Do you know what Council Tax is? If you don’t, here is a small note for you. Council tax is a system of local taxation on domestic property collected by local authorities. If you are
Property Developer
How to Claim R&D Relief
Is your company involved in developing new products or services? If yes, then your company is entitled to R&D tax reliefs for the costs incurred in developing new products or services. In the year 2000,
How to Prepare for a VAT Visit
Are you getting a VAT visit? If you are, you do not have to worry because such VAT visit is just a routine check-up done by VAT officers to ensure you are paying the right
VAT Cash Accounting Scheme
Cash Accounting Scheme is a scheme that allows you to pay VAT on your sales once you receive payments from your customers. You will also able to reclaim VAT on your purchases once you pay
New Accounting Standard for Micro-Entities
The Financial Reporting Council (FRC) has published a new Financial Reporting Standard for the Micro-entities called FRS 105. This marks the end of the Financial Reporting Standard for Smaller Entities (FRSSE). The key facts about
Why Optometrist Needs an Accountant?
Eyes play a very vital function in our lives. And, to maintain its functionality, it is the optometrist who addresses our eye and vision concerns. Whilst of taking care of eye problems of the patients,
Accounting Mistakes to Avoid By Pharmacists
Accounting is a very important part of any business so any error can lead to major problems which can affect the business immensely. Even as a pharmacist, you shouldn’t neglect but take care of your
Bookkeeping for Doctors
Being in a medical profession, doctors have a very limited time, which makes it hard for them to focus on other things than their work. And, as a result, they fail to realise the importance
What Payments & Benefits are Non-Taxable for Employees?
As an employee, there are a number of both taxable and non-taxable payments and benefits provided by your employer. This is why you need to able to set them apart to ensure you only pay
Self-Assessment Tax Records
Are you self-employed in the UK? If you are, you need to pay taxes at the right time to the HM Revenue & Customs (HMRC) to ensure you steer clear from penalties. HMRC uses a
Capital Gains Tax on Property Explained
Have you made any profits from selling your property? If you have, then you are required pay Capital Gains Tax on such profits. However, such tax is normally not charged on the gains made from
New Harsh Rules for Tax Evaders
People always look for ways to avoid taxes. But, sadly, some take the wrong route of hiding their income or money overseas simply to evade tax. For tackling such activities, HM Revenue & Customs (HMRC)