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VAT Flat Rate Scheme Changes

  • Posted 6th December 2016

VAT Flat Rate Scheme Changes

In the past, all the VAT registered business owners with a taxable turnover of under £150,000 probably have used VAT Flat Rate Scheme (FRS) available to them. This scheme was especially designed to help the small businesses with the record keeping and VAT reporting. However, the change in the scheme announced by the Chancellor Philip Hammond in his Autumn Statement can have a direct effect on them. 2020...

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  • Posted 1st December 2016

How to Avoid VAT Pitfalls

When you are running a small business, there will be many challenges on your way. Sometimes, it can be too much and complicated for you but it can be simple if handled well. From bookkeeping task to filling tax returns, everything needs to be done accurately. 2009...

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  • Posted 26th November 2016

Real Time PAYE Coding Adjustments

HM Revenue & Customs (HMRC) has announced plans for real time adjustments to taxpayer’s tax codes for the 2017/18 tax year. This change has been introduced to ensure taxpayers can pay the right amount of tax within the current tax year. 1972...

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  • Posted 22nd November 2016

Roles of a financial consultant

Whenever you start a business, you may not be familiar with all the financial aspects of a business. So, whom do you turn to when you require guidance on finance? This is where financial consultant comes in. 2003...

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  • Posted 20th November 2016

How to protect your business from fraud?

With the growing dominance of technologies, fraud has become more evident than before in most businesses. Despite these dangers lurking around, businesses fail to have secured systems.This is why every businesses need to have a robust strategy to protect themselves from frauds or any other potential risks. 1987...

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  • Posted 17th November 2016

Common Expenses to be Claimed by Dentists

There will always be different kinds of expenses in whatever profession you are in. Like many other professions, dental profession also has many expenses to take care of. However, dentists are eligible to claim some expenses thereby reducing tax bill. 1997...

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  • Posted 15th November 2016

Are you Aware about Self-Assessment Tax Return Deadline?

Not everyone has to submit a self-assessment tax return. If you are: • Self-employed • Your or your partner’s income was more than £50,000 or one of you claimed child benefit • Have foreign income where you need to pay tax on 1977...

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  • Posted 10th November 2016

Why Is Financial Management Important For Business?

Why do most businesses fail? Well, there are many reasons like unprofitable model, poor planning and poor financial management which lead to a business failure. Among them, financial management remains the most important because a business can hardly survive without a strong finance. Here are some strong points to help you understand on why financial management is essential for the sustainability of your business. 1962...

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  • Posted 25th October 2016

Things to Consider When Starting a Dental Practice

Generally, setting up any type of business can be challenging. And, dental practice is certainly no any different. You will need to have specialist skills and knowledge to deal with it in a successful manner. Whether you decide to buy an existing one or start your own, it should be done carefully from the very beginning. 1941...

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  • Posted 21st October 2016

High quality taxing advice from one of our own

Wealth & Finance International sits in with Mr. Dev Vasudeva to understand what it takes to provide best quality tax services in its edition of August, 2016. [wppdf id='1913']...

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