by admin | May 14, 2020 | Accountants for Contractors
If you are an owner of a small business or a startup in London, then you have come to the right place. Here at Accotax, we guarantee that we will make accounting simple for businesses in London. We understand that you need an accounting firm that you can trust, and we...
by admin | Feb 20, 2020 | Accountants for Contractors
It does not matter whether you are global Fortune 500 Corporation or you are a small business with a very thin staff, someone has to run your financial operations in an efficient way to keep the business afloat and keep it from going under because your financial...
by admin | Sep 6, 2018 | Accountants for Contractors
The UK government had introduced the IR35 tax legislation in 2000. The purpose of introducing the tax legislation was to determine the self-employment status of independent contractors. It was introduced to catch individuals who were gaming the tax system to avoid...
by admin | Aug 9, 2018 | Accountants for Contractors, Accounting Issues, Tax Issues, Tax Saving Tips
Many businesses make mistakes when filing VAT returns. This is understandable since the UK VAT system is complicated. However, mistakes in entering the wrong amount can be costly as it can not only result in paying a fine but also trigger a VAT investigation. ...
by admin | Aug 8, 2018 | Accountants for Contractors, Accounting Issues, Business Growth Ideas
A new nil rate band was introduced in April 2017 for inheritance tax purposes in the UK. Known as the Residence Nil Rate Band (RNRB), it could save direct descendants of married couples thousands of dollars in inheritance tax. In this post, you will know what is RNRB...
by admin | Jun 22, 2018 | Accountants for Contractors
HM Revenue and Customs (HMRC) rolled out IR35 reform in April 2017. The reform initially applied to contractors working in the public sector. However, recently the HMRC has decided to extend the tax reform to the private sector, and it’s expected to be...
