What is GDPR? How it Affects Accountants in Practice?
The General Data Protection Regulation (GDPR) came into effect on 25th May 2018. GDPR is a long-planned data protection regulation enforced to replace the 20
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Treating Deposits from Tenants Correctly for Tax Purposes
A landlord will normally take a deposit from a tenant when letting a property to cover the cost of any damage caused to the property
Performance Improvement Plan – How to Create an Effective PIP?
Humans can’t perform at their best all the time. There are ups and downs in everyone’s life. It happens that most of the time we
Reporting Income from Property
The deadline for filing the 2020/21 self-assessment tax return online is 31 January 2022. If you received income from property, you may need to tell
Residential Property Developer Tax
Legislation has been published in a draft which will bring a new tax – the Residential Property Developer Tax (RPDT) onto the statute book. The
A Simple Guide To Professional Indemnity Insurance
Mistakes happen everywhere, by everyone. These are unavoidable. You learn so many new things by making mistakes. However, sometimes, in the professional world, a tiny
Buy to Let Tax: Changes and Reliefs in 2021
The tax implications and legal obligations of investing in buy to let properties rather than buying a residential home vary to a great extent. Renting
CIS – How to Work out Whether it Applies – Practical Problems on Submission, Penalties
The Construction Industry Scheme (CIS) requires registration of anyone who works in that industry, be that a sole trader or a company. The registration rule
How to Brand Yourself – 7 Steps to Follow
No matter you’re a freelancer, small business or a big entrepreneur, branding is your today’s need. In fact, we’re so surrounded by it that we
Different Ways of Deferring CGT by Selling or Gifting a Business Asset – Hold over Relief, Roll over Relief etc.
Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if the disposal is of ‘business
How to Succeed in Business – 10 Tips to Follow!
Every business owner dream to achieve success, but most of them don’t know how to get there. You need to do a lot of effort
How to Name a Business? 10 Tips For Naming Your Business
Congratulations, if you have decided to kick-start your business venture! It means that you have got a great idea. You’ve started working to turn that
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