The role of a corporation tax advisor is to render advice, which can help individuals and corporations to prepare their tax filings and returns. They’re commonly known as tax preparers. They must come up with steps that can assist corporations…

Whether it is a small or a large business, taxes need to be paid on time to avoid federal charges. Apart from paying it on time, it is also necessary to keep a tab on why and how you are…

HMRC investigates the tax affairs of an increasing number of individuals and businesses in the UK each year. HMRC can initiate a tax investigation services at any time, regardless of how big or little your business is. HMRC does not…

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…

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 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…