13/07/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
Inheritance Tax is a tax that is payable on the estate of someone who has died. The tax is calculated based on the value of the estate, and it can be a significant expense for the beneficiaries of the estate. In this guide, we’ll discuss the basics of how the Inheritance Tax works in the …
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12/07/2023Accounting , Accounting Issues
The closing balance is a key financial metric that shows the money that is in an account after all transactions have been recorded. It is often used to reconcile accounts and ensure that all transactions have been recorded accurately. The closing balance can be calculated for any type of account, including bank accounts, sales accounts, …
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11/07/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
As the UK tax bands keep on changing with every new tax year, the limit of allowances will also be helpful for the citizens to reduce the amount of tax they pay to HMRC. The expectation of different forms of tax in the tax year 2023-2024 is discussed in this comprehensive guide. Reach out …
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11/07/2023employment allowance , Finance
Capital employed is a kind of matric that is financial and finds out how much money a company has invested in its operations. It is calculated by subtracting current liabilities from total assets, which gives you the exact idea that how much money a company has invested to keep its operations going. It is an …
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By benefits fraud, we mean cases where individuals attempt to claim the advantage of the benefits that they are not even entitled to in the UK. This could involve giving or passing on the wrong information or required details and not reporting to HMRC when it come to a change of your circumstances. In this …
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05/07/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
There are several contractors, self-employed individuals, and business owners who are inclined towards working from home. This also became a reason to change the ruling of taxation in several cases. This increases the importance of efficient tax planning and the handling of expenses that can be claimed for further business benefits in the process of …
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04/07/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
If you are residing in the UK, you must be aware of the importance related to being conscious of the direct tax rates and principal tax allowances and the new changes updated in the tax year 2023-2024. This was normally mentioned in the new Spring Budget that was published in the month of March, the …
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04/07/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation , VAT
It has often been observed that people are interested in a situation where the assets of the business are being transferred to a limited company by an individual. This is usually done for the purpose of dealing with the capital gains tax and the disposal part. Normally this kind of disposal of the assets is …
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23/06/2023Business Growth Ideas , Finance
You can be dealing with any sector of the business, you will have to deal with suppliers or vendors at one point in your business journey. This is because businesses have to rely on vendors or suppliers in order to make the products or the services offered to their customers. This will also involve the …
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23/06/2023Finance , Insurance , Personal Tax
If you are a married couple or living in a civil partnership, a marriage tax allowance is something you must be aware of. This provides you with the opportunity to claim tax relief as well. However, this is only possible if one of the partners or spouses is earning less than the amount of personal …
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Aamara Waqas2023-08-27Caroline Oake2021-11-14James Smith2020-08-11For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.Maurizio Paolella2019-12-08Reliable professionals - I would certainly recommend.Anna Ruse2019-11-21After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.Alan Harwood2019-10-22John Agbai2019-06-26Very professional and knowledgeable in all aspects of taxation. A great team to have onside.Simon Piller2019-04-03Susan provides a very efficient payroll service for me.Johanna Cargill2019-01-21Excellent, no complaints. Always willing to help!Rebecca Smith2015-04-20Fantastic customer service, would 100% recommend!!
