Tax & VAT

a blog featured image with Annette entitled What Is WIP?

What Is WIP?

Understanding and analyzing financial statements are the bane of most entrepreneurs and business owners. They often dread anything that has to do with the financial aspects of their business. Without a financial or accounting background, it would be hard to interpret the numbers written on your financial reports, thus making it challenging to come up …

What Is WIP? Read More »

a blog featured with annete entitled How to Legally Take Money Out of Your Limited Company?

How to Legally Take Money Out of Your Limited Company?

It is so easy to think that, just because you have your own business, you can have access to your business’s money anytime you want and need to. One of the most common concerns small business owners have is how they can take out money from the business since they practically own and run the …

How to Legally Take Money Out of Your Limited Company? Read More »

a blog featured image entitled VAT Reverse Charge including Construction Industry Scheme: When and How to Use

VAT Reverse Charge including Construction Industry Scheme: When and How to Use

The VAT Reverse Charge (for buildings, construction services) is simply the change of how VAT is handled in the UK Construction Industry Scheme. It applies directly to services and does not include the materials used in the scenario, as this can be provided separately in front of the construction service.  What You Need To Do …

VAT Reverse Charge including Construction Industry Scheme: When and How to Use Read More »

a blog featured image entield What Happens if I Don't Pay My personal tax

What Happens if I Don’t Pay My Personal Tax

There are many reasons you might not be able to pay your taxes by the appointed deadline. Whether it may be a financial problem or some unforeseeable circumstance, not paying taxes can lead to more expensive problems down the road. So what do you do if you can’t meet the deadline for personal tax payment? …

What Happens if I Don’t Pay My Personal Tax Read More »

a blog featured image entitled What Can I Claim So I Don’t Have To Pay Tax?

What Can I Claim So I Don’t Have To Pay Tax?

Taxes are a pain. That is something that most people would agree upon as a statement. Whether you are a billionaire, worker or someone on the streets, you pay some amount to the government. It is a pain because it takes a cut out of your hard-earned money. The higher your compensation is, the more …

What Can I Claim So I Don’t Have To Pay Tax? Read More »

a blog featured image entitled How Does BREXIT Affect Me Selling to the EU?

How Does BREXIT Affect Me Selling to the EU?

Brexit is a combination of the words Britain and exit. As the name suggests, this pertains to Britain leaving the European Union after almost half a century since it first became a member in 1973. This vote was approved last 2016 and was put into effect on January 31, 2020. However, both parties agreed that …

How Does BREXIT Affect Me Selling to the EU? Read More »