Steps to be considered if you hold an invalid VAT invoice
To claim input tax, VAT registered businesses in the UK have to furnish valid VAT invoices as evidence. All VAT registered businesses in UK must issue a valid VAT...
February 12, 2021
New rules were expected at the end of the Brexit transition period. And the same are clear now. Till Dec 2020 tax relief was there on import VAT if the amount was under £15. This was known as LVCR - Low-Value Consignment Relief. No import VA...
February 09, 2021
With the self-assessment online deadline moving ever closer the panic amongst people is increasing. However, it isn’t just the deadline that people should fear as criminals are trying to reap the benefit of this paranoia to get customers to ...
February 06, 2021
One year of the pandemic down and still there appears a lot still to be learnt about the virus as COVID-19 has morphed into a whole new dodgy variant swiftly infecting the masses. But life cannot come to a standstill and so despite lockdowns and r...
February 04, 2021
Accountancy services have evolved considerably from what they were at the start of the year 2020 to what they are in 2021. The Covid 19 pandemic has just completed a year but what a year of tremendous change it has been! Accountancy no longer rema...
January 29, 2021
Accounting for Start-ups can be difficult if they do not take care of certain things. Below are the Tips for The Self-Employed Business Owners.
Deadlines
You need to keep an eye on the deadlines. It may seem ea...
January 27, 2021
While keeping the books might not be a task one fancies doing oneself; if the cost attached to it starts seeming significant it would be no surprise to want to amend things a little or seek alternate options. A reduction in operating costs after a...
January 25, 2021
The importance of on-demand access to core financial data has been highlighted by COVID-19. For most of the business leaders, cash flow quickly climbed to the top of the list of priorities as they suddenly needed to develop an accurate forecast fo...
January 22, 2021
Accounting business is the one who often rely upon outdated processes and paper from decades because of which this industry is not known for being technologically savvy. However, due to the pandemic situation, the industry has shifted their gears ...
January 15, 2021
If anything, the COVID-19 pandemic has brought to light the importance of contact. People now want to reduce their contact with objects and thus, going paperless is just a part of it. Along the same lines, it is also important to note that a compl...
January 13, 2021