The importance of bookkeeping for your business

What is bookkeeping? Bookkeeping is the accurate recording and processing of financial transactions for your business allowing accounts to be prepared. Why is it important? In summary, keeping [...]

Spring 2021 Budget

Chancellor Rishi Sunak has announced key COVID-19 extension support measures, including furlough scheme, hospitality VAT cut and business rates relief. Furlough Scheme extended The Furlough [...]

The impact of Brexit on VAT

The UK finally reached an agreement on the terms of departure from the EU at the eleventh hour, which became effective at GMT 11 pm (ironically) on 31st December 2020.  But was does this mean for [...]

Tax Relief on Workplace Pension Contribution

What is Tax Relief on Pension Contribution? To be eligible for tax relief you first need to enrol for pension, which is normally done through your employer. If you are aged between 22 and state [...]

Understanding VAT on Work Carried Out Abroad

In the UK, VAT on work carried out abroad is determined primarily as per the ‘Place of Supply of Services’ rules. The ‘place of supply’ is the location where a supply is made and where VAT may be [...]

How Brexit Affects Immigration Requirements for Your Workforce

In 2016, the majority of Britain voted for Brexit—UK’s withdrawal from the European Union. Probably the most important public policy concern arising from the withdrawal is how Brexit will impact [...]

Understanding Off-Payroll Working Rules IR35

It is likely that you have already heard of IR35, which is the law adopted to counter alleged tax evasion. But what precisely is IR35, how is it going to impact you, and what can you do to brace [...]

How Employment Expenses Work in the UK

A Guide to Inheritance Tax in the UK

Two things in life that are inevitable are death and taxes. These are two realities of life that we cannot escape no matter how hard we try. When we talk about taxes, the tax that most people in [...]

Brexit: Implications for Your Business

Although the United Kingdom’s vote to leave the EU is already sending shockwaves across the globe, the long-term repercussions are yet to be seen. How is Brexit going to impact the markets [...]