30 Oct, 2021 01:40 PM
Tajaccountants blog
Use an Umbrella Company in the UK

An umbrella business, in general, is a firm that hires a temporary worker (also known as an agency worker or contractor) on behalf of an employment agency. The worker's services will subsequently be provided to the agency's

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28 Oct, 2021 08:16 AM
Tajaccountants blog
Commercial Mortgage Loans

Any loan secured on property that is not your primary residence is referred to as a commercial mortgage. Buy-to-let mortgages are a sort of high-volume commercial mortgage market for a mass market.

If you want

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18 Oct, 2021 09:55 AM
Tajaccountants blog
Electric Cars in Limited Companies

We are frequently questioned if purchasing a car through the company is beneficial. Historically, our response has been "No." It's too complicated, and you'll end up with a large tax bill in your personal capacity." This

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11 Oct, 2021 03:50 PM
Tajaccountants blog
National Insurance and Dividend Tax Increases Are on the Horizon

The Prime Minister's announcement of a 1.25 percent increase in National Insurance Contributions (NICs) from April 6, 2022, was not entirely unexpected, but the increase appears to be larger than it originally appeared.

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08 Oct, 2021 02:28 PM
Tajaccountants blog
Help to Grow: Digital - A Scheme for Vendors

Help to Grow: Digital is a new UK-wide initiative aimed at assisting small and medium-sized enterprises (SMEs) in adopting digital technologies that have been shown to boost productivity.

What does the scheme offer?

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04 Oct, 2021 03:27 PM
Tajaccountants blog
Making Tax Digital (MTD): Digital Links for MTD

Making Tax Digital (MTD) regulations changed on April 1, 2021. It's not enough to simply use software to file your VAT return. You must now consider where your data comes from and how it enters your

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25 Aug, 2021 08:40 AM
Tajaccountants blog
Post-COVID Tax Debts Collection

As it has been throughout the pandemic, the government’s goal is to protect livelihoods and keep people employed. HMRC has played a key role in achieving this, for example, by halting numerous debt collection activities and

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29 Jul, 2021 04:08 PM
Tajaccountants blog
Business Entertainment: VAT

According to a report, an average of £1.5 billion is spent on various events and corporate hospitality. In the UK, the size of the event industry itself is about 35%. With these major transactional movements, businesses

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30 Jun, 2021 01:17 PM
Tajaccountants blog
SME Grants and Support With Brexit Rules

New changes in doing business in the UK have come with a Brexit deal in place. Reformation and adaptation are now needed in terms of doing business with the EU. There’s plenty of help available on

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28 Jun, 2021 09:08 AM
Tajaccountants blog
Entrepreneurs Relief

The reforms to IR35, also known as off-payroll working started in April 2021 which now apply to the private sector. It has enabled claiming Entrepreneurs’ Relief for businesses in the UK.

With this

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19 Jun, 2021 03:56 PM
Tajaccountants blog
Three Ongoing Government Support Available for Small Businesses

Once again, to boost small and medium-sized business health in the UK, the government has availed three new support measures: Help to Grow Scheme, Restart Grant, and Recovery Loan Scheme.

These schemes are

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17 Jun, 2021 03:16 PM
Tajaccountants blog
Cryptocurrency Tax In The UK

Cryptocurrency has been one of the most hyped topics in the financial market amid the COVID pandemic. Just a few years back, crypto was all about Bitcoin, but now the digital currency market has evolved and

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10 Jun, 2021 03:20 PM
Tajaccountants blog
How Can A Company Pay Its Director With A Gross Salary ?

As a self-employed individual, starting a limited company is often a sensible choice for self-employed workers, it will give you a lot of freedom that you require and it will also give you chance to pay

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05 Jun, 2021 10:50 AM
Tajaccountants blog
Self-Employment Support Scheme (SEISS): Fifth Grant

The Self-employed people and members of a partnership that have seen a drop in earnings will be able to claim a final grant from the Self-Employment Income Support Scheme (SEISS) this year. The Government has published

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02 Jun, 2021 10:13 AM
Tajaccountants blog
Trademarking a Company: Know From The Start

Registering a trademark is one of the most effective and efficient ways you can protect your business’s name, brand, and work. Regarding intellectual property protection, there’s not much that can beat registering a trademark correctly. Many

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21 May, 2021 10:55 AM
Tajaccountants blog
New Covid-19 Business Recovery Loan Scheme

The UK government has announced a new government-backed loan scheme, aimed at supporting UK businesses as they recover from the economic impact of the COVID-19 pandemic. 

What is the COVID-19 Recovery Loan Scheme?

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08 May, 2021 10:51 AM
Tajaccountants blog
How Small Businesses Can Reduce Their Operating Costs

Mid-year is an adequate time to step back and look carefully at our business practices in order to reduce the likelihood that you will run into cash flow problems in the future. Such practice makes more

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24 Nov, 2020 03:48 PM
Tajaccountants blog
A Startup Guide For Contractors

If you come across the idea of conducting your work at your own terms and have the freedom of working through contracting services, then you need to understand how to start and what should be your

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18 Nov, 2020 02:40 PM
Tajaccountants blog
Everything You Need to Know About Capital Gains Tax

Taj Accountants, your accounts and taxation service provider in East London has come up with

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10 Nov, 2020 02:14 PM
Tajaccountants blog
How to Write a Business Plan

A business plan defines what you aim to achieve and how you are going to achieve it. The plan identifies the market opportunity, showcases how your business stands out from others and outlines the strategies to

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12 Oct, 2020 11:16 AM
Tajaccountants blog
Companies House to Resume Compulsory Strike off Process

In response to the global pandemic, HMRC has taken temporary flexible measures which have been considered under monthly review. From 10th of October (Saturday), the measure of suspending compulsory strike off action has risen. 

Meaning, HMRC

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05 Oct, 2020 10:11 AM
Tajaccountants blog
6 Tax Aspects to Consider When Selling a Business

While reading the news you may come across a lot of stories about businesses being sold. But why do people sell the businesses that they put so much effort into? Well, they do it when they

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02 Oct, 2020 11:00 AM
Tajaccountants blog
UK Dividends and Tax on Dividends for the 2020/21 Tax Year

For any corporation, the amount of funding gets as high as the shareholders of your company start investing by buying shares. As the investment gets higher, you tend to earn more profit and you tend to distribute

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30 Sep, 2020 10:52 AM
Tajaccountants blog
Pension Contributions: How Can You Contribute Through Your Limited Company?

As a limited company owner, contributions to pension can bring you and your employees some advantages. Pension contributions can be considered as an allowable business expense also, it can be offset against your company’s corporation tax bill.

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28 Sep, 2020 10:45 AM
Tajaccountants blog
Furlough Replacement: How Is Furlough Changing?

The Chancellor, Rishi Sunak has made an announcement on Thursday which states what happens after the furlough scheme expires at the end of this October.

In his announcement, he confirmed a Job Support

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24 Sep, 2020 10:21 AM
Tajaccountants blog
Simplified Expenses For Self-Employed Individuals

As a freelancer or self-employed individual, you have more to consider than the average employee as the process can get complicated and arduous for you. Being a self-employed individual, managing everything in your

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21 Sep, 2020 03:02 PM
Tajaccountants blog
Benchmarking Your Business: Definition, Significance and Strategies

Taj Accountants stands high among the renowned small business accountants  in London for offering outstanding accounting and taxation services and

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15 Sep, 2020 02:49 PM
Tajaccountants blog
Are You Paying the Right Amount for Your Income Tax and National

As an employee, every year you have to pay Income Tax and National Insurance on your wages through the PAYE system. In the UK, Income-tax is levied on several types of earnings such as; salaries or

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11 Sep, 2020 02:18 PM
Tajaccountants blog
VAT on Delivery Charges in the UK: VAT Rates, Rules and Exemptions

With the COVID-19 pandemic everyone is locked up in their houses and unable to go out without an emergency. Due to the isolated situation, travelling is decreasing while

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05 Sep, 2020 02:01 PM
Tajaccountants blog
COVID-19 Tips: Now Is a Good Time to Take Help From a

With the rising financial tensions all over England, businesses and self-employed workers are having questions regarding the current state of the property market. The current state refers that companies that once offered mortgages to people with

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01 Sep, 2020 01:41 PM
Tajaccountants blog
Small Business Tips: How To Manage Your Cash Flow During the COVID-19

The global pandemic has created havoc among the businesses and the economical states around the globe. Countries across the worlds are adopting new measures and policies in order to save the businesses from sinking with an

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28 Aug, 2020 10:27 AM
Tajaccountants blog
Unpaid Invoices: How to Chase Them

As a small business owner, you might face a lot of hardship while chasing the late payments from your clients and you might at times think you won’t be giving out services on account anymore. But

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26 Aug, 2020 10:12 AM
Tajaccountants blog
Scenario Planning: An Effective Tool For Strategic Planning

As a part of your business plan; you may have looked at the potential threats and opportunities with SWOT analysis, you may have also done the environmental analysis with the help of PESTEL. These analyses are

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07 May, 2020 03:28 PM
Tajaccountants blog
The Diverse Aspects of EIS and SEIS

The start-ups in the UK is a blooming market for the economy. Statistics show that London alone has the highest rate of 105 startups per 10,000 population in

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06 May, 2020 03:35 PM
Tajaccountants blog
P11D Form: Everything You Need to Know

Every year you need to report to HM Revenue and Customs (HMRC) regarding the expenses and benefits your employees get provided by your company. The items are reported

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25 Apr, 2020 10:28 AM
Tajaccountants blog
Abul Nurujjaman of Taj Accountants: A Success Story of a Successful Magazine

The Association of Accounting Technicians (AAT) is the prime professional membership body for Accountants with around 150,000 members working in 100 countries globally. They are globally recognised and universally standardized for

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23 Apr, 2020 10:17 AM
Tajaccountants blog
Spring Budget 2020: Unprecedented Decisions for Unprecedented Outbreak

Chancellor Rishi Sunak presented his first budget on Wednesday 11 March 2020, first to be held in the spring since March 2017. The budget underlines all the challenges and

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07 Apr, 2020 10:35 AM
Tajaccountants blog
Award Winning Software for an Award Winning Accountant in London

If you surround yourself with successful accompanies, you will most likely be walking on the road of success too. Mr. Abul Hyat Nurujjaman firmly believes in choosing the best partners

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28 Mar, 2020 05:40 AM
Tajaccountants blog
Coronavirus Grant of 80% of Wages and Salaries

Due to the outbreak of Coronavirus in the UK, workers are unable to continue their jobs. In this tough situation, the government is taking some steps to avoid the businesses from sinking.

 

Why is the

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26 Mar, 2020 05:33 AM
Tajaccountants blog
Coronavirus Grants and Benefits for Self-Employed

Self employed individual doesn’t have rights like the employed people. Employed people enjoy some legal protection and we call them Statutory payments which includes SSP, SMP etc. In this Coronavirus outbreak, SSP Statutory Sick Pay has become

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20 Mar, 2020 01:08 PM
Tajaccountants blog
Annual Accounts vs Annual Return vs Confirmation Statement: A Holistic View

Annual Accounts

Company’s annual accounts, also known as the ‘statutory accounts’ , are prepared at the end of your company’s financial year to provide an overall view of your company’s financial state.  It

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26 Nov, 2019 10:37 AM
Tajaccountants blog
The Best Accountant in London of 2019 by Three Best Rated

For the third time this year, Taj Accountants London has been recognised as a top accountant in London by ThreeBestRated.co.ok. 

In this regard, Melinda Crawford congratulated

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