Before we get into an in depth discussion about Multiple Dwelling Relief, let us at first what it is. By lay man’s terms, it is an exemption provided by the HMRC to an individual, on the tax that is payable on the monetary transaction for the purchase of more than one dwellings. In fact, a … Continue reading What All Does an Accountant Need to Tell You about Multiple Dwelling Relief?
Thanks to the new Off-Payroll working rules, often referred to as the New Rules, which have come into effect on and from 6th April 2021, the professional accountants have their tasks cut out. They have the responsibility of guiding their clients to make the most of the new rules. Here is where, probably the advantage … Continue reading Roles & Responsibilities of Professional Accountants in Regards to New Pay-off Working Rules
When it comes to calculating the VAT a professional accountant cannot be lackluster, as it will invite a plethora of troubles in the form of errors that will put the clients in rough weather. That is the reason you must opt for a quality accountant, who will come up with some error-free VAT inspection. Therefore, … Continue reading What are the Top 10 VAT Inspection Errors that Seasoned Accountants Avoid?
The economy in the UK is down to its knees because of the pandemic! There’s no doubt about it. However, it is perhaps high time to admit that the statement does not tell the entire story. It is a preamble of the things to come. Indeed, the full impact of this pandemic is yet to … Continue reading Covid-19 and its Effect on Business Accounting – Instant Actions to Weather the Storm