Outsourcing Bookkeeping Services UK & Accounting Services USA
Before I start on the tax implications of Business car leasing, it is important to understand what is Business car leasing exactly : Leasing a car for business is a financial agreement between a finance provider and a company for a brand-new vehicle for fixed monthly payments. There’s even the option to lease multiple models … Read more
The UK residency test(Statutory Residence Test in the UK) is a set of rules that determine whether an individual is considered resident in the UK for tax purposes. The test is based on a number of factors, including the amount of time spent in the UK, the individual’s home and work location, and their personal … Read more
Sole Trader “Sole Trader vs Company: Choosing the Right Business Structure” When starting a business, one of the first decisions you will need to make is what business structure to choose. There are two main options: sole trader or company. Each structure has its own advantages and disadvantages, so it is important to carefully consider … Read more
Introduction: The Value Added Tax (VAT) system can sometimes be complex and time-consuming for small businesses. However, the UK government offers a simplified option called the Flat Rate Scheme (FRS) for VAT. In this article, we will delve into the details of the Flat Rate Scheme, its benefits, and how it works for eligible businesses … Read more
The Construction Industry Scheme (CIS) UK, contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments toward the subcontractor’s tax and National Insurance. Contractors must register for the scheme. Subcontractors do not have to register, but deductions are taken from their payments at … Read more
As a property owner or investor in the UK, it’s important to understand the various taxes that may apply to your property. In this blog post, we’ll provide a guide to property taxation in the UK, including stamp duty land tax (SDLT), capital gains tax (CGT), and rental income tax. Stamp Duty Land Tax (SDLT) … Read more
Time savings: Bookkeeping software automates many time-consuming tasks, such as data entry, reconciling accounts, and generating reports. This saves business owners and their staff valuable time, which can be better spent on other important tasks. Accuracy: Manual bookkeeping is prone to errors, which can be costly for small businesses. Bookkeeping software helps to reduce errors … Read more
Limited companies have a statutory obligation to file annual reports of their financial performance at their year-end to HMRC and Companies House. A company’s financial year-end is dependent upon the date they incorporated – usually the last day of the month of the day they registered as a company with Companies House – but can … Read more
Let’s be honest, trying to find a good bookkeeper for a business can be difficult. How do you find someone you can count on, who will do a good job, and who has experience in your industry? Our answer is outsourced bookkeeping. But how does outsourced bookkeeping actually work? And how can a business find a good bookkeeper company? … Read more
The UK Spring Budget 2023 has been released, and it’s important to understand how it will affect your finances. From changes to taxes and benefits to new initiatives and investments, there are several key updates to be aware of. Keep reading to learn more about the latest developments in the UK’s financial landscape. Changes to … Read more
