IBISS & CO Limited

    business-meeting Perhaps the most tempting notion about becoming a sole trader is to avoid hefty paperwork, which is dreadful, complicated, and complex to manage. Sole tradership  is a simple business model via which a single party runs and owns the business. No hassle of partners, shareholders, or third-party stakes. Like sole tradership, there are different business structures in the UK. Each has its advantages and disadvantages. In 2021, the UK had around 5.5 million businesses . 56% of the total businesses were sole proprietorship business structures. As a new business owner, you should know that the business model offers clear information about your services and products' role in the target market. A business model is not a hardwired concept. You can always experiment with the best one for your company. Make sure the model you choose helps you gain more profit and is feasible for business innovation. Here's how you can choose the perfect business model for your b...

£ 5-note   Her Majesty’s Revenue and Customs , better known as HMRC,  is the governing body in the UK responsible for all matters related to tax, payments, and customs. It’s an impartial body that plays a vital role in the UK’s economy. The body's primary purpose is to collect money from taxes that pay for the public services provided to residents of the UK. Businesses across the country must comply with various rules and regulations regarding tax filings and payments. Many organisations look to hire qualified chartered accountants and business advisors in the UK  to help them deal with HMRC. Even though HMRC provides comprehensive information on processes and other aspects, it is advised to hire a chartered accountant firm to help you deal with the testing waters of the HMRC. Let’s look at how HMRC plays an important role in the UK. Responsibilities of HMRC One of the most significant responsibilities of HMRC is to ensure that money from taxes flows through the Excheque...

outdoor-house   The real estate industry is full of complex legal and financial hurdles that are difficult to understand for someone with limited knowledge of taxes, law, and finance. Busines ses and individuals involved in the real estate industry often hire the services of a property tax specialist  to help them navigate the various complexities involving property  and capital gain taxes.   The real estate industry is a bit different from the rest. Therefore, many organisations and individuals  seek the help of specialist property advisers, accountants, and tax specialists to help them manage the various financial aspects of their business and transactions. There are numerous benefits of working with such a specialist. Let’s look at the importance of hiring a specialist property tax accountant . Keeps Your Finances in Order As a property owner or having a business in the real estate industry, you’d know that the industry is heavily regulated. You need to ensur...

professional-accountant   It’s safe to say that doing taxes isn’t everyone’s strong suit . If you own a small business or have a complicated tax structure as an individual, it is better to hire a chartered tax adviser  or an accountant to help you with your self-assessment tax returns. Self-assessment tax returns  must be completed once a year, and it indicates how much taxable income you’ve earned during the year and lists any deductibles or expenses that you may be able to claim. A chartered tax accountant can help you navigate the complexities of these tax returns, helps you legally maximise the relief you’re eligible to claim, and ensures that the whole process is efficient and smooth. Here are some reasons why an accountant should handle self-assessment tax returns. Minimise The Chances of Errors Getting the help of professional chartered accountants & business advisers  in Walsall, the UK,   for your self-assessment tax returns will minimise the error...