Tax Archives - Pearl Accountants

UK VAT Cuts for Hospitality and Incentives for Restaurants

by Shoaib Aslam | Aug 11, 2020 | Accounting, Financial Advice, Small Business Advice, Tax

As part of the government’s plan to enable the UK economy to get back on track, Chancellor of the Exchequer Rishi Sunak has announced two new measures to assist people to go out and “enjoy summer safely“. Reduced VAT on UK hospitality and tourism industries First and...

Filings Your Small UK Business Must Know About

by Shoaib Aslam | Apr 8, 2020 | Accounting, Financial Advice, Small Business Advice, Tax

We’re talking about Limited Companies here, not sole traders. Failure to know these requirements like the back of your hand could lead to surcharges which might cripple you. A lack of attention to these vital basic taxes and forms could result in: SurchargesInterest...

The top 10 Tax saving tips for landlords

by Shoaib Aslam | Jan 7, 2020 | Accounting, Landlord Advice, Small Business Advice, Tax

Landlord businesses are shared all over the UK, as property prices continue to surge across different cities and districts in the country. Many landlords gain financial freedom due to capital gains, and they are also liable to pay taxes on every form of income that...

What is Corporation Tax? A Small Business Guide

by Shoaib Aslam | Dec 27, 2019 | Accounting, Tax

The corporate income tax is one of the central taxes that you have to pay if you are running a business. It is a critical piece in the fundamental decision-making process. It affects many decisions when businesses emerge into the market. Among these, there are...

Tax Saving Tips for You and Your Business

by Shoaib Aslam | Nov 13, 2019 | Small Business Advice, Tax

Anyone who pays tax surely wants to save some of it and reduce it. Good news for all those people as there are several ways to save on tax bills legally. No matter whether you are self-employed, an employee, an investor or a landlord, there are several ways to cut...

Are you tax resident in the UK?

by Shoaib Aslam | Nov 6, 2019 | Tax

ON 6TH April 2013, the UK government implemented a legal residence test. This test determines the tax status of a tax resident in the UK permanently or for some time. Let’s review the legislation The test was introduced due to the already existing uncertainty related...