If you have worked as a contractor for a long time and wish to create your own limited company, you may not know what actually works in such companies. And, when you don’t have the
Property Developer
Tax Free & Chargeable Capital Gains
Capital Gains Tax (CGT) is a tax which is charged on the profit in value of possessions from selling or disposing of a property or an investment. This charge is applicable to individuals and trustees
What Qualities Should Accountants Require?
Are you doing accounts on your own? If you are, then let me warn you it can be a real mess especially if it is not your specialty. This is why it is always better
Clampdown on Aggressive Tax Evasion
Tax evasion has been a constant topic in the media for quite a while that now we understand what it is. The single legality element that differentiates it from the tax avoidance is a point
Five Ways to Reduce Your Tax Bills
As a taxpayer, you certainly cannot ignore your tax that has to be paid. But, what you can do is look for ways to reduce it. To help you reduce your tax bill, here is
Things to Know About Corporate Tax
Do you own a limited company? If yes, then corporation tax is not a new topic for you. On the other hand, others may consider it same as other taxes. So, here is a brief
VAT Schemes Explained
VAT is a tax which is usually charged on the selling of goods and services. And, if your business turnover is more than £82,000 in an annual basis, you are required to register for VAT.
How Should Doctors Manage Cash flow
Cashflows is the one of the most important things that helps sustain a business. However, it is not easy to manage the cashflow and has been a major issue in all types of businesses including
Five Common Tax Mistakes Made by Small Business
As a small business owner, have you already committed a tax mistake? If yes, you need to stop fretting over your mistakes. Instead you need to learn about your mistakes to make sure you do
Surcharges & Penalties for Late Filing & Payments of VAT
In the previous blog post, we talked about penalties for late filing and payment of self-assessment tax. And, this time, we have a post about VAT surcharges and penalties in case of late filing and
Penalties for Late Filing & Payments of Self-Assessment Tax
Tax is something that all of us are familiar with. However, sometimes due to carelessness, when you forgot about paying taxes, you can be charged with penalties. And, mind you, such penalties can be very
Top Five Tips to Manage Your Business Payroll
When you run a small company, completing your payroll is one of your important tasks.
