self assessment tax returns
tax Declaration of a rise in the Self-Assessment “Time to Pay” Threshold for UK Taxpayers

Time and time again, the UK government is trying to reduce its citizens’ burden and induce better economic growth. Combatting the atrocities of the COVID-19 pandemic has been immensely arduous. Since the month of March 2020, numerous schemes have come our way as a relief measure. There were a series of significant announcements from Chancellor

planning-accounting-workload
accounting Effective Planning to Manage Workload during Peak Time!

There is an adage, which many business management personnel uphold throughout “Failing to Plan is equivalent to Planning to Fail.” Despite its scale of operations, nature of the business, or location, every successful business entity knows the worth of proper planning. In nearly every part of the business functioning, certain planning element is required. The

UK Pay as You Grow Scheme
government announcement Extended Time for Repayment of Bounce Back Loans under UK’s Pay as You Grow Scheme

The UK government has made another stride to strengthen the British economy’s footing after the COVID-19 crisis. In the address to the House of Commons on September 24, 2020, the Chancellor of the Exchequer made some important announcements. Mr. Rishi Sunak announced some additional relief moves to further help struggling business entities and avoid job

outsourced bookkeeping services
outsourced accounting Why is Outsourced Bookkeeping better than hiring full-time in-house bookkeepers?

There persists a long debate between which service option a firm should choose. Should you select Hiring Outsourced bookkeeping services or using in-house Bookkeeping? The question can put many accountants in a perplexing state. There were barely any hi-tech technological innovations such as the Internet and cloud computing in the bygone times. Business firms made

UK VAT Cuts Hospitality
tax UK introduces Temporary VAT Cuts for the Tourism and Hospitality Industry

The Tourism and Hospitality sectors stand as the worst affected business segments on a global scale due to the COVID-19 Pandemic. As a measure to contain the infection, Governments in most countries closed their borders, and even domestic travel came to a halt due to lockdowns. Also, restaurants and hotels were bound to stay closed.

self assessment tax return
tax Things to know before Filing your Self Assessment Tax Return in the UK

One of the most important aspects of tax compliance in any country is the preparation and filing of income tax returns each year and the payment of applicable taxes. An income tax return, as we know, is a form or a legal document which states out the information about a taxpayer’s taxable income and the

Event Digital Accountancy Forum And Awards – Initor Global Proudly Backs The Virtual Event As A Platinum Sponsor

One of the eminent events for the global accounting industry, the Digital Accountancy Forum and Awards, is being organized once again in 2020. For the last nine years, every year, this esteemed event is held in the presence of who’s who of the accounting domain. This time, however, there is a change in the way

tax What are the implications of the Digital Service Tax introduced by HMRC?

The UK Government introduced a Digital Service Tax in an endeavour to bring Internet Giants such as Amazon, Facebook, and Google under the tax purview. The Digital Service Tax or the DST shall apply on specific digital activities the value of which exceeds specified threshold limits. A draft for the proposed digital service tax came

outsourced accounting services
accounting Enabling Service Improvisation through Value Addition in your Business Enterprise

A business cannot survive long if it does not continue to improvise. Business enterprises can see service improvisation as part and parcel of operating in an aggressive market. The diverse service industry finds its base on the universal principles of service improvisation and value addition. Outsourcing is one such super competitive sphere where every company

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