When looking for highly specialized and experienced tax reduction specialists, it is important to see if the specialist has a certain blend of special qualities that makes them an excellent person for the job. Here are some of the qualities…

A chartered certified accountant is a person who is well qualified and certified by the Association of Chartered Certified Accountants (ACCA). The chartered certified accountant is of higher quality and can serve in different areas and deeply. To maintain and…

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…