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Bank of England: the Monetary Policy Committee has decided to keep rates at 0.1%
Bank of England: the Monetary Policy Committee has decided to keep rates at 0.1%

Yesterday, the Monetary Policy Committee (MPC) of the Central Bank of England met to assess whether the UK's recovery ...

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WellTax is recruiting!
WellTax is recruiting!

Overview: At WellTax, we are dedicated to attracting a diverse combination of highly capable people from different bu...

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UK: new government policies to support the economy
UK: new government policies to support the economy

On July 8th, the Chancellor Rishi Sunak unveiled his summer economic plan to help the UK economy recover from the impact o...

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UK ready for no-deal
UK ready for no-deal

During an informal dinner between Boris Johnson, British Prime Minister, and Angela Merkel, German Chancellor and Presiden...

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Temporary variations to Companies House filing obligations
Temporary variations to Companies House filing obligations

  On 26th June 2020 the UK government has introduced temporary variations to enhance a greater economic recovery and...

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England’s end of quarantine for low-risk countries
England’s end of quarantine for low-risk countries

From 10 July some low-risk countries, including France, Germany, Italy and Spain (the full list is available below) will b...

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Brexit: a no-deal is increasingly likely
Brexit: a no-deal is increasingly likely

In mid-June, Boris Johnson said he did not want to request an extension of the transition period for the completion of neg...

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Covid-19: Full report on the UK economy and what to expect next
Covid-19: Full report on the UK economy and what to expect next

More information on future economic measures in the UK, including tax cuts and spending pledges, are expected in the Autum...

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Analysis and trend of the Pound Sterling
Analysis and trend of the Pound Sterling

As is now well known, the pound has long been paying duties due to the British geopolitical situation (Brexit in particula...

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Covid-19 impact on the world economy according to the IMF
Covid-19 impact on the world economy according to the IMF

Yesterday (24.06) the IMF (International Monetary Fund) released an updated forecast on the world economy (World Economic ...

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Coronavirus: Update on lockdown measures in England
Coronavirus: Update on lockdown measures in England

Yesterday (23.06) the Prime Minister Boris Johnson released information regarding the new lockdown measures in England, wh...

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Impact of coronavirus on the UK property market
Impact of coronavirus on the UK property market

It might well be plausible that the economic consequences of the coronavirus in the UK will cause financial uncertainty fo...

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Brexit negotiations in the light of covid-19
Brexit negotiations in the light of covid-19

The UK Parliament has agreed on introducing extensive checks on European goods from January 2021 after the ministers&rsquo...

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UK economy shrinks record 20.4% in April due to lockdown
UK economy shrinks record 20.4% in April due to lockdown

The services sector, including financial services, hospitality and tourism, makes up about three-quarters of the UK's ...

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Self-Employment Support Scheme extension
Self-Employment Support Scheme extension

On Friday 29th of May, the Chancellor Mr. Sunak announced that the SEISS support, provided to self-employed which have bee...

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Brexit: Unmeaningful progress
Brexit: Unmeaningful progress

Both the EU and UK negotiators said on June 5th they did not make a big progress during their last talks when Boris Johnso...

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Furlough: how employers' contributions will change from August
Furlough: how employers' contributions will change from August

On the 29th of May, Chancellor Mr. Sunak confirmed the extension of the Coronavirus Job Retention Scheme until the end of ...

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Furlough Scheme: New changes from July
Furlough Scheme: New changes from July

Furloughed workers will be allowed to go back to work as part-time from 1 July. This decision was taken to help people gra...

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Have you been made redundant or left your job on or after February 28th? Useful information
Have you been made redundant or left your job on or after February 28th? Useful information

An employer can decide to re-employ someone who was made redundant or stopped working for the company on or after the 28th...

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Coronavirus Bounce Back Loan
Coronavirus Bounce Back Loan

The British Chancellor, Mr Sunak, has recently announced the launch of a new scheme, the “Bounce Back Loan Scheme (B...

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Extra Top-up to local business grant funds scheme
Extra Top-up to local business grant funds scheme

On Friday 1st of May 2020, the UK Government announced to the local authorities in England that an increase of up to 5% wo...

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Universal Credit - Guidance
Universal Credit - Guidance

Increased support available through tax credits and Universal Credit The UK Government has made some changes to the suppo...

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Support for self-employed through the Self-employment Income Support Scheme.
Support for self-employed through the Self-employment Income Support Scheme.

This scheme will allow Self-Employed to claim a taxable grant worth 80% of their trading profits up to a maximum of £...

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Support for businesses through the Coronavirus Job Retention Scheme.
Support for businesses through the Coronavirus Job Retention Scheme.

From Monday 23 March, the entire UK has been put into lockdown by the government and citizens have been instructed to stay...

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Support for businesses through deferring VAT payments
Support for businesses through deferring VAT payments

All UK businesses registered for VAT have the option to defer VAT payments due between 20 March and 30 June 2020. Busines...

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Support for businesses paying tax: Time to Pay service & Commercial Insurance Cover
Support for businesses paying tax: Time to Pay service & Commercial Insurance Cover

All businesses and self-employed people in financial difficulties, and with outstanding tax liabilities, may be eligible t...

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Protection from eviction for commercial tenants
Protection from eviction for commercial tenants

Commercial tenants who cannot pay their rent because of Coronavirus will be protected from eviction. These measures will ...

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Support for businesses that pay little or no business rates
Support for businesses that pay little or no business rates

The Chancellor has announced measures that will cover and provide additional Small Business Grant Scheme funding for ...

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Companies House -  3-months extension period to file accounts
Companies House - 3-months extension period to file accounts

Due to the current situation, Companies House together with the UK government has granted a further 3 months extension for...

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UK practical business advice: COVID-19
UK practical business advice: COVID-19

Here’s a quick summary of new measures announced by the government to assist businesses experiencing disruption to t...

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Brexit: Scenario after general election.
Brexit: Scenario after general election.

OVERVIEW As we all know, the Conservative Party has won the previous election by a clear majority to the detriment of the...

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How to Transfer UK Private Pension Funds to Italian Funds
How to Transfer UK Private Pension Funds to Italian Funds

Current UK legislation allows EU citizens to transfer the full amount of state pension contributions from the UK to any ot...

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Distributing dividends – how to do it in the right way
Distributing dividends – how to do it in the right way

It is important to be aware that the payment of dividends has a strict legal framework. Whatever the size of the company, ...

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Switzerland and United Kingdom: together we stand
Switzerland and United Kingdom: together we stand

Federal Councillor Guy Parmelin and British Trade Minister Liam Fox signed a bilateral trade agreement in Bern on 11 Febru...

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UK-Italy partnership will remain strong despite Brexit concerns
UK-Italy partnership will remain strong despite Brexit concerns

The Italian Ministry of Economics and Finance, Mr Giovanni Tria, has officially announced the Anglo-Italian collaboration ...

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The importance of Customer Service in the accounting world.
The importance of Customer Service in the accounting world.

A respectable business, regardless its nature and size, must be capable to offer a sound service to his all clients. Looki...

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Self assessment - Don't miss the deadline!
Self assessment - Don't miss the deadline!

It is not a wise choice to leave your tax return filing close to the deadline. Dealing with your self-assessment ahead of...

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How to change your Accountant
How to change your Accountant

The most important feature of a successful business is the attention to details. When you realize that the service receive...

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Autumn Budget 2018 - Finance
Autumn Budget 2018 - Finance

The future scenarios for the UK economy were outlined last Monday when Phillip Hammond delivered his Autumn Budget. But wh...

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Not sure between LTD company or sole trader?
Not sure between LTD company or sole trader?

Starting a new business? Are you already a sole trader? When should a sole trader become a limited company? Our article sh...

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All you need to know about dormant companies
All you need to know about dormant companies

There are several reasons why a dormant company can be set up. Nowadays, more than 300,000 dormant companies are regist...

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How much does it cost to hire an accountant?
How much does it cost to hire an accountant?

Registering revenue and expenses, billing, meeting tax deadlines with related payments are time consuming activities and r...

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London - Business City 2018
London - Business City 2018

Colliers International is a multinational real estate services company operating in 68 countries worldwide, a giant of $ 2...

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Wallace & Partners changes to WellTax.
Wallace & Partners changes to WellTax.

Wallace & Partners changes its name to WellTax! The main reason for this change has been the evolution of the marke...

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WellTax
WellTax

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Income tax return – fiscal year deadline
Income tax return – fiscal year deadline

The British tax authorities put us in front of an important deadline, the fiscal year deadline on 6th April. A year of ...

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The unexpected growth of the UK
The unexpected growth of the UK

The growth estimates of the British economy have been continuously revised downwards over the past few years. Brexit playe...

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Self assessment - Don't miss the deadline!
Self assessment - Don't miss the deadline!

It is not a wise choice to leave your tax return filing close to the deadline. Dealing with your self-assessment ahead ...

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Brexit and tax evasion
Brexit and tax evasion

Mr Hammond announced last Wednesday an allocation of additional £1.5bn in each of the next two financial years for B...

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Budget 2017: Property and Housing measures
Budget 2017: Property and Housing measures

UK Chancellor Philip Hammond has delivered the Autumn Budget that gave us the first indications of the government response...

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NHS and Pensions – Budget 2017
NHS and Pensions – Budget 2017

The Budget 2017 has revealed the plans Mr. Hammond has for the next year in regards to public spending and state pension. ...

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Tax, allowance and Enterprise Investment Scheme (EIS) – Budget 2017
Tax, allowance and Enterprise Investment Scheme (EIS) – Budget 2017

From the next tax-year (April 2018) there will be changes in the personal income tax-free threshold at £11,850 from ...

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Economy and Growth - Budget 2017
Economy and Growth - Budget 2017

In the Autumn Budget, the Government has downgraded the forecast for productivity growth, firm investment and GDP growth o...

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Benefits of writing a business plan
Benefits of writing a business plan

When you are running a business, it is crucial to writing a business plan to implement a feasible company strategy. The...

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Cash flow definition and meaning
Cash flow definition and meaning

Understanding cash flow is fundamental for running a successful business Specifically, cash flow is the amount of net f...

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Permanent residence process
Permanent residence process

How to get the right to permanently reside in the UK? (for “EU citizens“) It will apply specifically to the...

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CIS Scheme - What you need to do
CIS Scheme - What you need to do

The CIS scheme was introduced only in recent years, as HMRC had found formal and substantial irregularities as a result of...

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                        What do you need to do when using Airbnb
What do you need to do when using Airbnb

Airbnb is an online community created in 2008 that allows you to rent a cheaper accommodation than traditional hotels and ...

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Pension scheme at a glance
Pension scheme at a glance

The UK has taken big steps in recent years to improve the weaknesses in its pensions system. With the auto-enrolment, the ...

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Key financial terms: Understanding business dynamics
Key financial terms: Understanding business dynamics

Being aware of the main financial terms is an essential requirement to understanding business performance and optimising c...

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Starting a business in the UK. What do you need to consider?
Starting a business in the UK. What do you need to consider?

The United Kingdom is ranked as the fifth best countries for business in 2017. In recent decades, there have been countles...

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London calling: hints and suggestions
London calling: hints and suggestions

Youth unemployment is a “plague” affecting Europe for about ten years and it goes hand in hand with the overal...

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Business insight for UK startups
Business insight for UK startups

In the last decade, European and non-European countries implemented laws, regulations and incentives to encourage young pe...

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Brexit: The Facts
Brexit: The Facts

The "leave" victory in the Brexit referendum has initiated a socio-political-economic breakthrough with the past. Und...

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Trumponomics
Trumponomics

The USA election in 2016 has seen lots of changes in the global scenario. The election of Donald Trump will have major rep...

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Overview UK tax system
Overview UK tax system

Her Majesty Revenue and Customs (HMRC) deals with the taxes compliance and registration for individuals and companies. ...

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Dear Everyone
Dear Everyone

We are pleased to welcoming you in our "Blog" section.

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