Over the 14 years I have owned a bookkeeping service you can imagine that I’ve seen a lot of different sets of books; the good, the bad, and the incredibly ugly. To be honest, more often than not the books are pretty bad. It’s little things here and there, that just compound to make up […]
Archives for December 2020
Tax-News.com: EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels
The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel.
Tax-News.com: Digital VAT Regimes Vital To Buoy Countries’ Tax Takes: Report
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce.
Tax-News.com: UK, Canada Sign Post Brexit Continuity Agreement
Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021.
Several tax provisions set to expire at end of 2020
News Procedure & Administration By Alistair M. Nevius, J.D. During a busy and historic year — with a global pandemic, disruptions to the economy, and postponements of normal tax deadlines — practitioners may have missed that many tax provisions are scheduled to expire at the end of the year. And while the annual expiration of […]
IRS finalizes qualified plan loan rollover rules
In T.D. 9937, the IRS finalized proposed rules addressing the amendments to Sec. 401(c) by Section 13613 of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which provides an extended rollover period for a qualified plan loan offset. The final regulations adopt the proposed regulations issued in August (REG-116475-19) with […]
What Is Accrual Accounting?
As a business owner, you have the important task of choosing an accounting method to record transactions. One method you can use is accrual accounting. And depending on your business, you may have to use the accrual accounting method to record incoming and outgoing money. So, what is accrual accounting? What is accrual accounting? Accrual-based […]
Easy SEO mistakes and how to avoid them
Easy SEO mistakes and how to avoid them | Reckon Blog Blog Post Home > Tips > Easy SEO mistakes and how to avoid them
Why we can’t delay safeguarding the IoT in critical national infrastructure
When discussing Internet of Things (IoT) security, it is vital to first recognise the increasing extent to which our daily lives are reliant on these entirely connected systems. Integrating IoT devices within mission-critical industries means that, while gaining efficiencies, we create a breeding ground for new points of attack. These networks are of vital importance, says Alan […]
Paying your deferred VAT
Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment. 1. You can pay the deferred amount in full by 31 March 2021 2. You can opt in to the VAT deferral payment scheme when it launches in early 2021 3. […]