by Shoaib Aslam | Dec 7, 2020 | Accounting, Financial Advice, Small Business Advice, Tax
The way a small business in the UK can save tax (legally!) is to engage in a proper tax optimisation strategy. Forget any ideas of never paying any tax. It just doesn’t happen (legally). Sure, sure, we’ve heard the rumours about “digital nomads” who spend only three...
by Shoaib Aslam | Sep 14, 2020 | Accounting, E-commerce, Financial Advice, Small Business Advice, Tax, Technology
The beauty of cloud-based accounting tools such as QuickBooks is that they can be made to connect to a wide variety of services. Connecting to these external services can save you time as a result of not needing to do manual data-entry for items which have been...
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...
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...
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...
by Shoaib Aslam | Dec 27, 2019 | Accounting, Financial Advice, Small Business Advice, 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...