If you have already paid too many Taxes during Tax Year, you can claim it back. You can claim tax refund through your online Personal Tax Account. HMRC send you a P800 tax calculation form each tax year if you have already paid too much or too little tax, A P800 form also know as […]Read more "How to Claim Tax Refund Online in UK"
Are you aware of the changes to Tax 2016-17? Below is a summary covering all of the major tax changes being implemented for Tax year 2016-17. Increase in tax-free personal allowance Increase in the 40p tax threshold Improvement in the marriage allowance Change in wear and tear allowance New national living wage of £7.20 Increase […]Read more "Tax Changes 2016-17"
All businesses—who have been making HMRC VAT online—would know that they have been mandated by the HMRC to register their VAT returns online and make the VAT due electronically as well. Though the HMRC mandate would require most of the business to meet these requirements, there are a small group of businesses who will be […]Read more "HMRC VAT Online Returns and Electronic Payments"
Monitoring consistent changes in accounting guidelines is not easy for any organization. However, for a business that has dedicated itself to financial process outsourcing accounting is the better option. By Outsourcing your accounting and bookkeeping operations gives you advantages such as business efficiency, performance and increased ROI. The bookkeepers or accountant play a vital role […]Read more "Benefits of Outsourcing Accounting Operations"
When it comes to getting the best services by an accounting firm in the UK, there is no hard and fast rule; you need to go out there, do the research, burn your figure a couple of times, if you might to get the best ones there is. As accounting is an important job that […]Read more "How to select the best services by an accounting firm in the UK"
One of the best and easiest ways to start a business in the United Kingdom is to begin as a self employed individual. This way you can save a lot of time, paperwork and consulting fee that you need to spend to get help from any accountants in Croydon. However, before starting to run your […]Read more "How to register as self employed"
As per the recent changes, tax year 2017/18 will be the first tax year when people in the UK will not be able to claim the 10% wear & tear allowance. However, there is still an outstanding value of old furniture fixtures and fittings which a sole trader landlord owns personally. Now, landlords who own […]Read more "To calculate the Wear And Tear Allowance"