Educational Scholarships For Employees or Their families
Special tax rules apply to scholarships, which include exhibitions, bursaries or other similar education endowments.
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Accounting Issues
Stamp Duty in Residential Properties and Land
tamp duty land tax (SDLT) is on residential property. Which applies to land that forms the garden or grounds of the property. To ensure that the right rate of SDLT applied there, it is important to learn. Whether any land purchased with a property makes up its garden or grounds.
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Tax Relief on Pension Contribution
There is still plenty of uncertainty about potential cuts in pension tax benefits as things stand at present. Paying into a pension generally remains a tax-efficient way of saving for old-age. Given that there may well be future changes in this area.
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What are Some Common Mistakes to Avoid as Quickbooks
Are you an accountant dealing with day to day accounting issues? Our business profits toolkit outlines some great benefits for small and medium-sized businesses. You’ll be needing the help of our high-end accounting software to save your business. Here are some common mistakes you must avoid to overcome challenges as accountants. Take Care of your
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Role of an Accountant?
Most people associate the word “accountant” with a financial accountant. The truth, however, is that financial accountants make up only one of the many kinds of accountants that exist in the UK. These professionals work with managerial accountants. Managerial accountant gathers and processes data that an entire business organization needs so that it can operate
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A Guide to Starting a Business in the UK
Starting a business is indeed challenging. However, the rewards are far greater that makes the endeavor well worth it. If you blend your vision with persistence and hard work, there is nothing that can stop you from making your startup a success. In this post, we will share some tips regarding how to set up
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Difference Between Memorandum & Articles of Association
Setting up a limited company has many benefits. The foremost benefit is that you won’t be personally liable for debts and other liability incurred by the company. Moreover, you will be able to raise a large amount of capital to finance the expansion activities of the business. One of the important requirements of establishing a
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Landlord Accounting — How is Jointly Owned Property Taxed in the UK?
The steady increase in house prices in the UK have made owning a property increasingly difficult. That’s why a lot of individuals jointly own properties to earn rental income. Rental incomes are subject to tax. Due to rising house prices; joint ownership of wealth is becoming common. The rental income of the jointly owned property
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Tax Tips — Mileage Allowance for Landlords
Landlords in the UK with an unincorporated property business can claim a mileage allowance to reduce the tax on property. The mileage allowance for landlords is in the form of a deduction in transport expenses, which can be used as an alternative to capital allowances based on actual costs incurred. In this post, we will
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7 Common VAT Mistakes You Should Avoid
To help you avoid making mistakes when filing VAT returns, here we have compiled a list of 7 common VAT mistakes that you should avoid at all costs. Many businesses make mistakes when filing VAT returns. This is understandable since the UK VAT system is complicated. However, mistakes in entering the wrong amount can be
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