Value Added Tax (VAT), in layman’s terms, can be defined as a tax that is levied on the consumption of various goods and services. Generally, any business would charge VAT on its customers based on the sales that they have generated. It will then remit the VAT that it has collected, to the National Tax … Continue reading What is Going to be the Likely Impact on VAT after Brexit?
It is said that every dark cloud has a silver lining. The current pandemic situation has acted as a severe curse for the entire world. Still, in one way or the other, it has revealed one good thing that has so far been left either unrealized or unaccounted for – it’s the benefits of cloud-based … Continue reading How Cloud-Based Accounting System Is Beneficial For Business during This Pandemic Period
The economic scenario of the UK has suffered a terrible set back due to COVID 19 pandemic, akin to the rest of the world. As we write this page, the total number of COVID positive cases in the UK stands to the tune of 2,88,000 with 44,650 deaths being registered to date. While this the … Continue reading How does UK Government-sponsored CCFF Help Accountants During the Pandemic Period