Hello, For most people this is a strange question – we rarely spend time thinking about our own beliefs. A quick answer to this is- many people think that the accounting profession is a well-paid profession, especially, when you are a qualified Accountant. The collection of beliefs you hold about your career – is reflective … Read More

Income tax is tax charged on income earned by individuals and it’s used by the government to run and maintain the state. The government tax year starts on 6th April to 5th April the following year. Tax year Tax period 2016/17 6 April 2016 to 5 April 2017 From the total income earned by an … Read More

Basic Rate bracket will now be extended to: £31,785 + (£960/ 0.8) = £32,985 Interest from ISA’s are not taxed Interest and dividends received will need to be grossed up Thomas will be entitled to the full personal allowance of £10,600, since his taxable income is less than £100,000 Totals Non-Investment Savings Dividends Capital Gains … Read More

Income tax is tax charged on income earned by individuals and it’s used by the government to run and maintain the state. The government tax year starts on 6th April to 5th April the following year, so we have just come to the end of 2015/16 tax year and started 2016/17 tax year. Tax year … Read More

IAS 12 Income Taxes defines deferred tax liabilities as the amounts of income taxes payable in future periods in respect of taxable temporary differences. Temporary differences are differences between the carrying amount of an asset or liability in the statement of financial position (balance sheet) and its valuation for tax purposes. These temporary differences arise … Read More

Which aspects of your current job may relate with any of these? Are you involved with receiving money, reconciling or setting up any form of reports or money collecting or money holding system, banking, etc? For example, if you are a cash till operator in Tesco, you will find that some part of the job … Read More

WHAT DOES YOUR CV SAY ABOUT YOU? It is always important to sell yourself right through your CV. I always say, “your CV has to speak well about you before you are called to speak for yourself”. That is, the CV must be able to attract the correct attention before you are given the opportunity … Read More

It has always been an issue in many economies and the UK is not exempt from the fact that many individuals struggle with managing their finances and ensuring that their cash flows are managed adequately. One of the first issues to address will be the simple principle of self discipline. Self-discipline in being able to … Read More

Yes – you’ve set a plan in motion, and you are taking steps towards its achievement. But what roadblocks may rise up to stop you? What things could get in your way – foreseen and unforeseen? (I know, if it’s unforeseen how are you going to see it. Use your imagination, that’s the point of … Read More

When looking for a job in the accounting field the first question that most prospective employers will ask you ‘What previous experience do you have?’ Work experience is key, when trying to secure a job. It informs employers of what you have done in the past and how much knowledge you have in your field. … Read More