When you part with your hard-earned savings to pay your taxes, are you convinced that you are paying the right amounts? Or do you suspect that you may be paying more than what you should? Understanding your tax code and knowing what it means give you a sigh… Read More »VAT NEWS : Tax Codes – Understanding Them In Order To Avoid Paying The Wrong Taxes
Self-employment is easier said than done, and it entails a great deal of responsibility. You must look after your employees, handle your money, pay your taxes, and submit your own tax returns. Whether self-employed or not, individuals are required to pay income tax regardless of their source of… Read More »VAT NEWS : How to File Self-Employment Tax in the UK?
We are a charted accounting firm that provides practical training for people who want to do accounting. These are bespoke training programmes that help our trainees to get a job in the accounting sector. We prepare our trainees for Sage, QuickBooks, Xero certification and Excel software. We also… Read More »VAT NEWS : Practical Accounting Training
1. Pay VAT on time Avoid penalties by paying VAT on time. If your VAT return is late, HMRC will make you pay a percentage of the unpaid VAT at the due date. You will not be charged the first time this happens but you a warning will… Read More »VAT NEWS : VAT Return Tips For Your Business – 10 Ways to Save Money and Time on VAT Returns
As a small business owner, you will know that all Vat Returns have been digital, i.e. online, for some time. But you may not realise that HMRC’s plans do not stop there. In under a year, you will have a very different set of requirements to fulfil. Phase… Read More »VAT NEWS : Are You Prepared to Go Fully VAT Digital?
If you own a business in the UK, then you’re no doubt familiar with VAT (value added tax). VAT is a type of consumption tax that’s levied on the estimated market value of a product or material at every stage of its production. VAT is implemented under the… Read More »VAT NEWS : Value Added Tax (VAT) Guide: Information for Business Owners