Sohaib Ahmad

2019 payroll rules

Business

Payroll: Enforce New Rules for Payslips in 2019

Introduction to the new rules and guidelines on using this guidance From April 2019   New legislation has come into force from April 2019 requiring all employers to (a) furnish all workers with payslips who are on their payroll (b) show the hours worked and how the pay is variable depending on time worked once […]
2 days ago 11 Reads share
Top 10 Finance Tips For Contractors And Freelancers

Top 10 Finance Tips For Contractors And Freelancers

Freelancing and contracting are not for the faint-hearted. It can feel like a rollercoaster, characterized by unpredictable job cycles, erratic income and a lack of a contingency plan. The situation can be quite stressful, especially when you’re just starting out. But if you’re organized, freelancing/contracting can be an immensely rewarding way to earn a living, […]
3 days ago 22 Reads share
Understanding VAT For Your Business

Business

Understanding VAT For Your Business

What is VAT?    A value-added tax (or VAT) is the consumption tax that is always imposed on products when the value is added at every stage starting from the production all the way to when the product is sold. In some countries, VAT is referred to as goods and services tax or simply, GST. […]
4 days ago 17 Reads share
Understanding Corporation Tax For Businesses

Finance

Understanding Corporation Tax For Businesses

Corporation tax for Businesses When you start your own business, there are several factors to consider and one very important one is how to manage your taxes effectively and legally? A corporation is an entity with a separate legal identity from the business owners who control it through the shares they have in the company. […]
5 days ago 23 Reads share
A Comprehensive Guide For Landlords

Business

The Right To Manage: A Comprehensive Guide For Landlords & Leasehold Tenants

Commonhold and Leasehold Act 2002 gave the tenants of development the right to take over the management of their development from their landlord, by using a company specially set up for this purpose called a Right to Manage Company (RTM). If you are a landlord or residents within a development looking for more information on […]
5 days ago 17 Reads share
Understanding Capital Gains Tax

Understanding Capital Gains Tax

Taxes can get complicated, identifying which one applies to you and what to do with it can be arduous and time-consuming. Each tax has different requirements, rules, and thresholds, finding all this data can create confusion, mistakes, and stress for someone who has never dealt with it before. Capital gains tax is one of those […]
5 days ago 25 Reads share
Understanding The Construction Industry Scheme

Business

Understanding The Construction Industry Scheme – CIS

The UK’s Construction Industry Scheme, abbreviated as CIS, is a national tax-deduction scheme for British contractors and sub-contractors. Created to reduce tax evasion in the construction industry, the scheme falls under the jurisdiction of and reports to Her Majesty’s Revenue and Customs (HMRC). Any New Developments? As from 5th September 2018, a non-resident firm engaging […]
May 31, 2019 50 Reads share
home based business ideas

Top 10 Home-Based Business Ideas For 2019

If you’re an entrepreneur who’s looking to get into the world of business by starting a start-up in 2019, you’ve come to the right place. There are many entrepreneurs who would like to be their own boss but don’t know what kind of business to start with limited capital and resources. In this article, we’re going to take […]
May 22, 2019 110 Reads share
bookkeeping business performance

Business

The Number One Key Resource For Building A Strong Business Foundation

The Key Element to Effective Business Performance   Every business has a purpose – to be successful. But what most of them lack is the ability to appropriately manage their day to day activities. Chaos is the result of improper organizational skills. So, to run a business successfully, it is important to be organized and […]
May 17, 2019 84 Reads share
hair stylists claim expenses

Growth

Self-Employed Hairdressers – What Expenses Can You Claim?

Many hairdressers are at a loss of what expenses they can claim for tax purposes. They often wonder if there are any special tax and accounting rules when it comes to their field. What are the rules when it comes to VAT for hairdressers?   The following table gives hairdressers a solid idea as to […]
May 8, 2019 115 Reads share