As the winter holidays are approaching fast, some companies consider giving Christmas gifts to their employees. While a nice gesture, employers need to know the taxation rules. If these rules are broken, the employees offered the gift will end up paying more tax. Surely, companies want to avoid giving more trouble than joy to their […]
How many companies, sole traders and self-employed people prioritise on their tax returns? As December is knocking at our doors, we have just over two months left to fill in the forms for 2017-2018. Many choose to wait until after Christmas to finalise their tax returns. As HMRC reports for the previous year show, nearly […]
By September 30th 2018, landlords needed to declare any income earned from properties abroad. Mid-summer this year HMRC warned any such earnings from abroad, be it from renting or business, should be declared by the named date. Will you or your business be affected? And what else changed recently? Under the Common Reporting Standard (CRS), […]
Online accounting, is the application of online and Internet technologies to the business accounting function. E-accounting is “electronic enablement” of lawful accounting and traceable accounting processes.
A mutual fund is a investment fund that pools money from many investors to purchase securities. Mutual fund it is most commonly applied only to those collective investment vehicles that are regulated and sold to the general public.
Real estate markets in most countries are not as organized or efficient as markets for other, more liquid investment instruments since individual properties are unique to themselves and not directly interchangeable.
A number of employers who paid staff less than the minimum wage will have to pay a total of more than £20,000. A list published by the UK government showed 14 Welsh businesses had underpaid a total of 64 workers – with some being owed more than £1,000. But a Michelin-starred chef said it was […]
Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence and joy of the third age.
Cash flow forecasting is important because if a business runs out of cash and is not able to obtain new finance, it will become insolvent. Cash flow is the hearth of all businesses particularly start-ups and small enterprises.