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Sep
24
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
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Sep
21
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.
Sep
14
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
Sep
10
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
Aug
31
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
Aug
25
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
Aug
20
payroll
6 Reasons to Outsource Payroll Services to India
Having a hard time managing your payroll procedures while growing your business? It is widely agreed that payroll is a complex aspect of managing an accounting firm. With ever-changing rules and regulations, updates from HMRC it becomes a challenging affair to efficiently manage payroll in-house in an orderly fashion. The answer to this? Outsourced payroll
Aug
18
Latest Blogs
UK Government launches the sequel of the SEISS Grant Scheme
There are enough highlights about the mayhem caused due to the COVID-19 pandemic. It is now the ideal time for focusing on implementing the recovery measures to overcome this mayhem. With the bid to further fuel the recovery efforts against the adversities of COVID-19, the UK Government has introduced the second SEISS Grant. The UK
Aug
13
outsourced accounting
In-house vs Outsourced Accounting Which is better?
Today, accounting as a profession has become more diverse than ever. The accounting services domain as a whole has experienced immense developments in the recent past. This has given rise to a constant flow of new business ideas and growth strategies. In a time like this, practitioners are faced with the challenge of creating a