Tax accounting refers to the administrative sub-sector of accountancy that deals primarily with the preparation and auditing of tax payments and tax returns. Individuals, businesses, organizations and other entities utilize tax accounting. For an individual, tax accounting requires greater attention, with greater scrutiny as to what is not tax-free and how funds are used. Organizations […]
Small businesses registered as a limited company usually have many daily, weekly and monthly expenditures that they can often be late to settle their Value Added Tax (VAT) Bill. The biggest problem with late VAT payments is that they attract tax penalties, which can significantly impact a business’ available working capital. Not only that, interest […]
It’s no secret that Brexit is causing plenty of ripples in the finance world. The cascading changes will continue to impact tax and accounting requirements in the UK for years to come, causing headaches for organisations of all sizes.
While there are many benefits in being your own boss, carrying the sole responsibility for paperwork and financial management is a significant drawback.
With Britain’s exit from the EU putting pressure on the value of the pound and promising a significant decrease in regulation, now is a good time for foreign investors to start looking at assets in the UK. Many have already made significant investments in sectors such as property, watching their assets rise in value significantly […]
Taxation will take centre stage at Holyrood and Westminster in the coming weeks.
The proposal for a harmonised corporate tax base is not an attack on Ireland’s sovereignty and will not change the state’s corporation tax rate, a European commissioner has said.
Many people face having to update their paperwork every quarter.