Category: Tax Accounting

Tax accounting focuses on tax returns and payments rather than the preparation of public financial statements.

It is the taxpayer’s responsibility to ensure correct and complete returns to the tax authorities.

But this requires a proper understanding of the intricacies of tax law and the knowledge and experience to communicate with the tax authority to get the best financial outcome at the end.

ZATRS ACCOUNTING can help you to calculate how much tax you should be paying? How to finance your future tax payments, and which tax accounting methods work best for your business.

Could a limited company be the right choice for locum doctors?

Lots of my clients ask, which option is better for locum work. This article is aim to answer this question for locum doctors. Many locum doctors in the UK work via NHS and locum agencies which handle their pay, much like a direct employer would. However, there are other ways that locums or freelance GPs […]

Choosing your business Entity: Limited, Sole Trader or Partnership?

One of the hardest decisions most business start-ups agonies over is: How should I trade- what type of business is best for me? Should I be a Sole Trader, a Partnership, or a Limited company? Even if you have been trading for a while as a Sole Trader or Partnership and have decided it may […]

VAT Returns

ZATRS ACCOUNTING provide every service including registrations, monthly and quarterly filling of VAT returns, compliance checks and investigations. In UK, the VAT (value-added tax) was introduced in 1973, replacing Purchase Tax. It is the third-largest source of government revenue, after Income Tax and National Insurance and is administered and collected by HM Revenue and Customs, […]

Tax On Employment Incentive And Award Schemes

Sometimes employers will award incentives or give out benefits of monetary value to their employees, in recognition of their services or achievements. it is important to know about incentives and how they affect the employee’s tax affairs. HMRC have given detailed definitions of awards schemes and how rewards are taxed in employment income manual EIM11202. Incentives […]