Finance is the most important part of your business that helps it to survive. Although it is not an easy task to manage your finance, it has to be done. While you are on to
Property Developer
HMRC’s Announcement on PAYE Filing Penalties
HM Revenue & Customs (HMRC) has announced that employers will not incur PAYE filing penalties for delays of up to three days from March 2015. However, HMRC has also said that late filing penalties will
An Overview of VAT Returns
This blog gives the insight of VAT Returns and everything related to it. If you have landed here, do not stop and continue reading to know the important things about VAT Returns. VAT Returns is
HMRC Reporting on Tax Evasion & HSBC Suisse Data Leak
HM Revenue and Customs (HMRC)’s approach to tax evasion is based on collecting the tax and interest due, changing taxpayer manners for discouraging them from further evasion in future. With imposing effective penalties, HMRC plans
How to reduce the chances of HMRC investigation
Anybody who runs a business today should be concerned with the HMRC investigations. It is because when your company grows, the possibility of an investigation also increases. And, with regards to how HMRC undertake their
Self-Assessment Tax Return-What you need to know?
Self Assessment is a system used by the HM Revenue and Customs’ (HMRC) for collecting Income Tax. Taxes should be paid to H M Revenue & Customs (HMRC) on the two set dates. They are
Why is an Accountant Important for Surgeon?
A surgeon specialises in treating the ill patients needing an operation. If you are a surgeon, the daily routine of operating on your patients may make you tired and put in stress. Between patients, stress
Non Taxable Incomes in the UK
In the previous blog, we had mentioned about the taxable income and it’s types. Now, we will be giving you insight about the non-taxable incomes where you can ignore the taxes. If you do not
What Types of Income is Taxable?
Income tax is an amount that you pay on your income. There are few types of income which is not accountable for tax i.e. non-taxable but most of income types are taxable in the UK.
When Should You Hire an Accountant?
Professional accountants have a vital role in the success of your business. From collection to accuracy, payroll to tax returns, recording to analysis of company’s financial operations, they can easily handle all of these functions.
How to Reduce Your Tax Liability
Let’s face it! Paying your taxes is one of the most important financial priorities which you cannot possibly overlook. When it is about paying taxes for your business, it can become quite difficult to manage
Importance of Cost Accounting in the Medical Practice
If you are in a medical practice, your patients come first than anything else. When you are busy taking care of your patients, you have hardly enough time to look into your accounts. Although your
