Capital Allowance – Things to know about it

Capital Allowance is basically a form of tax relief available to anyone incurring capital expenditure, buying, building or making adjustments to commercial property. Capital allowance let taxpayers write off the cost of certain capital assets against taxable income. They can be best thought of as a reduction in the purchase price of the assets. In […]

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Self Employed vs Limited Company

Self Employed vs Limited Company

Setting up as a sole trader is the simplest way to start a business. You only need to inform HMRC that you are working as ‘self-employed’, and account for your business activities through the annual self assessment tax process. Starting up in business as a limited company is a more complex process, and the financial […]

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Bookkeeping Services for Financial Records

Bookkeeping Services for Financial Records

As the name reflects, bookkeeping services for financial records are the activity or occupation of keeping records of the financial affairs of a business. Financial records of business include transactions of sales, purchases, bank, receipts& payments of an individual or organization. Bookkeeping records are a source of trial balance which is used by an accountant […]

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Capital Gains Tax

Tax Returns – Capital Gains Tax

Capital Gains Tax is the tax levied on profit from the sale of property or an investment. There are two specific types by which you can own property and may make a gain on its disposal or even before it is actually sold. When Someone Dies: When someone dies, the assets they own pass to […]

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Contractor Accounting - Tax on Dividends

Graphic Comparison, Historic Tax Rates & Personal Allowances Graphs

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self assessment & self employment

Self Employment & Self Assessment

Self Employed is the simplest way to start a business, it could range to any business whether you work on small scale or on large scale,  whether you have a team working for your or you are a sole trader in the business, if you are self-employed, you would need to complete a Self Assessment […]

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VAT margin Schemes

Income Tax Rates 2014-15

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Accountants in London for your business

Accountants in London for Your Business

London is a city rich in culture, and no part is an exception. In fact, it’s one of the best areas for art galleries, small theatre venues and some interesting museums. You can expect an outstanding education at a top university in a supportive and inspiring environment when you study in London. London is full […]

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Bookkeeping Services for Financial Records

RTI-Important facts of RTI interest for Employers

It is essential for employers to know that RTI does not do real-time adjustments for the PAYE debt. Each month is treated as a separate period for which interest calculation is performed. 19th of every calendar month is the last day for any adjustments/amendments you can make to the PAYE amount due for the tax […]

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Landlord Accounting – Tax implications

If you are an individual and own property in the UK that you have rented out, you are liable to file self-assessment tax return of yourself. You have to register yourself for self-assessment at any time during or after the period in which you earn property income. The income tax for Landlord is same as […]

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