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The Best Small Business Accounting Apps – Basic Guide

The Best Small Business Accounting Apps – Basic Guide

Many business owners are finding it difficult to choose the right accounting software for their small businesses. They are frustrated and overwhelmed by their workload....
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How Do I File my Company Accounts?

How Do I File my Company Accounts?

In the UK, limited companies are legally obliged to prepare and file their accounts at the year-end to send them to HMRC and Companies House....
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Payroll and PAYE – A Complete Guide For First Time Employers

Payroll and PAYE – A Complete Guide For First Time Employers

Payroll could be complicated for numerous foreign managers and companies that need to perform business transactions within the UK. So, in case you've got come...
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How to File Company Tax Return!

How to File Company Tax Return!

All limited companies in the UK need to file a company tax return at the right time. In today’s blog, we’ll have a look at...
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Advantages and Disadvantages of Spreadsheets in Accounting

Advantages and Disadvantages of Spreadsheets in Accounting

Strategic planning is fundamental in business and requires substantial information in order to make key choices. Therefore, choosing the right tool for creating, retrieving, updating,...
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How Much is VAT in the UK?

How Much is VAT in the UK?

After Brexit, the UK VAT system experienced significant updates, especially from 2021 onwards. Though the major reforms have settled, it's still essential to understand how...
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Joint Property Ownership Tax Saving Tips – Basic Guide

Joint Property Ownership Tax Saving Tips – Basic Guide

The property that two or more parties claim is known as Joint Property Ownership. In joint property ownership, each proprietor has equal rights to the...
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Is Client Entertainment Tax Deductible?

Is Client Entertainment Tax Deductible?

One of the most important marketing tactics that many businesses use is business entertainment, especially for retaining new clients and customers. Spending cost on business...
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What is Auto Enrolment Pension? A Basic Guide

What is Auto Enrolment Pension? A Basic Guide

Wondering what is auto-enrolment pension? It is the government initiative aimed to boost your retirement savings where the employer and government also put money into...
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How Long Does a Tax Investigation Take? Everything you Need to Know!

How Long Does a Tax Investigation Take? Everything you Need to Know!

HMRC tax investigation can be a dreadful prospect, especially for the one who has never been through this phase. In the worst-case scenarios, the investigation...
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5 Ways an Accountant Can Save You Money – Basic Guide

5 Ways an Accountant Can Save You Money – Basic Guide

Many small businesses are responsible for the management of their finances and administration. However, there are several advantages of employing an accountant to manage all...
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How to Read a Balance Sheet of a UK Company?

How to Read a Balance Sheet of a UK Company?

Whether you're an investor, business owner or an individual based in the UK- who's keen to learn about the company's accounts - you need to...
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Who Needs to Complete a Self Assessment Tax Return?

Who Needs to Complete a Self Assessment Tax Return?

Find out what self-assessment is, who needs to complete a self-assessment tax return, when to submit one and what penalties you need to pay for...
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Property Tax UK: Brief Guide to Buying Residential Property in the UK

Property Tax UK: Brief Guide to Buying Residential Property in the UK

Taxes are always unexciting. However, if you want to buy or sell a property in the UK, you need to know the ins and outs...
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How to Avoid Inheritance Tax?

How to Avoid Inheritance Tax?

When a person dies, inheritance tax is levied on the estate that is transferred to the heirs of the deceased by the government. If you're...
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Professional Indemnity Insurance Explained – A Simple Guide

Professional Indemnity Insurance Explained – A Simple Guide

Mistakes are unavoidable, especially in the business. Sometimes, a tiny mistake can lead to a big claim in the business world. Therefore, to be protected,...
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Reclaiming VAT on Fuel & Petrol: How It Works

Reclaiming VAT on Fuel & Petrol: How It Works

This is one of the most frequently asked questions that we hear time and time again: what is the process of reclaiming VAT on the...
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What is a Sole Proprietorship? Responsibilities of a Sole Trader

What is a Sole Proprietorship? Responsibilities of a Sole Trader

If you are fed up with working under someone else and want to be your own boss, you should turn to a sole proprietorship. Although...
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Landlord Insurance Explained: Types, Costs, and What You Really Need

Landlord Insurance Explained: Types, Costs, and What You Really Need

Find out what is landlord insurance, what are its types, what type of insurance you need and how much it costs. In this post, we're...
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Is There Stamp Duty On Commercial Property?

Is There Stamp Duty On Commercial Property?

Whenever you buy a residential property or land above the SDLT threshold in the UK, you need to pay stamp duty land tax (SDLT) on...
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