- 344
- 159 831
ACUMEN ACCOUNTING
United Kingdom
Приєднався 19 вер 2016
Accountants and Business Consultants
Acumen Accounting provides knowledge about accountancy and business advisor, tax and consultancy.
Smaller businesses have access to a team of dedicated and skilled specialists of accountants and business consultants that would be otherwise unaffordable, while larger organization's can make savings by allowing us to act as their back office.
Our goal is to make everyone to be financial fit, for that purpose we are here to help!
Book your FREE 60 minutes call now: acumenaccounting.co.uk/appointment.php
Book your Tax and Business Consultation with Wajid Ayaz. Wajid will answer your questions over the phone or by office appointment for 60 minutes and all this is without any cost to you.
Acumen Accounting provides knowledge about accountancy and business advisor, tax and consultancy.
Smaller businesses have access to a team of dedicated and skilled specialists of accountants and business consultants that would be otherwise unaffordable, while larger organization's can make savings by allowing us to act as their back office.
Our goal is to make everyone to be financial fit, for that purpose we are here to help!
Book your FREE 60 minutes call now: acumenaccounting.co.uk/appointment.php
Book your Tax and Business Consultation with Wajid Ayaz. Wajid will answer your questions over the phone or by office appointment for 60 minutes and all this is without any cost to you.
How to tell if investment is a scam?
Don't fall victim to investment scams! In this video, we'll share 4 crucial hints to help you identify and avoid potential investment scams. Learn how to protect your money and make informed decisions. Watch now and stay safe!"
Book your FREE 60-minute call now: acumenaccounting.co.uk/appoin...
Book your Tax and Business Consultation with Wajid Ayaz. Wajid will answer your questions over the phone or by office appointment for 60 minutes; all this is free to you.
PLEASE SUBSCRIBE TO OUR CHANNEL SO WE CAN REACH OUT TO MORE PEOPLE TO HELP AND PROVIDE MORE TIPS.
======
For more information please subscribe to our channel and press the bell icon so you never miss any updates and follow us on Facebook at Acumen Accounting or Twitter at @acumenaccting or visit our website at www.acumenaccounting.co.uk.
===============================================
#InvestmentGoals #FinancialPlanning #WealthManagement #InvestmentAdvice
Book your FREE 60-minute call now: acumenaccounting.co.uk/appoin...
Book your Tax and Business Consultation with Wajid Ayaz. Wajid will answer your questions over the phone or by office appointment for 60 minutes; all this is free to you.
PLEASE SUBSCRIBE TO OUR CHANNEL SO WE CAN REACH OUT TO MORE PEOPLE TO HELP AND PROVIDE MORE TIPS.
======
For more information please subscribe to our channel and press the bell icon so you never miss any updates and follow us on Facebook at Acumen Accounting or Twitter at @acumenaccting or visit our website at www.acumenaccounting.co.uk.
===============================================
#InvestmentGoals #FinancialPlanning #WealthManagement #InvestmentAdvice
Переглядів: 63
Відео
How E-commerce Companies make money?
Переглядів 1048 місяців тому
How E-commerce Companies make money?
All skills at one place is the key to success.
Переглядів 32Рік тому
All skills at one place is the key to success.
Digital Scams: How to protect yourself ?
Переглядів 53Рік тому
Digital Scams: How to protect yourself ?
TAX FACTS: Starting your first business.
Переглядів 46Рік тому
TAX FACTS: Starting your first business.
What to do if HMRC send you a Tax return to file?
Переглядів 72Рік тому
What to do if HMRC send you a Tax return to file?
Why being the First to the market is not important?
Переглядів 54Рік тому
Why being the First to the market is not important?
How to shift customer’s mind to a new product.
Переглядів 99Рік тому
How to shift customer’s mind to a new product.
Is it good idea to pay the Mortgage in Full?
Переглядів 146Рік тому
Is it good idea to pay the Mortgage in Full?
Small Business going Burst What’s the solution?
Переглядів 67Рік тому
Small Business going Burst What’s the solution?
Common Errors in Submitting Self Assessment Tax Return to HMRC
Переглядів 298Рік тому
Common Errors in Submitting Self Assessment Tax Return to HMRC
How will the UK interest rate hike affect you?
Переглядів 1072 роки тому
How will the UK interest rate hike affect you?
Foreign income -- Answering all your questions
Переглядів 1902 роки тому
Foreign income Answering all your questions
Please contact
Beautifully done. I ask Allah to give u success upon success. Ameen.
I have a 20 year LIC jeevan anand policy in india which is maturing this year and I will get 25 laks. Can i transer it to UK , and Will it be taxed in UK ?
Thank you for the information. Blessings.
I got dividend income from US company . The full amount is in the second tax band . For the first tax band I paid 15% to US Authorities so I do not have to pay extra tax in UK .For the second tax band I also paid 15% withholding tax in US but in UK we have 33.75% , so do I have to pay the difference to HMRC. Or can I use full amount of withholding tax in US to see if I own some tax to HMRC.
In the UK, you may use the foreign tax credit relief for any withholding tax paid on foreign income, but it typically applies only to offset tax due on that same portion of income, not across bands. Since you received US dividend income that is taxed at different UK rates, here’s how it works: 1. For the first tax band: As you noted, the 15% withholding tax you paid to the US meets the UK requirement, so no additional UK tax is due on that portion. 2. For the second tax band: In the UK, dividend income in this band is taxed at 33.75%. Since you've already paid 15% to the US, you’ll generally need to pay the difference (33.75% - 15% = 18.75%) to HMRC for that portion of income. In other words, the foreign tax credit relief allows you to claim credit for US tax paid, but only up to the UK tax due on each portion of income. You would therefore need to pay the additional 18.75% to cover the UK’s higher tax rate on the income in the second band. Hope this answers your question.
Shitty advice, keep that to yourself don't upload it to UA-cam
Hallo❤
True
V good job
When we have to submit VAT after Threshold or before Threshold. As a resaler on Amazon. If we have not registeret yet.
Once you cross the threshold of VAT registration you need to register the business with HMRC for VAT. Once registered you can submit quarterly VAT returns.
Hi I received £100 penalties from HMRC I paid my penalty but now they sent me again penalty £900 what I need to do , appeal for this or I have to pay
First make sure you submitted all outstanding tax returns and send appeal letter in the post you HMRC
Hi I received £100 penalties from HMRC I paid my penalty but now they sent me again penalty £900 what I need to do , appeal for this or I have to pay
Hi I received £100 penalties from HMRC I paid my penalty but now they sent me again penalty £900 what I need to do , appeal for this or I have to pay
We strongly recommend to send the appeal with reasonable excuse. Please make sure all your outstanding tax returns are submitted before you send the appeal letter.
Thank you for this useful video and helpful follow up advice on the phone. Simple,clear and authoritative thank you! If you have questions around this area don’t try to guess or get second hand info just call these guys.
Thank you for the nice comments. It was nice talking to you over the phone. All the very best with your future plans.
I have sent them a letter and they’ve removed the taxes I owed but it seems I filed the form late for two years in a row. Can I send another letter to appeal ? Is it possible they will forgive me a second time ? Thank you.
You can send them a letter as far as there is reasonable excuse for the late filling. In some cases they accepted the appeal even its second time.
👍
Beautiful view
😊
234 / 5,000 Hello. I am Spanish and I have lived and worked in the UK for 8 years. I have a house in Spain and with the rent I receive from it, I pay the mortgage on this house. I receive around 600 pounds monthly. Do I need to do the self assessment?
Hello, yes you need to do the self assessment and declare your rental income from Spanish property.
👍
😊
True
❤
😊
😊
I have two question: I am working as a lecturer at a university, and my salary is already taxed. However, I also do freelancing and earn around 7 to 8 thousand pounds. Do I need to declare this freelance income? My second question is: I am on a Global Talent Visa with no work restrictions. Will this freelance work affect my working hours?
You need to declare your freelancer income to HMRC in your self assessment tax return. Please register yourself with HMRC as self employed. If you freelancing after your work time this shouldn’t be a problem as far no restriction from your employer.
Good job
👍
😊
😊
😊
Hi, I have received a gift from my grandmother which is over 100k£. She sold her house in Poland and she transferred the money to my Polish bank account. I want to transfer this money to my UK bank account. Do I have to declare it? or can I just transfer the money and use it straight away? p.s I have declared to Polish HMRC the gift which is tax free Thanks in advance
Good morning, If funds transferred from abroad are a gift, then there won’t be any tax implications as HMRC does not view gift transfers as a form of income. Please make sure you have all the paperwork because bank will ask you prof of funds…..etc
Thank you acumen accountancy for sharing such a great experience to grow our businesses. Thanks once again.
I’ve just filled mine in and paid the fine that they sent me and now they’ve sent me another saying I’m 3 months late for not sending it, I know the figure for how much tax I owe from when I was self employed so I’ve obviously filled it in and sent it off but they’ve not sent me or given me a way to pay it.
You can go to gov .uk website and search paying self assessment. You can pay online please make sure you put your UTR no in payment reference.
Valuable information. Please keep us updated regarding tax information Thank you
if I have foreign income from my self employment do I declare it in the Short self assessment form and Foreign income part or ONLY in the Foreign income section ?
Hello, please declare this under the foreign income section. Please note it’s a specialised area of the tax return and we recommend you seek professional advice.
Great info one of the areas I have struggled with just not the skilled workers out there
Just called your office, thank you for your help.
I need help regarding dormant account.
👍
So true! Feel free to share some shorts on “How to execute your business plan” it’d make for good content
Hi In my case, how to declare tax for offshore employee? Are they tax residency or non-tax residency?
The employee will typically continue to be taxable in the UK on their employment income, but usually there will be a foreign tax credit for any tax paid in the overseas country.
Can you make a video about how to make reports and profit and loss accounts that will help to analyse the growth of your business and how you can grow it. I just need help with analysing the business, like how much stock I purchased from my supplier and then the total venue of sale. I would appreciate like a video summarising what things you need to keep track of as a business owner and the technique.
I have kept track of sales, expenses, and the purchases (cost of when you bought from supplier) monthly but how do you analyse the growth of your business.
Best thing we can recommend to you to have an accounting software. These days you can subscribe to accounting software for a minimum monthly payment. This will make your life easy.
These are not businesses, these are side hustles. Pathetic.
Handyman work as self employed this is full time job and requires zero investment. Tutoring is full time job with descent income. You can say Airbnb is side hustle if you just have one property. It’s all about getting serious with consistency.
Will talk good information 👍
Hi ,I owe £2,030.55 and it is late ,I am not in the UK right now ,can I sort this over the phone or should I send a letter first to appeal and then call them ? it's pretty late ,of course I completed the tax return ( it was for 2021-2022) and now I am left with the penalties ,also it was my first tax return ,will I receive the tax refund or do I have to pay penalties first ?
We strongly advise to send appeal letter to HMRC as soon as you can. Explain everything in the letter and you have strong chances this will be cancelled. If you call no help available sending a letter is the best option.
@@acumenaccounting Thank you very much for replying ,this can be quite stressful
can i send this Penalty Determination Review letter from pakistan @@acumenaccounting
Hi Sir I have 8 months of experience in the UK accounting But in my company i am only working on the bookkeeping part not work on finalization Please give me advice on how I learn to work on finalization
If you think you have command on the bookkeeping work and you are ready to progress try to look for new job this will give you the opportunity to learn more and grow. Or speak to your manager and explain to them you are ready for the accounts preparation work and have detailed discussion with them. All the best.
I had a book published by a US publishing company. I therefore earn royalties in the US although I live in the UK. Before completing a W8BEN form I was charged a 'withholding' tax on my royalties. Can I claim tax relief on the withheld amount in my UK tax return? If so do I do this by completing the 'Foreign' Pages of my tax return?
Hi, you need to complete foreign income section in self assessment. You can also claim any tax paid on foreign income.
I sold my house in France. Can you list the sections in the tax return I use to declare it. I can't seem to find capital gains in the Foreign Section, only a "Capital Gains - witholding tax"
Use the 'foreign' section of the tax return to record your overseas income or gains. Include income that's already been taxed abroad to get Foreign Tax Credit Relief, if you're eligible. HM Revenue and Customs ( HMRC ) has guidance on how to report your foreign income or gains in your tax return in 'Foreign notes'. This is specialised area and I recommend speak to a professional so you don’t submit incorrect information in your self assessment.
Hello, I am going to have a job interview for Senior accountant role. what you can adivce to me more for annual accouting ? Kind regards from Germany.
Following are just few suggestions you should keep in your mind and prepare the answers. What steps do you take in preparing a budget? Describe your experience with financial forecasting and projections. How do you stay current on accounting standards? How do you keep track of what you've delegated to your team? How do you monitor your team's performance?
Hello Sir thank you very much. I am unemployed for 4 months and I need to get this job. I am very happy that you helped me. Greetings from Germany
All the very best 👍
Sir thank you very much for your response I want to kindly ask you I have a few more question regarding this intervew. The answere what you gave to me it was very helpful. I dont know how to handel other question. would be ok to ask via email to.I need to get this job in order to keep my life. thank you. @@acumenaccounting