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Lessons Learned from an AML Inspection Journey
The original article can be found at the following link: Lessons Learned from an AML Inspection Journey When I had my first Anti-Money Laundering (AML) inspection over three years ago, it was an eye-opening experience. Having run my practice for over a decade, with...
How to effectively plan a business in the UK?
Business plan is important but not less important is the ability to realistically correct it. Company in the UK can succeed but it is necessary to keep in mind the ongoing analysis of financial flows and the effectiveness of the actions taken....
Difference between a director and a shareholder in limited company (Ltd)
Incorporating a limited company in the UK requires knowledge of the law, duties and responsibilities of the directors and those of the shareholders. The difference between those roles is significant even if both posts are carried by the same person....
New tax law for landlords
New tax law for landlords In April 2017, new tax law was introduced, unfavourable not only to the buy-to-let industry but also to others e.g. tenants. The government decided that it will no longer be possible to deduct interests on the mortgage of rented properties...
Accountants are having hard time contacting HMRC
Accountants are having hard time contacting HMRC Not all changes introduced by the British administration are changes for the better. From 1st of May 2017 accountancy companies representing businesses will face new difficulties when contacting HMRC, they will no...
From April new VAT rate is introduced for all on Flat Rate Scheme!
Do you run a business in the UK? From April new VAT rate is introduced for all on Flat Rate Scheme! On 1st April rules around the VAT calculations in the UK has changed, the new law will have particularly negative impact on microbusiness. All those companies that...
Making Tax Digital
Making Tax Digital – quicker, easier and more convenient… sure about that? The UK government is trying to convince the business that introducing new way of submitting tax returns, electronically and quarterly will make the system easier, quicker and will reduce...