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7 Common VAT Mistakes You Should Avoid

by admin | Aug 9, 2018 | Accountants for Contractors, Accounting Issues, Tax Issues, Tax Saving Tips

Many businesses make mistakes when filing VAT returns. This is understandable since the UK VAT system is complicated. However, mistakes in entering the wrong amount can be costly as it can not only result in paying a fine but also trigger a VAT investigation.  ...

Residence Nil Rate Band (RNRB) — What is It?

by admin | Aug 8, 2018 | Accountants for Contractors, Accounting Issues, Business Growth Ideas

A new nil rate band was introduced in April 2017 for inheritance tax purposes in the UK. Known as the Residence Nil Rate Band (RNRB), it could save direct descendants of married couples thousands of dollars in inheritance tax. In this post, you will know what is RNRB...

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