9th March 1999 was the day when Inland Revenue, the department responsible for tax collection in the United Kingdom, offered a glimpse of its planning to tackle the problem of disguised employment via a press release. Now, as the press release number was 35, it was widely known as IR35. Later on, this came into... View Article
Do you run a restaurant in the UK? Are you an SME operating in the UK’s food retail landscape? If yes, you must know that things are going to change forever. The British government has recently declared the amount companies need to pay for importing goods from the European Union (EU). Earlier, there was unrestricted... View Article
Are you a UK resident? Are you planning to buy your first-ever home? You might be super excited and nervous at the same time. After all, finding a nice house at an affordable price is a distant dream for many but there is good news! Launched in 2020, there is a first homes scheme of... View Article
In 2021, the Government Digital Service (GDS) began developing a single, secure mechanism for central government services that could authenticate users’ identities. The resulting One Login service has now launched successfully and is proving to be a game changer. As a means of offering a single form of sign-in and identity verification, it is making... View Article
While the pandemic accelerates the pace of digitization and private companies are quick to embrace it, its adoption rate is still slow in government entities. In such a scenario, the progressive move of making child benefit claims online by the HMRC is a significant digital milestone. So, if you are someone making a child benefit... View Article
Do you run a business in UK? Are you tired of making futile attempts to navigating changes in UK tax laws? If yes, do not get disheartened. For businesses, it is a matter of utmost importance to understand the tax regulations and adapt accordingly. It does not matter when you run a small business or... View Article
In the dynamic business landscape, it is important to embrace change to stay ahead in the competition. For entrepreneurs, this is also true for accounting. The traditional methods that once served us well are now giving way to a new era. So, if you are an entrepreneur worrying over your accounts and tax returns, recognize... View Article
The world of entrepreneurship is uncertain. There can be exciting highs and daunting lows. As a UK-based entrepreneur or business owner, you have probably worked hard to build your business. So, to exit the same, seems unimaginable! Yet, due to declining profitability, severe health issues, or sometimes to pursue new ventures, you may too have... View Article
If you’ve ever found yourself lost in a maze of confusing terms of taxes and accounting? Well, navigating the complex world of finance often feel like deciphering a cryptic code, but don’t worry. In this blog, we will be demystifying taxes and accounting terms that have compelled you to scratch your head. Whether you’re a... View Article
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