by Quraish Adamally | Dec 5, 2018 | Blog |
If you’re just doing a bit of work on the side, a recently appointed Company Director or just renting out a property for the first time, these are some of the most common reasons why you will need to submit an annual tax return. In most cases freelancing on the side...
by Quraish Adamally | Oct 25, 2018 | Blog |
When should you register for VAT? It’s compulsory to register for VAT once your earnings pass a threshold amount of £85,000. That threshold can change from year to year. Once you pass the threshold, you have 30 days to register. If your business earns less than the...
by Quraish Adamally | Sep 21, 2018 | Blog |
As March 29th 2019 is slowly approaching it is important that all business’ consider how a no deal Brexit scenario could affect them. For most UK Business’ this outcome will have no effect. However, for UK business’ that supply goods and services between the UK and EU...
by Quraish Adamally | Aug 21, 2018 | Blog |
Making Tax Digital (Delightful is our objective 😊) is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of the annual tax return for millions....
by Quraish Adamally | May 16, 2018 | Blog |
‘Non-domiciled’ residents – What should you know if I am Resident in UK for tax purposes? Your domicile’s usually the country your father considered his permanent home when you were born. It may have changed if you moved abroad and you don’t intend to...
by Quraish Adamally | Apr 3, 2018 | Blog |
INCOME TAX RATES 2018/19 Rate 2017/18 Rate Note Individuals – UK Starting rate £1 – £5,000 20% £1 – £5,000 20% A, D Basic rate £5,001 – £34,500 20% £5,001 – £33,500 20% B, C, D Higher rate £34,501 – £150,000 40% £33,501 –...
by Quraish Adamally | Feb 7, 2018 | Blog |
Deadline for submitting your tax return and making any balancing payment in UK was the 31st January. You will be charged a penalty initially starting from £ 100.00 if you miss the deadline for self-assessment submissions. HMRC may waive the penalty if you can provide...
by Quraish Adamally | Nov 16, 2017 | Blog |
As a Firm of Chartered Accountants, we are providing a range of services to our clients. One of our most successful being the Outsourced FD function. To effectively ensure our clients are covered in all aspects Its important for us as finance professionals to ensure...
by Quraish Adamally | Sep 5, 2017 | Blog |
ISAs were introduced by the government as a tax efficient way of saving or investing. In simple terms, an ISA allows you to save money without paying tax on the interest you receive. If you’re starting to think about saving or investing, ISAs could be a good...
by Quraish Adamally | Jul 25, 2017 | Blog |
As full time employed many of us don’t take advantage of the tax reliefs available to reduce your tax liability. Most of us believe the tax deducted by your employer is full and final. We estimate that over million employees lose out because of this. Even If you have...
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