by T | Oct 28, 2024 | Blog, News, Uncategorized
UK Non-Resident Landlord Scheme The UK Non-Resident Landlord (NRL) Scheme requires landlords residing outside the UK but earning rental income from UK properties to follow specific tax procedures. Under this scheme, letting agents or tenants who pay rent directly to a...
by T | Sep 18, 2024 | Blog, News
AI and Accounting Generative AI technologies have created quite a buzz, but they often don’t live up to the hype. Accountants and bookkeepers are starting to share how they’re using AI in their day-to-day work – including us at GnC accounting. For ages, tech has...
by T | Aug 18, 2024 | Blog, News
Gift Aid is a UK government scheme that allows charities to claim back tax on donations made by individuals who are taxpayers. When you donate to a charity, if you are a UK taxpayer, the charity can increase your donation by 25 percent at no extra cost to you. This...
by T | Jul 26, 2024 | Blog, News, Uncategorized
VAT Registration Estimator HM Revenue and Customs (HMRC) has rolled out a new digital tool to help businesses figure out what registering for VAT might mean for them. The VAT Registration Estimator was created after small businesses said they’d find an online tool...
by T | Jun 29, 2024 | Blog, News, Uncategorized
Second Payment Deadline HMRC deadlines can be quite confusing sometimes, and we would like to remind everywhere that if you’re making advance payments towards your tax you owe. Advance payments are called payments on account. You have to make 2 payments on...
by T | May 25, 2024 | Blog, News, Uncategorized
Online Voluntary National Insurance Payments Service The government has made it easier for people to check and fix gaps in their National Insurance (NI) record to increase their State Pension and launched a new online service in April. The new service, called...
