SMALL BUSINESS AND VAT
7:49
Ай бұрын
How to start in 2024 successfully
5:14
Why not to use a limited company?
6:55
Annual Accounts Preparation.
6:13
Always have an exit plan.
6:33
10 ай бұрын
How to pay less tax ?
5:34
11 ай бұрын
Do not start a business.
4:30
11 ай бұрын
Mortgage Repayment Support
4:07
Жыл бұрын
3 Enemies of Success.
3:32
Жыл бұрын
Buying or renting a house
6:39
Жыл бұрын
Allowable property expanses.
3:23
Finance, Lease or buy a car.
7:28
Making tax digital for landlords
2:49
Пікірлер
@arshadazam8197
@arshadazam8197 12 күн бұрын
Beautiful view
@mohammadfaisal9068
@mohammadfaisal9068 13 күн бұрын
😊
@juanestrada2814
@juanestrada2814 16 күн бұрын
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?
@acumenaccounting
@acumenaccounting 15 күн бұрын
Hello, yes you need to do the self assessment and declare your rental income from Spanish property.
@momovlogsU
@momovlogsU 22 күн бұрын
👍
@nakhan3658
@nakhan3658 22 күн бұрын
Hi make video about growth guarantee scheme please
@mohammadfaisal9068
@mohammadfaisal9068 23 күн бұрын
😊
@shaani69
@shaani69 29 күн бұрын
True
@arshadazam8197
@arshadazam8197 29 күн бұрын
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
😊
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
😊
@Qurat-ul-AinAzhar
@Qurat-ul-AinAzhar Ай бұрын
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?
@acumenaccounting
@acumenaccounting Ай бұрын
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.
@qasimmalik6150
@qasimmalik6150 Ай бұрын
Good job
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
👍
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
😊
@Blue-bird69
@Blue-bird69 Ай бұрын
Good information
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
😊
@mohammadfaisal9068
@mohammadfaisal9068 Ай бұрын
😊
@Leszno90
@Leszno90 Ай бұрын
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
@acumenaccounting
@acumenaccounting Ай бұрын
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
@junaidshah495
@junaidshah495 2 ай бұрын
Thank you acumen accountancy for sharing such a great experience to grow our businesses. Thanks once again.
@mattysmith3708
@mattysmith3708 2 ай бұрын
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.
@acumenaccounting
@acumenaccounting 2 ай бұрын
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.
@junaidshah495
@junaidshah495 2 ай бұрын
Valuable information. Please keep us updated regarding tax information Thank you
@promessekayumba2014
@promessekayumba2014 2 ай бұрын
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 ?
@acumenaccounting
@acumenaccounting 2 ай бұрын
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.
@p3rko166
@p3rko166 5 ай бұрын
Great info one of the areas I have struggled with just not the skilled workers out there
@savageoutletltd9939
@savageoutletltd9939 5 ай бұрын
Just called your office, thank you for your help.
@topviraltech2982
@topviraltech2982 5 ай бұрын
I need help regarding dormant account.
@rukhsanakayani5950
@rukhsanakayani5950 5 ай бұрын
👍
@aelius_audio
@aelius_audio 5 ай бұрын
So true! Feel free to share some shorts on “How to execute your business plan” it’d make for good content
@shiniedass5147
@shiniedass5147 5 ай бұрын
Hi In my case, how to declare tax for offshore employee? Are they tax residency or non-tax residency?
@acumenaccounting
@acumenaccounting 5 ай бұрын
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.
@hafsahmahmood5672
@hafsahmahmood5672 6 ай бұрын
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.
@hafsahmahmood5672
@hafsahmahmood5672 6 ай бұрын
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.
@acumenaccounting
@acumenaccounting 6 ай бұрын
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.
@jake8217
@jake8217 6 ай бұрын
These are not businesses, these are side hustles. Pathetic.
@acumenaccounting
@acumenaccounting 6 ай бұрын
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.
@shaani69
@shaani69 6 ай бұрын
Will talk good information 👍
@ProjectXclusive
@ProjectXclusive 6 ай бұрын
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 ?
@acumenaccounting
@acumenaccounting 6 ай бұрын
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.
@ProjectXclusive
@ProjectXclusive 6 ай бұрын
@@acumenaccounting Thank you very much for replying ,this can be quite stressful
@GulKitchen
@GulKitchen 5 ай бұрын
can i send this Penalty Determination Review letter from pakistan @@acumenaccounting
@abhishekrohilla5816
@abhishekrohilla5816 6 ай бұрын
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
@acumenaccounting
@acumenaccounting 6 ай бұрын
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.
@stimulusdevelopmenttrainin7522
@stimulusdevelopmenttrainin7522 6 ай бұрын
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?
@acumenaccounting
@acumenaccounting 6 ай бұрын
Hi, you need to complete foreign income section in self assessment. You can also claim any tax paid on foreign income.
@philiplively3680
@philiplively3680 6 ай бұрын
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"
@acumenaccounting
@acumenaccounting 6 ай бұрын
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.
@denisa.4341
@denisa.4341 6 ай бұрын
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.
@acumenaccounting
@acumenaccounting 6 ай бұрын
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?
@denisa.4341
@denisa.4341 6 ай бұрын
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
@acumenaccounting
@acumenaccounting 6 ай бұрын
All the very best 👍
@denisa.4341
@denisa.4341 6 ай бұрын
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
@anandseepersad1926
@anandseepersad1926 6 ай бұрын
We are retirees living in the caribbean who bought a property in UK last month in the names of my partner, my son and myself. The property was rented even before we bought so we kept the tenant for another year. The rent collected is 550 pound sterling and we are paying a company to handle the rental income etc.Today we got a document from the company stating that tax is being deducted at 20% from us each... so they took out 60% as taxes out of 550....this is crazy as we are left with just over 100. Is something wrong here? I thought this deduction would be prorated to 6.6% for each of the three of us...please help me understand what is happ ening!
@acumenaccounting
@acumenaccounting 6 ай бұрын
Thank you for contacting us. Can you please email us the same and one of our Accountant will reply you. Please email at [email protected]
@muhammadshoaib6293
@muhammadshoaib6293 6 ай бұрын
True
@harrisawan5360
@harrisawan5360 6 ай бұрын
your from pak??
@user-xf5gu5ek3v
@user-xf5gu5ek3v 6 ай бұрын
very well said 🤞
@CreativeMediaStudioLtd
@CreativeMediaStudioLtd 7 ай бұрын
In my opinion, this video does not explain anything, it just encourages you to use accounting services.
@acumenaccounting
@acumenaccounting 7 ай бұрын
Thank you for your feedback. In this video we trying to explain please declare your foreign income correctly. This is specialised area of self assessment and need professional assistance.
@MuhammadIrfan-wt5nf
@MuhammadIrfan-wt5nf 7 ай бұрын
💯% agree
@usmanamin7080
@usmanamin7080 7 ай бұрын
100 agree with you
@MuhammadIrfan-wt5nf
@MuhammadIrfan-wt5nf 7 ай бұрын
Good information 👏
@MuhammadIrfan-wt5nf
@MuhammadIrfan-wt5nf 7 ай бұрын
Great sir
@user-hg2by1ig8r
@user-hg2by1ig8r 7 ай бұрын
Hola buenas tarde una consulta hmrc puede conjelarme mi capital de crito monedas al ingresarla mi banco binance?
@rukhsanakayani5950
@rukhsanakayani5950 7 ай бұрын
👍
@webnoreuk4452
@webnoreuk4452 8 ай бұрын
Very much informative thanks
@Hs5687
@Hs5687 8 ай бұрын
What You do when Family Politically Singled Out & Targeted by Singapore Government ? ie. Whistleblower Situation 😊
@acumenaccounting
@acumenaccounting 8 ай бұрын
Try to settle in a country where you can do the business freely.
@Hs5687
@Hs5687 8 ай бұрын
@@acumenaccounting Understandably, You don’t know the Bad Habits of the Singapore Government … For Starters, they have an Internet Brigade 😂😂😂
@neenashah3272
@neenashah3272 8 ай бұрын
I cannot understand clause in self assessment of foreign income. If i was unable to transfer all or partial foreign income to u.k. Write yes or no I have fixed deposit in indian bank. I get interest which i use when visit home country. I do not want to bring money to u.k. so what should i enter yes, no
@acumenaccounting
@acumenaccounting 8 ай бұрын
You need to declare interest income received on fix deposits. This need to be declared under foreign income section. Either way you bring money to uk or not it’s taxable income. If you still have any question please visit our website and book a free consultation with on of our qualified Accountant.