Accountancy and Tax

Artificial Intelligence (AI) is one of the emerging trends in accounting. As it keeps evolving and encroaching on the roles of accountants, it becomes hard to know what the future holds concerning the two issues. Will AI replace accountants? It is fair to know such an answer if you are in this profession to know … Read more

Are you considering starting a company while employed but need to know if it is right? If so, this piece is a must-read so you can know how to proceed. It discusses the legality of the matter and much more. Legally, you have the right to start a company whilst employed. So, don’t shy away … Read more

Choosing the right outsourced service providers for your business is an important process, as you need to work with that person or organisation closely and share private information with them. When it comes to business accounting, that’s even more true, as you will need your company accountant to undertake vital tasks such as filing your … Read more

Cryptocurrency losses can be worrying, especially when you’re not sure how or even if you can claim tax relief. Following recent downturns in the cryptocurrency market, it’s more important than ever for cryptocurrency owners to be aware of how they can access relief. Let’s take a look at the process and find out exactly what … Read more

‘Deferred tax’ is a term you may have come across in your company’s accounts when filing tax returns. But what is it, how does it work and what impact does it have on tax payments? To help you understand, let’s talk about what this term means and look at an example of how it can … Read more

If you’ve discovered you’re owed a tax refund, you probably have questions about the process. When will you get your money? You’ve submitted your application, so why haven’t you heard back yet? Is there anything you can do to receive your refund faster?  Let’s look at the usual timeframe, why it takes as long as … Read more

More often than not, the money you gain from a sale will be taxed, with gain defined as the difference between what you paid for an asset and what you sold it for.  You are probably aware that you can make certain deductions when calculating how much tax you owe. This can be really helpful, … Read more

A UTR is a Unique Tax Reference number. Made up of ten digits, your UTR is, as the name suggests, unique to a person or company. But what is it for, why do you need one, and where do you find it? This guide offers a clear explanation of everything you need to know about … Read more