Tax basics for self employed: What You Need to Know

Tax basics for self employed: What You Need to Know

      Tax basics for self employed individuals are crucial for managing finances effectively. Unlike employees, we handle our own tax affairs, meaning we must register with the tax authorities, keep accurate records, and file tax returns on time....
VAT Reverse Charging in the UK

VAT Reverse Charging in the UK

VAT reverse charging fundamentally shifts the responsibility of VAT accounting from the seller to the buyer. Unlike traditional VAT transactions where sellers collect and pay VAT to HMRC, the buyer handles the VAT declaration instead. Consequently, this mechanism...