What is Creditor

What is a Creditor and What is a Debtor?

27/08/2021Business , Finance , Limited Company

The terms creditor and debtor seem straightforward and are commonly used in the business lexicon. However, the practicalities of these terms can be tricky for one who is new to the business world. If you’re a business owner, investor, or even a learner, you need to have a comprehensive understanding of what is a creditor …

Read more
How Much is VAT in the UK

How Much is VAT in the UK?

26/08/2021Tax Issues , VAT

After 31st December 2020 – the end of the British transition period – there have been few changes in the VAT system of the UK. In this blog, we’ll have a look at how much is VAT in the UK 2021-22, what are VAT changes, and how to calculate what you need to pay. Let’s …

Read more
Is Client Entertainment Tax Deductible

Is Client Entertainment Tax Deductible?

24/08/2021Personal Tax , Tax Issues , VAT

One of the most important marketing tactics that many businesses use is business entertainment, especially for retaining new clients and customers. Spending cost on business entertainment matters a lot when you want to build a network and attract new clients. So, if you’ve decided to allocate a marketing budget for entertaining clients and customers, you …

Read more
Auto Enrolment Pension

What is Auto Enrolment Pension? A Basic Guide


Wondering what is auto-enrolment pension? It is the government initiative aimed to boost your retirement savings where the employer and government also put money into your pension pot. All employers in the UK need to offer this workplace pension by automatically enrolling their eligible employees. It is meant to encourage people to save money for …

Read more
Reclaiming VAT on Property Development

Reclaiming VAT on Property Development

12/08/2021Property , Tax Issues , VAT

If you’re a property developer, you can cut down the cost of VAT by reclaiming VAT on property development. But to do it, you need to be well aware of the applicable VAT rules for your development project. With the different VAT rules for new builds, commercial properties, sale, and lease of the property, it …

Read more