UK tax and accounting bodies support e-invoicing

አንድ የሂሳብ አዋቂ ብቃት አለዉ ብለን ከምንሰጣቸዉ ምስክርነት አንዱ የሃገራትን የታክስ ህግ( Tax Accounting ) ማወቅ ሲችል ነዉ። <<knowledge of tax law helps accountants not only to legally protect their clients but also to improve their Financial Health.>> ስለዚህ በዋናነት የደንበኞችን ደንነት የሚጠብቀው ወደ ፊት ከሚደረግ የታክስ ኦዲት ላይ አላስፈላጊ ቅጣት ሲታደግ ብቻ ነዉ ።!! የምነግራችሁ እውነት ነው! ምርጫ የላችሁም ከመቀበል ዉጪ ! One of the certifications we grant to an accountant as proof of their competence is the knowledge of the country's tax laws (Tax Accounting). Therefore, the primary way they protect the client's welfare is only by saving them from unnecessary penalties during a future tax audit." "What I am telling you is the truth! You have no choice but to accept it! "The competence of an Accountant crucially includes the knowledge of the country's tax laws (Tax Accounting)." The Importance of Tax Law for an Accountant "A qualified accountant's in-depth knowledge of tax law is vital for protecting and supporting the interests of clients (individuals or businesses). The main ways they ensure clients' welfare are the following: 👉 Preventing Penalties (Avoiding Fines): By correctly applying tax laws, preparing necessary financial information and reports accurately and on time, the primary function is to save the client from unnecessary penalties resulting from a future Tax Audit. Competence in the law ensures that tax obligations are fulfilled correctly. 👉 Proper Tax Payment (Tax Compliance): Knowing tax laws allows clients to utilize permissible tax deductions and exemptions in a legally compliant manner. This helps them avoid paying excessive tax. 👉 Tax Planning: A qualified accountant helps the client by developing a long-term Tax Plan, assessing the tax implications of business decisions in advance, and recommending the most beneficial path for the client. Image Credit to AI

Oct 17, Friday - About Inherited Property Welcome to Daily Tax Tips with www.iLeadTax.com by Mr. Nanda Kumar K V, EA CPB (https://lnkd.in/dP5yC7H) & Team! Whether you are an Employee on W-2 or an Independent Contractor on 1099 or a Business Owner Running LLC / Partnership / S Corp / C Corp / NPO, we hope these Daily Tax Tips will help you Maintain Your Books of Accounts Every MONTH, Plan Your Taxes Effectively Every QUARTER and Ensure Compliance Every YEAR. Talk to iLead TAX (Tax Accounting Xpert) for a FREE Consultation Today!  Follow 👍 “iLead Tax LLC” on IFLY 📱 (Instagram + Facebook + Linkedin + YouTube) 💻 Love & Prayers,  Nanda Kumar K V, EA CPB Founder & CEO | iLead Tax Academy | iLead Tax LLC Personal Tax | Business Tax | Payroll Tax | Book Keeping | New Business Incorporation | USA Taxation Training & Placements  Let’s Connect on LinkedIn: https://lnkd.in/dP5yC7H | www.iLeadTax.com | www.iLeadTaxAcademy.in  WhatsApp: +1 234-444-5323 | Call: +1 530-444-5323 | Email: iPlan@iLeadTax.com    🦁#iLeadTaxLLC 🦅 #DailyTaxTip📝 #PersonalTaxFiling #BusinessTaxFiling #NewBusinessFormation #Bookkeeping #PayrollProcessing #Outsourcing #CPA #taxplanning #nandakumarkv LIKE IT (if you find it USEFUL) + SHARE IT (if you find it HELPFUL)

Oct 14, Tuesday - About Uniform Gifts to Minors Act Welcome to Daily Tax Tips with www.iLeadTax.com by Mr. Nanda Kumar K V, EA CPB (https://lnkd.in/dP5yC7H) & Team! Whether you are an Employee on W-2 or an Independent Contractor on 1099 or a Business Owner Running LLC / Partnership / S Corp / C Corp / NPO, we hope these Daily Tax Tips will help you Maintain Your Books of Accounts Every MONTH, Plan Your Taxes Effectively Every QUARTER and Ensure Compliance Every YEAR. Talk to iLead TAX (Tax Accounting Xpert) for a FREE Consultation Today!  Follow 👍 “iLead Tax LLC” on IFLY 📱 (Instagram + Facebook + Linkedin + YouTube) 💻 Love & Prayers,  Nanda Kumar K V, EA CPB Founder & CEO | iLead Tax Academy | iLead Tax LLC Personal Tax | Business Tax | Payroll Tax | Book Keeping | New Business Incorporation | USA Taxation Training & Placements  Let’s Connect on LinkedIn: https://lnkd.in/dP5yC7H | www.iLeadTax.com | www.iLeadTaxAcademy.in  WhatsApp: +1 234-444-5323 | Call: +1 530-444-5323 | Email: iPlan@iLeadTax.com    🦁#iLeadTaxLLC 🦅 #DailyTaxTip📝 #PersonalTaxFiling #BusinessTaxFiling #NewBusinessFormation #Bookkeeping #PayrollProcessing #Outsourcing #CPA #taxplanning #nandakumarkv LIKE IT (if you find it USEFUL) + SHARE IT (if you find it HELPFUL)

📘 Corporate Tax & VAT - The Smart Move Is to Prepare Early September is behind us, and with it comes a reminder for every business - tax compliance starts with record readiness, not deadlines. At EASE - Elite Accounting Services & Empowerment LLC-FZ, we see the same pattern every year: 📦 Incomplete records 📄 Late reconciliations 📊 Last-minute data cleanups The truth is, accurate and timely VAT & Corporate Tax filing doesn’t begin at submission time - it begins months earlier with clean books, reconciled ledgers, and well-organized documentation. Here’s how early preparation helps your business: ✅ Avoid penalties & audit risks - no last-minute surprises. ✅ Improve cash flow visibility - know your tax liabilities before they hit. ✅ Enable faster, error-free filings - less stress, more accuracy. ✅ Stay compliant year-round - not just at deadline time. At EASE, we help clients automate their accounting and reporting processes, ensuring that VAT & Corporate Tax data stays accurate, compliant, and audit-ready - always. 📩 Don’t wait for deadlines. Let’s prepare your records now and make tax filing the easiest part of your year. #CorporateTax #VAT #TaxCompliance #Accounting #Bookkeeping #EASE #EliteAccounting #FinanceTransformation #UAE #CFO

Sep 27, Saturday - About Ordinary Dividends Welcome to Daily Tax Tips with www.iLeadTax.com by Mr. Nanda Kumar K V, EA CPB (https://lnkd.in/dP5yC7H) & Team! Whether You are an Employee on W-2 or an Independent Contractor on 1099 or a Business Owner Running LLC / Partnership / S Corp / C Corp / NPO, we hope these Daily Tax Tips will help you Maintain Your Books of Accounts Every MONTH, Plan Your Taxes Effectively Every QUARTER and Ensure Compliance Every YEAR. Talk to iLead TAX (Tax Accounting Xpert) for a FREE Consultation Today! Follow 👍 “iLead Tax LLC” on IFLY 📱 (Instagram + Facebook + Linkedin + YouTube) 💻 Love & Prayers, Nanda Kumar K V, EA CPB Founder & CEO | iLead Tax Academy | iLead Tax LLC Personal Tax | Business Tax | Payroll Tax | Book Keeping | New Business Incorporation | USA Taxation Training & Placements Let’s Connect on LinkedIn: https://lnkd.in/dP5yC7H | www.iLeadTax.com | www.iLeadTaxAcademy.in WhatsApp: +1 234-444-5323 | Call: +1 530-444-5323 | Email: iPlan@iLeadTax.com 🦁#iLeadTaxLLC 🦅 #DailyTaxTip📝 #PersonalTaxFiling #BusinessTaxFiling #NewBusinessFormation #Bookkeeping #PayrollProcessing #Outsourcing #CPA #taxplanning #nandakumarkv LIKE IT (if you find it USEFUL) + SHARE IT (if you find it HELPFUL)

Oct 02, Thursday - About Non-Statutory Stock Options Welcome to Daily Tax Tips with www.iLeadTax.com by Mr. Nanda Kumar K V, EA CPB (https://lnkd.in/dP5yC7H) & Team! Whether You are an Employee on W-2 or an Independent Contractor on 1099 or a Business Owner Running LLC / Partnership / S Corp / C Corp / NPO, we hope these Daily Tax Tips will help you Maintain Your Books of Accounts Every MONTH, Plan Your Taxes Effectively Every QUARTER and Ensure Compliance Every YEAR. Talk to iLead TAX (Tax Accounting Xpert) for a FREE Consultation Today!  Follow 👍 “iLead Tax LLC” on IFLY 📱 (Instagram + Facebook + Linkedin + YouTube) 💻 Love & Prayers,  Nanda Kumar K V, EA CPB Founder & CEO | iLead Tax Academy | iLead Tax LLC Personal Tax | Business Tax | Payroll Tax | Book Keeping | New Business Incorporation | USA Taxation Training & Placements  Let’s Connect on LinkedIn: https://lnkd.in/dP5yC7H | www.iLeadTax.com | www.iLeadTaxAcademy.in  WhatsApp: +1 234-444-5323 | Call: +1 530-444-5323 | Email: iPlan@iLeadTax.com    🦁#iLeadTaxLLC 🦅 #DailyTaxTip📝 #PersonalTaxFiling #BusinessTaxFiling #NewBusinessFormation #Bookkeeping #PayrollProcessing #Outsourcing #CPA #taxplanning #nandakumarkv LIKE IT (if you find it USEFUL) + SHARE IT (if you find it HELPFUL)

HMRC Joins Capium Live: Your Guide to MTD for Income Tax (MTD IT) Success The countdown to Making Tax Digital for Income Tax (MTD IT) is officially on, and preparation is key. As the transition draws nearer, accountants and bookkeepers across the UK are asking the same vital questions: ❓What exactly does HMRC expect from agents and their clients? ❓How do we streamline submissions and stay compliant? ❓Which tools make digital recordkeeping simple and efficient? Join our partners Capium on Tuesday 21st October at 10am, for a special joint session with HMRC where you'll get answers to these questions and more. This 45-minute live webinar brings together HMRC’s Sam Wood and Capium’s Director of Product & Growth, Nicholas Cheyne, for a clear, practical walkthrough of what’s next for MTD IT, and how Capium’s technology can make compliance easier for you and your clients. From timelines to digital record keeping, get clear, practical guidance straight from HMRC and Capium - plus a live demo of Capium 365 to see how firms are preparing now. 🗓 Tuesday 21 October 2025 | ⏰ 10:00–10:55am (UK time) | 🎥 Live webinar You’ll leave with a clear roadmap to MTD IT readiness, take-away resources, and practical steps to implement immediately plus how Capium 365 (HMRC-recognised) keeps you efficient, compliant, and connected. 👉 Register now: https://ow.ly/CyYV50Xb0JZ #MTD #MTDITSA #HMRC #Accounting #Bookkeeping #Tax #DigitalRecordkeeping #Compliance #Capium #PracticeManagement #UKAccounting #AAP #AppAdvisoryPlus

Navigating a business audit? Here are the first steps to tackle it: ✅ Confirm the accuracy of your tax return, including reported income, deductions and expenses. ✅ Respond promptly to all IRS requests, and provide exactly what is asked for (but do not volunteer additional information). ✅ Collaborate with your tax professional, who can advocate for your position and ensure compliance. If discrepancies arise, you may need to reconstruct missing documents or clarify your interpretation of tax laws. There are several types of business audits, which vary in complexity. Learn more and follow us for additional #taxtips: https://lnkd.in/ep8zM-me #businessaudit #audit #auditpreparation #taxaudit #taxaudits #Taxtip

The Federal Tax Authority has released a series of updated guides and user manuals in late 2025, covering several critical areas: • Filing of corporate tax returns. • Requirements for audited financial statements within tax groups. • Procedures for corporate tax de-registration. • Rules for changing corporate tax periods. These updates are not minor administrative changes. They directly affect how businesses prepare filings, which forms they must use, and what penalties apply for errors or omissions. Businesses that fail to align their processes with these updated guides risk late filings, rejected submissions, or unnecessary penalties. FFG stays at the forefront of regulatory updates and ensures clients are fully briefed on changes. We assist in interpreting the new guidance, adjusting internal accounting calendars, and preparing businesses for seamless compliance.

HMRC launched a new tool yesterday to allow companies establish if a project they have worked on is likely to meet the criteria for R&D tax relief. Whilst I would have liked to see a bit more guidance for each of the questions, maybe a short video explaining some of the concepts, it should hopefully at least make users stop and think about the questions, and go seek additional information, before deciding if their project qualifies, or not. As HMRC can always add more functionality later, it's encouraging they are seeking to assist company owners in making an informed decision, when it comes to the eligibility of their potential R&D claim. https://lnkd.in/eKJBhDxp