Hamza Pathan, Author at Path Accountants

Hamza Pathan

45 articles published

Understanding VAT: A Beginner’s Guide for UK Businesses – Break down the complexities of Value Added Tax in the UK, including how to register, calculate, and file returns.

Uncategorized26 March 2024203Views 0Likes 0Comments

Introduction Understanding Value Added Tax (VAT) is imperative for businesses operating within the United Kingdom. This guide is aimed at demystifying the various aspects of VAT for UK businesses, especially for beginners. VAT, a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to…

Top Penalties for Non-Compliance with Tax Obligations in the UK

Practical Guide, Taxation22 March 2024187Views 0Likes 0Comments

Introduction In the United Kingdom, meeting tax obligations is a critical responsibility for both individuals and businesses alike. The HM Revenue and Customs (HMRC) enforces strict regulations to ensure compliance. Should parties fail to adhere to these regulations, they face significant penalties. The complexity of tax laws can sometimes lead to unintentional non-compliance, however, ignorance…

Corporate Tax in the UK

Consulting, Taxation20 March 2024269Views 0Likes 0Comments

Introduction Navigating the complexities of UK corporate tax can initially seem daunting for many businesses, whether they are newly formed entities or well-established enterprises seeking to better manage their tax obligations. This comprehensive guide aims to demystify the essence of corporate tax in the UK, offering an overview of the tax rates, deduction opportunities, and…

What is the 60% tax trap and how can you legally avoid it in uk?

Taxation19 March 2024230Views 0Likes 0Comments

Introduction In navigating the complexities of the UK tax system, individuals and professionals alike are often confronted with various challenges, among which the so-called "60% tax trap" stands out as particularly daunting. This phenomenon, while not an official tax rate, effectively imposes a punitive level of taxation on certain earners through a specific income bracket.…

The Benefits of Hiring PathAccountants for Your Accounting Needs

Consulting4 March 2024209Views 0Likes 0Comments

Introduction In the dynamic landscape of small business management, staying ahead of financial complexities is a crucial task that often demands meticulous attention and expertise. This is where PathAccountants, a premier provider of accounting services based in Wembley, comes into play. Offering a comprehensive suite of solutions tailored to meet the unique financial management…

Maximising Inheritance Tax Savings with Accountant Assistance

Practical Guide, Taxation22 February 2024206Views 0Likes 0Comments

Learn how working with an accountant can help you reduce inheritance tax payments in 2024.