Our blog is the way we share our insights on latest tax matters and developments. Visit this page regularly to get upto date tax information.

Spreading Joy Scheme, Not a Simple Referral Scheme

Well, referral system if it may be called, however, I would call it our spreading joy scheme for our valued clients. That was what I told my colleague at our morning coffee meeting. But Talha, why not call it a simple referral scheme?, he said.  Let’s see how do we

Online Accounting Software or Cloud Accounting – A Step Ahead for Small & Medium Businesses

Not long ago, we saw the trend of small & medium businesses to get an online presence through a website and linking it with their CRM. Well, lets take a step further. Nowadays, cloud based file sharing and online accounting is the trend. Mobile technology & smart phones have triggered

UK VAT Rates – Standard, Reduced & Zero Rated

In the UK, there are 3 different rates of VAT and you must make sure you charge the right amount. Standard rate Most goods and services are standard rate. You should charge this rate unless the goods or services are classed as reduced or zero-rated. This includes: any goods below

How does VAT Works – UK

How does VAT works? This Question “How does VAT works?” comes in mind of all business owners. VAT charged on things like: business sales – for example when you sell goods and services hiring or loaning goods to someone selling business assets commission items sold to staff – for example

Business Capital Gains Tax

Business Capital Gains Tax: What you pay it on You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) all or part of a business asset. Business assets you may need to pay tax on include: land and buildings fixtures

Capital Gains Tax Rates

You pay a different rate of tax on gains from residential property than you do on other assets. You do not usually pay tax when you sell your home. If you pay higher rate Income Tax If you’re a higher or additional rate taxpayer you’ll pay: 28% on your gains