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December 10, 2018

What are allowable expenses and how can you claim tax relief on them?

Are you aware of certain business expenses which are entitled to tax relief? This is particularly true when you’re in a small business. You may be the only individual in your team, which means there’s no source of knowledge to move to when you’re required to know something. Don’t worry—we’re here to help you. Computing […]

November 2, 2018

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What are 0345 Numbers? 0345 Mobile Call Charges – Are They Free?

What are 0345 Numbers? Many large-scale businesses in the United Kingdom use 0345 numbers which are non-geographic numbers, although special and popular numbers that cannot be related to any geographical area in the UK. At present, the 0345 number prefix is amongst the most commonly used numbers of 03 Type. 0345 numbers are the variation […]

October 31, 2018

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EORI Number: A passport for trading in & outside UK

“Traders operating outside European Union should have EORI number for trading in UK and traders trading goods with countries outside the European Union should also have an EORI number” What does EORI mean? Businesses engaged in importing and exporting of goods outside the UK domicile needs to carry an EORI number (Economic Operator Registration and […]

October 30, 2018

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EORI Number – When & Who Needs an EORI Number

What does EORI mean? A person or dealer carrying out the custom activities in the European Union (EU) requires an EORI (Economic Operator Registration and Identification).This system was introduced on 1st July 2009 by all EU member states and substituted the Old Trader’s Unique Reference Number (TURN). EORI is compulsory if an individual is required […]

October 30, 2018

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Budget 2018 summary: Key changes and highlights

The chancellor Philip Hammond delivered his 72-minute speech in the third Budget on Monday October 29, 2018 at 3: 30 pm which includes the following points: Personal Taxation and Wages The threshold of personal allowance, the rate at which people begins to pay income tax at 20%, increases from £11,850 to £12,500 in April – […]

October 22, 2018

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Tax deductible home office expenses and how much can I claim?

If you’re running a business or working from home, you wish to have claim for the expenses related to the business on your tax return. Work from home tax deductions can be quite confusing to get your head around. Normally, if something you use for your business, then you wish to claim that expense back. […]

October 17, 2018

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How much Does It Cost to Set Up a Business in U.K?

While a substantial portion of the existing limited companies is as a consequence of an expansion of small-scale businesses, sole proprietorship and mergers, individuals with the financial arm for funding the startup and running of limited companies choose to establish the industries once and for all. Apparently, a company without history must experience a series […]

October 5, 2018

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How to Save Tax on Trivial Benefits for Employers?

If retaining employees is on your mind or wish to earn their goodwill by providing them incentives, in such a case, you’re not alone as all corporates engage themselves in giving gifts to employees on an increasingly basis. But while providing them such incentives most of the people fail to acknowledge that the incentives being […]

October 4, 2018

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Bookkeeping for Pubs: Every detail you need to Know

The appropriate business system is the first thing which every business owner wants to have in their business for getting the best information out of it. An experienced bookkeeper is the one with whom by getting in touch with you will gain some valuable insight of maintaining an accurate business system. It is the duty […]

September 27, 2018

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Jointly Owned properties-Tax on Rental Income

If the property is owned jointly by two or more people, the manner in which any income is taxed will be subject to the relationship between the owners. Illustrating the situations will explain tax on Rental Income. Situation 1: Unmarried Joint owners or in a civil partnership —Tax on Rental Income Where the property is […]