Self-employed workers will be able to apply for taxable grants worth up to 80% of their average monthly profits to combat loss of income due to the coronavirus pandemic, the Chancellor announced on Wednesday 25 March 20. The Chancellor confirmed that self-employed people across the UK will be able to get an amount equivalent to … Continue reading COVID-19 Self-employment support /financial Grant
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COVID-19: support for businesses
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a 12-month business rates holiday for … Continue reading COVID-19: support for businesses
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Benefits of Outsourcing Your Bookkeeping
As small businesses continue to thrive, many business owners are turning to outsourcing their record keeping so that they use their valuable time on important business development activities. This recommended for the best use of your precious time. It also has other added advantages, among these benefits the following are some to mention: ● Appointing … Continue reading Benefits of Outsourcing Your Bookkeeping
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What is a bookkeeping and why do I have to do it?
Bookkeeping is a part of accounting and is represented by daily records of every financial transaction that occurs within your business. Bookkeeping includes all invoices you create or receive, receipts from purchases, in general – all sales and payments. In the past, people used to record their financial transactions in very simple way by writing … Continue reading What is a bookkeeping and why do I have to do it?
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Companies and businesses will face higher National Minimum Wages (NMW) fines
New National Minimum Wages Crackdown on the card: – the government intended to get tough with companies and businesses that take on young employees but do not pay them the NMW. Now Vince Cable says that a general NMW crackdown is on the cards, sooner rather than later. Higher Penalties: – The penalty for not … Continue reading Companies and businesses will face higher National Minimum Wages (NMW) fines
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Restoring criminal liability for financial fraud
The credit crunch of 2008 as we all know was mainly caused by bankers who finagled several transactions within the mortgage industry or the market of mortgage securisations. The U.S. government have pressed charge only to the minority of the people responsible for the greatest economic crisis, the worse of the past few decades. The … Continue reading Restoring criminal liability for financial fraud
READ MOREBritish Gov admits that tax excemption doesn’t comply with EU regulations
The British government has finally taken into consideration that VAT exemption for business research supplied between the so-called “eligible bodies” does not comply with the rules and guidances of the EU. HM Revenue&Custom consulted on December the 20th on a plan to withdraw the exemption, set out in Group 6 of VATA 1994 Sch 9, … Continue reading British Gov admits that tax excemption doesn’t comply with EU regulations
READ MOREHow an accountant can save your business money
At the first stage of your enterprise you may want to save money on as many expenses as you can to keep the initial costs down. This strategy works out well when it comes to overheads which are not strictly necessary to the nature of your business, such as a company’s car or extra office … Continue reading How an accountant can save your business money
READ MOREHow to survive an accountancy interview
In this economic climate job hunting can be critical and crucial for whoever is seeking for a new path, a new career or has just graduated from University and is looking for their first job. The number of applicants is big enough to make the job-seeking process very challenging. This article will take you … Continue reading How to survive an accountancy interview
READ MOREImportant dates for end of year accounts for companies
As you already may know, every company in the United Kingdom must prepare and submit a set of accounts each year, according to the company’s accounting year end date. In some cases companies carry periodic accounts throughout the year, either quarterly or every six months. A company’s accounting year end is normally determined by the … Continue reading Important dates for end of year accounts for companies
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