London Accountants | Nexa Accountants and Taxation Limited - Offer Online Accounting Services like bookkeeping, Taxation, Payroll and many more

September 20, 2018

Tax Code 1185L : Everything you need to know for tax changes 2018/19

Everyone in U.K. is entitled for a tax-free allowance. Tax-free personal allowance means that a specific amount earned by a person every year is paid without being taxed. If 1185L is a tax code of an individual for FY 2018/19, it means their personal allowance is £11,850. This amount is obtained in equal portions by […]

September 19, 2018

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Splitting Business to avoid paying VAT

The UK Government has fixed the registration for VAT threshold at £85,000, which will likely to be in place until 2020. Not perfect if you’re focusing to stay below the VAT limit. With 20% VAT rate many owners are focusing to split their businesses into distinct entities, with every business operating below the VAT threshold. […]

September 18, 2018

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Which Accounting procedures are required for Travel Agencies?

Travel agencies are usually difficult businesses with variety of product margins and pricing variables. The disciplinary management of cash flow for ensuring appropriate sales and determine potential issues, your balance sheet to understand your assets and liabilities and your income statement to place an eye on profit margins are all crucial for managing a successful […]

September 4, 2018

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Taxation: All you need to know

Taxation can be an intimidating task for most individuals and companies, the taxation companies act as an agent for HMRC and can communicate to you about any issues to you on them behalf. The tax accountants usually specialize in: • PAYE Like an employer, operate PAYE as a part of your payroll. It is a […]

August 30, 2018

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Allowable Expenses for Self-Employed in UK

Every year in UK, self-employed individuals have to fill out their self-assessment tax return to HMRC, showing their income for the year and the income tax they’re entitled to pay based on that. Part of filling your self-assessment is consisted of finding out your expenses-some of which you can reduce from your tax bill, but […]

August 22, 2018

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Setting Up a Limited Company

Establishing a new business can be tedious which is why several accountants in London place a comprehensive Company Formation Package at an affordable cost. There are several company formation agents in London in and around UK who can assist you. The difference in value added services for most accountants is that they have in-house legal […]

August 17, 2018

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How to close your company and extract the profits

Paying only 10% tax Having cash reserves of over £35,000 and you’re planning to close your contractor limited company, it’s obvious you could extract the profits although paying tax at a marginal rate of only 10%. You’re allowed by a Members’ Voluntary Liquidation (MVL) for extracting the reserved funds of your business in cash, which […]

July 23, 2018

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Making Tax Digital for VAT: Everything you need to Know

Making Tax Digital for VAT The HMRC’s Making Tax Digital (MTD) for VAT programme will be introduced soon in April 2019 and will bring an underlying change to the manner that businesses submit VAT returns. To ensure that they are able to fully in accordance with the new rules and to avoid possible fines for […]

June 29, 2018

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4 Legal Ways of Taking Money Out of a Limited Company

Most of the small business owners think that they are completely free to withdraw the money out of a limited company’s profits. Ultimately, the company is yours and you don’t have to answer anyone. Whatever the firm owns belong to you, and you can put to use wherever and whenever you want. If you come […]

June 14, 2018

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Ways of Avoiding Double Taxation for a Limited Company Based In the UK

Most of the registration for small businesses are done annually either as a partnership, sole proprietorship, limited liability company or corporations. All because of friendly business environment in the U.K, establishing a limited company has become cheap, quick and easy. However, if you have all the much needed information, it’s practically possible to get your […]