While tax law may not be directly relevant to your day-to-day business, it forms an integral part of the operation of any business. In the UK, compliance with HMRC rules requires knowledge of both current legislation and accounting. Good bookkeeping not only guarantees the legitimate operation of a company but also optimises costs and better…
Every entrepreneur must expect routine actions from institutions such as the tax office, with tax audits being a standard procedure that verifies the accuracy of a company’s financial accounts. Contrary to popular opinion, legal actions carried out by the office should not cause concern at all – provided that you keep your tax records in…
Running a business requires the right preparation in terms of both know-how and the tools and technology that support day-to-day operations. Are you wondering how the best office devices can help you succeed? Take a look at our latest article where we discuss devices that support business, management, and corporate workflows. 1. The entrepreneur’s laptop…
HMRC, or His Majesty’s Revenue and Customs, is the UK tax authority that plays a key role in the operation of the UK tax system. Individuals and companies alike are in contact with this office and must comply with the applicable tax rules. Remember, knowledge of your UK tax obligations is essential to avoid problems…
The beauty industry combines many market segments – these include hairdressing, cosmetology and aesthetic medicine. As the beauty sector grows stronger every year, more and more people choose to leave their full-time jobs to set up their own business. What entrepreneurs need to know if they decide to take this career path In this article…
Although running a business in an international environment can be challenging, this decision is also our chance to succeed. Many people choose to start a business, hoping to be financially independent and to pursue their own ideas. However, for many newly established entrepreneurs, running a business raises many questions and difficulties, especially regarding the law,…
From 2 April 2025, citizens of the European Union planning to travel to the UK will be required to obtain an Electronic Travel Authorisation (ETA). Applications for an ETA can be submitted from 5 March 2025. An ETA will be required for people who are exempt from the visa requirement or do not have a…
Gaps in social security contributions can have serious consequences for the amount of the future state pension in the UK. People who have not paid National Insurance Contributions (NIC) in the past can pay them voluntarily to increase their future pension. However, it is worth remembering that there are specific deadlines for making such payments….
2024 has brought changes to minimum wage rates in the UK, directly affecting the incomes of millions of workers and businesses operating in the UK. Knowledge of the current minimum wage legislation is a key issue for both full-time workers and businesses employing staff – this knowledge should also be possessed by Poles living and…
VAT (Value Added Tax) receipts in the UK in the 2023/2024 tax year totalled £159.75 billion, which – just after income tax and national insurance contributions – is the largest source of taxation for the government. It is no surprise, then, that the VAT invoice is one of the most popular documents in accounting, the…
Starting your own business is the dream of many experienced workers as well as those at the start of their careers who want independence and more control over their development. However, this decision involves many challenges and choosing the right moment is one of the most important factors leading to success. We invite you to…
Bookkeeping is a challenge that every business owner has to face. Good financial management leads to many benefits for your business, such as lower tax bills or easier strategic business decisions. Therefore, good accounting software is the key to running a smoothly functioning business. Whether you run an accountancy practice, launch your own start-up or…