exempt for staff and there is no need to reflect these benefits on form P11D or inform Her Majesty's Revenue and Customs (HMRC) about these [...]
Loss Relief Options Available To Business
When you start your own business, either as a sole trader or as a company, you only wish and aspire to be successful and need not to say, want to make only and only profits. At times the desire to [...]
What happens if you cancel the direct debit without approval of the company?
What is Direct Debit? A direct debit is a financial transaction in which you authorize someone other than you, to withdraw certain amount from your account on a mentioned date. It is also a simple [...]
How does a VAT Reverse Charge on Construction Work?
What is a reverse charge? Reverse charge, sometimes referred as domestic reverse charge, is a mechanism designed to prevent trader fraud because it makes the customer responsible to account for the [...]
US Expat Tax Return
Introduction to Expat TAX Filing a tax as an American expatriate living in the UK is a complex one. If you will not file your taxes correctly in US & UK, it will result in big fines & penalties. [...]
Umbrella Company PAYE Calculator
What is an Umbrella company? An umbrella company, in the United Kingdom, is an establishment that hires provisional workers and empowers them to perform numerous short-range contracts for end-clients [...]
Startup Accountant in the UK
Introduction To Startup Accountant Startup accountants are the accountants who help you in the initial stages of business by setting up your company, bookkeeping process, payroll process and deals [...]