The New VAT reverse charge for the construction industry (002)
The new VAT domestic reverse charge for the building and construction industry In order to prevent missing trader fraud, a new legislation has been formulated. This step has been taken, to counter criminal attacks on the VAT system, called the VAT domestic reverse charge for the construction sector, DRC. This will come into effect from […]
Still Working from Home
Still Working from Home: How Does It Affect Your Tax? Working from home is the new normal due to the COVID-19 situation all over the world. According to the statistical data recorded during September 2020, 34.6 % of adults showed their house members worked remotely due to the pandemic. Another statistical survey shows that about […]
VAT Article
All that you need to know about VAT VAT (Value Added Tax) is something you come across daily on receipts when buying or selling goods and services. But have you wondered if VAT is something that relevant for a small business owner? Is it even required by you? And what are the pros and cons […]
The Worldwide Disclosure Facility
The Worldwide Disclosure Facility – What it is and Why You Should Register With governments around the world enforcing serious restrictions on individuals refusing to declare the correct amount of tax due on income from their offshore accounts and assets, it has become all the more important for taxpayers to document all taxable income on […]
Recession
How to survive in the recession? A guide for executives There are ups and downs in the economy that greatly affect your businesses. Running a business in good times is quite easy but the question is how one can survive in tough times (like the recession we are facing now in this pandemic!). Adequate preparation, […]
Buying a car through Ltd
In the process of buying a car, choosing one that best meets your requirements, is the only, almost, fun part. Once you have decided, the question arises, how can you get and manage the finances to buy/rent it. We get frequently asked by our clients, if they can lease a car through their limited company. […]
Living Accommodation
If you are an employer who provides living accommodation to your employee then you have some reporting to do along with some tax and national insurance obligations to fill in. Things that include living accommodation The accommodation cost itself includes the charges of water and sewerage, the furniture that is necessary for daily use, upkeeping […]
Electric Vehicle
Is Choosing An Electric Vehicle For My Business/ Company a Good Option: Are you looking for a way to elevate the financial benefits of your business? Cost-saving is your best answer. Getting an electric vehicle for your business/company will help you in saving energy resources which will ultimately result in benefiting cost control of the […]
What expenses can I put through my business (HK)
What expenses can I put through my business? We all know when it comes to what you can and can’t claim as a business expense it can sometimes feel like a “how long is a piece of string” conversation, making incorrect claims can land you in a bit of bother with HMRC which is the […]
Small Business Insurance final
Handling insurance is an overwhelming yet the most important task for your small business. What kind of insurance do you need as a small business owner? What are the policies? How do you pick the right policies? Here is an essential guide that has answers to all your questions. What does business insurance cover? As […]