Typically, employers are responsible for the bulk of the expenses incurred by their employees. Typical costs include the allocation of office space and the provision of stationery and other office supplies, work phone, and a computer. However, there exist some costs where employees bear their expenses, such as lunch, commuting, and business attire expenses. Except […]
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Two things in life that are inevitable are death and taxes. These are two realities of life that we cannot escape no matter how hard we try. When we talk about taxes, the tax that most people in the UK resent more than the others is inheritance tax or IHT. A major reason for people’s […]
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Although the United Kingdom’s vote to leave the EU is already sending shockwaves across the globe, the long-term repercussions are yet to be seen. How is Brexit going to impact the markets and your business? For companies conducting business in or with the United Kingdom, how will the legal and risk environment change? These and […]
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Extension of Coronavirus Job Retention Scheme (CRJS) As England enters into another national lockdown, the Chancellor has extended the Coronavirus Job Retention Scheme (CJRS) until the end of March. The government will pay 80% of wages up to a cap of £2,500 and employers will pay employer National Insurance Contributions (NICs) and pension contributions and […]
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The Job Support Scheme has been postponed as the Coronavirus Job Retention Scheme is being extended until the end of March 2021. Overview: The Job Support Scheme will commence when the CRJS draws to a close, which is currently expected to be December. The latest position from HMRC is as follows: The scheme is […]
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Q Accountants are delighted to announce the achievement of ACCA practitioner status. As an ACCA accountancy firm, we can assure our clients that: We are regulated by a professional accounting body and bound by a Code of Ethics. This means that we comply by the highest ethical-, conduct- and competence-related standards for our profession. Each […]
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For many people, VAT (value-added tax) is a logistical nightmare. It is levied at the point of sale by companies on products or services, and since it is a consumption tax, it is paid by the end-user instead of the entity selling the items. It can be complicated, tedious, and time-intensive, and if you don’t […]
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Chancellor Rishi Sunak has unveiled new financial support measures under “The Winter Economy Plan” in an endeavour to minimise further unemployment and to help businesses through the potentially uncertain winter ahead. We have outlined just some of these support measures below: The Job Support Scheme The new “Job Support Scheme” introduced by the Chancellor will […]
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