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

This blog helps you find out about how and what you’ll be paid if you

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 clients. For many contractors,

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28 Oct, 2021 08:16 AM
Commercial Mortgage Loans

Commercial mortgages are loans that are made to your company rather than to you individually.

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 to expand your firm or make

Admin Category: Business Advice,
18 Oct, 2021 09:55 AM
Electric Cars in Limited Companies

A large number of firms provide company automobiles to their employees, especially if their profession

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 was the answer because

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

Prime Minister Boris Johnson has suggested a variety of tax increases for taxpayers around the

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. NIC  NICs - beginning April 6, 2022, a 1.25

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

If you're a software vendor, here's how to apply to deliver digital technologies under the

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? The program will provide SMEs with free, impartial advice

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

How to comply with HMRC's MTD for VAT digital link requirements.

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 accounting records.  What is Making

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

Collecting Tax Debts As We Recover From Coronavirus (COVID-19).

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 implementing support programs such

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

Here you can find out how to account for VAT on the entertainment provided by

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 in the UK need

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

You Can Help Your Business to Adapt With the Brexit Support Fund and Other Available

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 everything from exports and

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28 Jun, 2021 09:08 AM
Entrepreneurs Relief

You Can Claim a Lifetime Allowance of £1 Million Through the 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 move, large and medium-sized private sector businesses are

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

If you are one of those small businesses in the UK and you have been

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 aimed to help SMEs boost productivity, acquire digital

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

Find Out All the Details on How Cryptocurrency Is Taxed 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 revolutionized into something much

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

Find out how you can pay yourself a salary as a director through your limited

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 yourself an amount of

Admin Category: Company Formation,
05 Jun, 2021 10:50 AM
Self-Employment Support Scheme (SEISS): Fifth Grant

Apply for the fifth grant under the Self Employed Income Support Scheme (SEISS) covering May

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 guidance on the fifth

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News and PR,
02 Jun, 2021 10:13 AM
Trademarking a Company: Know From The Start

Trademarking your company provides you essential legal protection by securing your business’s name and your

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 new business owners struggle

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

The Recovery Loan Scheme gives access to finance for UK businesses as they grow and

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? The Recovery Loan Scheme is to help businesses of

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

It does not take much of an effort or time to reduce costs in your

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 room for money to

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

Starting off as a contractor or a self-employed individual gives you flexibility and multiple other

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 initial steps.  Setting up on

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

The blog covers different areas of Capital Gains Tax (CGT) and provides you with suitable

Taj Accountants, your accounts and taxation service provider in East London has come up with all the multi-dimensional perspectives on Capital Gains Tax (CGT). On our way to filing tax and providing consultancy regarding taxation, we have come across a

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

An essential guide to writing a successful 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 ensure success. So, a

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

From 10 October, HMRC has begun striking off companies that they believe are no longer

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 has resumed the process to

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

Here’s what you need to know when selling or closing your business and how to

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 see the potential value

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

This blog describes how ‘dividend’ in the UK works and how much tax you have

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 it amongst the

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

Pension contributions, being one of the remaining tax breaks available to limited companies, allow you

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. Based on the government’s

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

Rishi Sunak has officially announced the replacement of the Furlough Scheme.

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 Scheme(JSS) will be forthcoming. Sunak is also looking

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

A guide which aims to help self-employed individuals regarding how to use Simplified Expenses

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 business by yourself can be tough sometimes.

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

By following the 9 steps you can successfully Benchmark your business.

Taj Accountants stands high among the renowned small business accountants  in London for offering outstanding accounting and taxation services and advice to corporates, as well as individuals. Our leading firm is always eager to offer advice to our clients and

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

Know all the basics regarding Income Tax and National Insurance before paying them off.

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 wages, interest on securities,

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

Find out how you can charge VAT while you’re delivering goods under different circumstances.

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 digital subscription services are increasing to another level. Considering the situation, a

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09 Sep, 2020 02:08 PM
‘Help to Save’ Government Scheme

The scheme is designed to help you with your savings by allowing you to put

If you are planning to save money but you are struggling through the process, then you have come across the right blog of Taj Accountants. In today's blog we have come up with the contents of ‘Help to Save’ Scheme

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

The advice of an expert mortgage broker can save you both time and money, especially

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 credit scores of 620

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03 Sep, 2020 01:47 PM
The Impact of COVID-19 Travel Restrictions on Tax Residency

Travel restrictions may risk the permanent establishment by giving a raise.

Working practices in the United Kingdom (U.K.) are moving into aggressive suppression phases to halt the acceleration of the spread of COVID-19, including introducing lockdown measures and restrictions on international travel. With the ongoing COVID-19 crisis, travel restrictions may cause

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

It’s important to organize your cash-flow before claiming for any COVID-19 government grants.

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 aim to bring back

Admin Category: Business Plan,
28 Aug, 2020 10:27 AM
Unpaid Invoices: How to Chase Them

Keeping up with unpaid invoices can be challenging for small business owners. So, here is

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 the truth is, these

Admin Category: Business Plan,
26 Aug, 2020 10:12 AM
Scenario Planning: An Effective Tool For Strategic Planning

How to conduct a Scenario Planning Process and Use It In Your Business

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 helpful tools for your

Admin Category: Business Advice,
24 Aug, 2020 09:56 AM
How To Protect Your Business From Coronavirus Scams

As more businesses and self-employed individuals are leaning towards working remotely, fraudsters and cybercriminals are

Due to the COVID-19 lockdown situation, remote working has become the trend in the business world. If you’re a small business owner or a small business accountant in London you must have already gotten familiar with the norm and started

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

We have come up with the difference of Enterprise Investment Scheme (EIS) and Seed Enterprise

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 2018. The start-up environment is thriving with new entrepreneurs and small business

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

This blog provides a overall view of the P11D form and what you need to

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 through a P11D form. In today's blog, Team Taj Accountants has come

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

Abul Nurujjaman of Taj Accountants has been featured in the cover of Accounting Technician (AT)

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 their Accounting Qualifications.  AAT associates itself with highly ambitious and

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News and PR,
23 Apr, 2020 10:17 AM
Spring Budget 2020: Unprecedented Decisions for Unprecedented Outbreak

The UK Budget Spring 2020 Has Been Taken as a Spur to Provide Economic Security

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 unprecedented decisions based on the COVID-19 outbreak. £12 billion budget has been

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

BTC Software Brought the Best Solution for their Clients by Ensuring Top Notch Support

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 and the best solutions in order to be successful.  Holding

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

How can a Business Claim 80% Wages for Staff During the Coronavirus Pandemic

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 Government paying a Grant of 80%

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

Process to claim beneficial measures taken by the government for self-employed on the Coronavirus pandemic

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 a part of

Admin Category: Business Advice,
20 Mar, 2020 01:08 PM
Annual Accounts vs Annual Return vs Confirmation Statement: A Holistic View

Annual Accounts vs Annual Return vs Confirmation Statement Explained

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 is a single document that must be written

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

This Time It is a Hat-Trick for Taj Accountants

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 us saying, “Congratulations! You are now listed as one of the Top 3 Accountants in

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