You must first understand what constitutes an allowed cost, and hence a tax-deductible item, for company tax purposes to effectively prepare your tax return. Even while it may appear simple, HMRC’s requirement for all expenditures to be used “wholly and exclusively” for business purposes may be difficult to meet due to various factors for self-employed […]
Taxation
EVERYTHING YOU NEED TO KNOW FOR A SUCCESSFUL TAX DAY
As you already know, the tax day is the final stage for self-employed and small business owners. Tax day usually falls on April 15th but is sometimes changed due to various circumstances, and they experience Tax day every year. That’s why it has become vital to consider all the points to make a successful tax […]
GST Advantages and Disadvantages
GST has been demonstrated to be one of the most recorded upheavals in the aberrant tax collection construction of India. It has subsumed numerous Indirect duties like Value Added Tax(VAT), Service Tax, Entry Tax, Luxury Tax, and the Central Sales Tax (CST), and so on, demanded by the Central and the State legislatures. In today’s […]