Due to the COVID-19 outbreak, the government is taking crucial steps to save the economy and help the businesses stay consistent. Among those measures, Coronavirus Business Interruption Loan is playing a vital role for Small and Medium Enterprises (SMEs) allowing

From the chancellor’s announcement, a grant of £10,000 has been declared for the small businesses to keep their flow consistent. It is a one off payment starting from April 2020. Initially, the amount was for £3,000 and which later has

A Grant of £25,000 per property has been declared for the retail, hospitality and leisure sectors named as The Retail , Hospitality and Leisure Scheme. Businesses in these sectors will get a  £25000 business grant in the UK with a

To manage the COVID-19 pandemic the government has taken several financial measures and commitments. According to Chancellor Sunak, the commitments are ‘unprecedented measures for unprecedented times’. Mr. Rishi Sunak on March 17 has announced to defer the next quarter of

The Global Pandemic has created havoc in lives and economies. Which leads the government to take preventive measures to mitigate the loss and keep the economy functioning. The measures include ways to facilitate individuals and businesses in various ways. If

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%

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

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

The employer is responsible for collecting and paying taxes on behalf of the employee. These deductions concern: PAYE, NI contributions, private pension and donations. These duties were previously done using pen and paper. A very tedious and daunting task for

Behind every great business is an impeccable bookkeeping system. In order to ensure the growth and prosperity of your business, it is crucial to maintain an accurate account of your businesses financial records. Ensuring you have up-to-date and accurate financial

Rent a Room Relief is an optional way for renters to receive up to £ 7,500 a year tax-free by renting out a spare furnished accommodation in their main residence. This tax relief option was put into effect in 1992

Start-up businesses are always on the rise in the UK. There are a lot of new start-ups coming to the market everyday. Some start-ups could be from the very experts of the industry or from fresh graduates to visualise their

Cloud Accounting Software is an accounting software that is hosted on a remote server. It is neither based on your computer hard drive nor on your local server. Cloud accounting uses the internet to access the accounting data, records and

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

An accountant plays a very crucial role in every organization. He/she is the one who does not only takes care of your accounts only but also serves as a trusted business advisor for you. He is the one who can

In a dazzling ceremony held at the Millennium Gloucester Hotel in Kensington, TAJ ACCOUNTANTS were accorded the coveted title of Small Business of the Year at the third London Asian Business Awards of 2019. The event, held last Friday, was

East London-based firm, Taj Accountants, has made significant strides in its field and is now reaping the rewards of its dedication. The accounting firm, renowned for its specialized services to small businesses, has been proudly named a finalist in the

Here, ‘reducing’ does not indicate that you will be paying less than the actual tax payment, rather it refers to how to eliminate the extra numbers that may get included during your tax calculation.  To know how to reduce your Corporation

December 6 2018, for the second time Taj Accountants has been recognised as a top accountant in Tower Hamlets by ThreeBestRated.co.ok for its contribution and excellency.    Melinda Crawford of ThreeBestRated.co.uk, in her confirmation letter said, “We have listed you as one

Millions of taxpayers are rather more upset by the ban going to be imposed on plastic than their annual tax bill itself.  The pain is real as HM Revenue & Customs announces a ban on personal credit card payments implementable