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Tips to choose the Right Accountant

7 Effective Tips to Choose the Right Accountant for Your Business Choosing an accountant for your business can be challenging. After all, you need someone whom you can trust your finances with, who provides the right advice and guides you as your business grows. What are the top things that you should consider in choosing[...]
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MTD for VAT

MTD for VAT: Kick-Off Date and Getting Prepared With the objective to make it easier for VAT-registered “businesses to get their tax right and keep on top of their affairs,” the HM Revenue & Customs department has made a special initiative – Making Tax Digital for VAT – to make the tax system more effective,[...]
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Auto-Enrolment Minimum Pension Contribution Rates Increase

Auto-Enrolment Minimum Pension Contribution Rates Increase: What Changes to Expect The minimum contribution rates for ‘automatic enrolment’ or Defined Contribution pension schemes in the United Kingdom will increase with effect from 6 April 2019. Learn what changes will this bring and the key points for workers and employers to consider. Overview All employers and workers[...]
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Auto Enrolment Pensions for Employers

Auto Enrolment Pensions for Employers: What You Need to Know Do you know what pension auto-enrolment is? If you are an employer in the UK, chances are you know. Being a business employer, here’s what you should know about your options and challenges to offer an auto-enrolment pension scheme to your workers. What is Auto-Enrolment?[...]
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Cloud Accounting – Simple way to stay MTD compliant

Cloud Accounting is a Way for Modern Businesses to Stay MTD Compliant The fast-paced transition towards a digitalised future and the upcoming ‘Making Tax Digital’ (MTD) initiative is changing the way we do business. To embrace the change and upkeep with HM Revenues & Customs (HMRC)’’s guidelines regarding MTD, modern businesses are rapidly adopting the[...]
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Making Tax Digital for Small Business

Making Tax Digital for Small Business – Everything You Need to Know The HM Revenue & Customs (HMRC) department is making it compulsory for small businesses to file their tax returns online. Learn why it is mandatory to embrace digital tax management and what small businesses need to do before the deadline. What is Making[...]
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Self-Assessment For Cab Drivers

Self-Assessment For Cab Drivers – A Complete Guide If you are a self-employed cab driver and have a steady income flow, it is important to complete the self-assessment tax return process to declare earnings to the HM Revenues & Customs (HMRC) department. Even if you have rented the taxi from a fleet using a dispatcher,[...]
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Accounting in Construction Industry

Understanding the Basics of Accounting in Construction Industry Accounting is an important aspect of running a company, ensuring profitability and transparency. However, for the construction industry, the concept of accounting is little different and complex. In this blog, we will understand how accounting in construction industry is different from the regular practices, what the challenges[...]
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Rental Property Tax Return

A Complete Guide to Self-Assessment Rental Property Tax Return The HM Revenue & Customs (HMRC) department determines your tax payable on rental income based on what your employment status is and how much profit you make. As per HMRC guidelines, if you are earning a steady income from renting out your property, you will need[...]
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Self Assessment 2015/16

File your self assessment in time to avoid penalties The deadline for filing the self assessment tax return for last tax year 2014/15 is coming nearer and it’s is always better to act in time than to panic at the last moment. With GNS we assure you will never miss deadlines and incur penalties. All[...]
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