Business runners are often in a dilemma about using their company cars. They are often concerned about the HMRC tax payable on the use of the company car. However, there are clauses that will help them get some exception. And it is the responsibility of the professional tax advisors and accountants to guide their clients … Continue reading Role of an Accountant in Helping Clients Reduce HMRC Tax on Company Car
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
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