EU VAT CHANGES FOR 2015
[vc_row][vc_column][vc_column_text]There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…
Read moreFUNDAMENTAL ACCOUNTING
[vc_row][vc_column][vc_column_text]Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Read moreSAVE ON TAXES
[vc_row][vc_column][vc_column_text]Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…
Read morePROPER INVOICE INFO
[vc_row full_width=”” parallax=”” parallax_image=”” has_content=”true”][vc_column width=”1/1″][vc_column_text css_animation=””]Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial…
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