Articles/News

Many businesses outsource central jobs that are not within the staff’s core competencies, and accounting is no exclusion! Virtual accounting is a new trend that allows experienced accountants to offer their services remotely. Businesses acro...

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December 30, 2020


The Cashless Or Contactless Payments:

There is a famous proverb in English that time will not wait for us, we have to move with time. We have to analyse and see the direction of the wind, to flow with it...

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December 28, 2020


The winter of 2020 has been predicted to be harsh. While vaccine trails are being pushed to their utmost, businesses remain closed or at least semi-operational, and workers live in fear of losing their jobs. Is there indeed a silver lining out the...

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December 25, 2020


There are several professions around us and the professionals who are a devotee to these professions. What makes a person a professional? Anyone who identifies himself with a profession knowing a field of activity and considers issues placed befor...

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December 23, 2020


Just submitting your self-assessment on time is not that important. You need to ensure that it is error-free of any unintentional mistakes. While there are penalties for not meeting the deadline when it comes to filing your self-a...

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December 21, 2020


HMRC has come up with great news for all the taxpayers as they are not going to charge daily penalties for late filing of 2018-19 tax returns because of coronavirus. Keeping the current situation in mind, HMRC took this decision to support taxpaye...

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December 18, 2020


Bookkeeping outsourcing is getting common due to several reasons. While not complicated it is a time taking but very essential service for a busi...

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December 16, 2020


The holiday spirit does indeed seem to be thin this year, even as business owners navigate haltingly through the ‘difficult winter’ that was predicted by the UK government thanks to the coronavirus pandemic. As the end of the year draw...

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December 14, 2020


Creditors' Voluntary Liquidation (CVL) is a procedure, instigated voluntarily by the members of an insolvent company, by which the assets of the insolvent company are sold, and profits distributed to the company's creditors. The Company ge...

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December 12, 2020


Risk is a part of the business but in the current pandemic situation, the scales have tipped even higher even as the capital in the market has fallen lower. This has become a time of not recruiting new people to do new tasks (all thanks to the fal...

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December 09, 2020


In any situation, people try to find some advantage and use it in their favour. The same applies to frauds. Some people are trying to use Covid-19 to lure people into a trap. While the government plans different schemes to help people, it is neces...

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December 07, 2020


Do you charge your customers compensation to withdraw from agreements to supply goods or services?  If yes you may have a question - Are charges to withdraw from agreements to receive goods or services vatable? Is there VAT on cancellation fe...

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December 05, 2020


In these competitive times taking care of your payroll is not easy.  So much so, that you may be looking to an outsourced payroll provider to take this headache away and take some much necessary external assistance to the tab...

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December 03, 2020


The United Kingdom left the European Union on January 31st, 2020. Both the parties agreed to a transition phase, which shall be in force until 31st December 2020. During this transition phase, the UK is still part of the EU regulatory framework an...

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December 01, 2020