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

Admin Category: Business Advice,
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

Admin Category: Payroll,
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.

Admin Category: Business Advice,
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

Admin Category: Business Advice,
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,

Admin Category: Business Advice,
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

Admin Category: VAT,
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

Admin Category: Business Advice,
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

Admin Category: Business Advice,
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

Admin Category: Corporation Tax,
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 Advice, 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 Advice, 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

Admin Category: Business Advice,
01 Jul, 2020 08:03 AM
A Modern Way of Working During the Coronavirus Pandemic

Being Able to Work From Home is a Silver-Lining to This Covid-19 Pandemic Situation

The COVID-19 pandemic is the biggest challenge that we are facing in this generation. We neither witnessed anything like this before nor were we prepared for such uncertainty. However, technology is always one step ahead to repair any of the

Admin Category: Business Advice,
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

Admin Category: Business Advice,
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

Admin Category: Payroll,
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

Admin Category: Penalties and Deadlines,
06 Apr, 2020 03:06 PM
Coronavirus-The Extension for Filing Accounts With Companies House

Companies House Has Allowed Extension of Three Months for Companies to File Their Accounts Due

If your company has been affected by the COVID-19 outbreak and you will not be able to file your accounts on time then Companies House has recognised your directorial urgency and made the right announcement for you.   The Companies House has

Admin Category: Penalties and Deadlines,
04 Apr, 2020 03:14 PM
Statutory Sick Pay (SSP): A Significant Support for Employees Battling COVID-19

Prime Minister Has Announced Statutory Sick Pay (SSP) for Employees up to 28 Weeks to

The Statutory Sick Pay (SSP) has been taken into action from March 2020 to provide support to the employees who are in self-isolation due to the pandemic.  In the UK, the toll of confirmed cases are increasing everyday causing workers to

Admin Category: Payroll,
02 Apr, 2020 03:30 PM
COVID-19 Has Delayed the IR35 Reforms

To Reduce Pressure from Businesses the UK Government Has Postponed the IR35 Reforms

At the end of the parliamentary debate in March 2020, Steve Barclay announced that the IR35 tax reforms would be delayed for a year. The changes due on 6 April 2020 have now been postponed to 6 April 2021, amid

Admin Category: Penalties and Deadlines,
Whatsapp Now