More Group Accountants - International Accountant based in London UK

VAT implemented on most goods and services in the UAE from 01 January 2018. VAT (Value Added Tax) is an indirect tax imposed on a product at each stage of production, before the final sale. The VAT is not usually an additional or add-on to the sale price. The tax is calculated as a percentage of the retail sale price of a product. Go down into the below small business VAT impact blog of best VAT consultants in Dubai UAE . Why has the UAE Government decided to introduce VAT? The UAE Federal Government looks after the provision of many public facilities such as hospitals, roads, public schools, and police services, which will benefit from the additional income VAT will generate. The contributions from collecting VAT will provide resources to fund quality public services in the future. It will also help the government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue. In October 2016, the IMF announced that the Gulf States woul

Self-assessment tax returns come around once a year and can cause quite an aggravation amongst business owners, entrepreneurs and the self-employed. Go down into More Group's blog and get a guide to what are self-assessment tax returns, and do you need to file one? What are self-assessment tax returns? Self-assessment tax returns exist to ensure individuals report their annual earnings and the sources of these earnings to HMRC. It then allows HMRC to calculate how much tax you as an individual are liable to pay in the relevant tax year. As suggested by the name, self-assessment tax returns are the individual’s responsibility, so it is essential you understand if, how, and when to file the paperwork. Who must complete a tax return? In the UK, if you are an employee of a company, your tax will be deducted via the PAYE system. This is a system by which your employer deducts a percentage of your wage in tax as per the relevant tax code. If your employer uses this meth

"Looking for Scottish Limited Partnership or Formations? Is it Risky? The article of More Group Accountants is about the Risk associated with Scottish LP and for the alternative entity if already has a Scottish LP. Go down to read more;" Scottish Limited Partnerships (SLP) | Overview In recent times Scottish Limited Partnerships (SLP) have attracted much attention in light of their involvement in fraudulent activities. Scottish LPs were established in 1907 as part of the ‘Limited Partnership Act 1907’ to help farmers with their farm holdings. Since then it has evolved and taken its form in the modern world as a popular option amongst private equity firms and investors. Although there are a few Scottish LPs that are owned by legitimate businesses, there have been several money laundering schemes that have been discovered that exploit a century-old loophole to launder money through the UK. One such laundering scheme used 100 SLPs to shift around $80 billion in Russ

Looking at starting a small business? Setting up a new business is a challenge for anyone. Whether you are a first-time business owner, a sole trader looking to expand or an established business branching out into new areas you are bound to feel overwhelmed by all the formalities. If you are starting a business with own risk then you should use this accounting tips on your startup to rock from a beginner!  Small companies frequently arise as the result of a hobby or side project. Commonly entrepreneurs who start these are new to business themselves and must embark on steep learning curves to establish their firm. As well as aiding new businesses, small business accountants can offer training and advice to educate new entrepreneurs on how to become more independent. There are some important steps in before a setting up a business and steps to know after the business incorporation . Accounting is the backbone to all businesses, allowing them to determine productivity and prof