In a sensible world National Insurance would be merged with income tax. This doesn’t happen because (a) supposedly the money it raises is set aside for state pensions and other welfare funding (it’s not really) and (b) no UK government wants to been seen introducing an income tax rate...
These expenses can include business-related costs, such as office supplies or travel expenses. Tax Credit: a financial incentive offered by the government to reduce the amount of tax an individual owes. Tax credits can be based on various criteria, such as income, family status, or specific ...
Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
“Allowances are a very broad area,” he says. “A few of the common or generous deductions and allowances are for research and development; use of home as an office, within certain limits; buildings bought for business use; and travel and accommodation when working away from home. “Don...
By using the Cloud Accounting System to provide a collaborative work environment, we act as your in-house accountant role although we are not sitting at your company’s office. If your company adopts our services, you only need to assign an accountant located at the site of the parent compan...