We all know now that ‘Cloud accounting’ is not a buzz word as many people initially thought and it really offers huge potential for small businesses in various aspects. Here are some key advantages: Real-Time Data: In our opinion the biggest advantage of cloud based accounting software is that the entrepreneurs of small business can …

Cloud accounting – the real benefits for small businesses Read More »

HMRC has introduced a new disclosure service enabling taxpayers to voluntarily report any income associated with ‘Crypto Assets’. In this regard HMRC has recently dispatched emails to various selected taxpayers believed to have received undeclared income linked to crypto currency and assets.  The launch of this disclosure facility aligns with the UK’s announcement of joining …

HMRC Introduces a new service for taxpayers to voluntarily disclose any unpaid tax on Crypto-assets Read More »

Under a new initiative of HMRC in spring Budget 2023 , individuals constructing their own homes now have the opportunity to reclaim VAT incurred through a newly introduced online service. HMRC has initiated this online platform to facilitate the reimbursement of VAT for do-it-yourself. In essence, this scheme enables taxpayers engaged in building their own …

Claiming back VAT on building your own home Read More »

Tax consultancy plays a pivotal role in the financial landscape of businesses and individuals alike, serving as a guiding light through the complex maze of tax regulations and obligations. In today’s dynamic economic environment, staying abreast of ever-changing tax laws and regulations is a formidable challenge. This is where tax consultants step in, offering their …

Strategy for Norway’s Pension Fund Global in 2023 Read More »