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Asmat Accountant

The UK, and its fuel shortage crisis.

Over the past week, the UK has been hit by an automotive fuel shortage that’s leaving some filling stations with no option but to turn customers away. While that’s leading to gridlock and traffic jams at filling stations as drivers panic buy fuel, it’s also having another, more unexpected outcome. its driving interest in electric cars and public transport. According to figures compiled by UK newspapers, the Evening Standard, web searches for electric cars in the UK have soared over…

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A complete guide to freelancer taxes

You can decide to commit to being self-employed full time, or freelance as your bit on the side. However, a more complicated issue is whether you intend to be a sole trader, or set up as a limited company. Sole Trader This is the more popular option, accounting for 60% of all businesses in the UK Pros: More straightforward then setting up as a limited company. Cheaper Cons: Should your business fail, you are the hook of any debts, meaning…

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Our tips on how you can reduce your corporation tax

 What is Corporation tax? Corporation tax is paid by UK limited companies and some other organisations. It is based on the annual profits that a company makes. All profits are taxable however, certain specific expenses can be deducted, and there are allowances you can make use of to help reduce your tax liability. Who pays Corporation Tax? Corporation tax has to be paid by all Uk limited companies. Sole traders and partnerships don’t pay corporation tax, instead, they have to…

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Our 6 key tips to a successful business.

Starting a small business is a massive but rewarding undertaking. Part of a small business is doing things in a way that makes the most sense to you, but little guidance can help you as well. Consider these tips for starting your own company or incorporate as needed. Be organised To achieve the success you need to be organised. it will help you complete tasks and stay on top of things to be done. a good way to be organised…

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What is Capital gains tax, and how can you reduce it?

What is Capital Gains tax? CGT is a tax paid by self-employed traders and those in business partnerships. it is also paid by individuals who have sold particular assets for more than £6000 such as: Second Properties, properties that have been inherited and valuable personal possessions such as jewellery and antiques. Shares that are not in an ISA or PEP Business assets like land and buildings, trademarks and fixtures and fittings. Capital gains tax is a federal fee you pay…

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What is business insurance and how has Covid-19 effected it?

What is business insurance? Business insurance is essential, and in some cases against the law. Business insurance protects businesses against the losses suffered in the course of their normal activities, particularly when the business faces a compensation claim. Covers include professional indemnity insurance, public liability insurance, and employers` liability insurance. Do you need it? The main risk of operating a business without any cover is that you will lose money. This may be through replacing or repairing damaged property, paying…

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Who are HMRC, and what are they responsible for?

Who isW HMRC? They are the UK’S tax, payments and customs authority, and have a vital purpose. They collect money that pays for the UK’S public services and helps families and individuals with targeted financial support. They do this by being impartial and increasingly effective and efficient in their administration. They help the honest majority to get their tax right and make it hard for the dishonest minority to cheat the system. What are HMRC responsibilities? They are responsible for:…

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How to declare, yourself bankrupt.

How to declare yourself bankrupt What is bankruptcy? Bankruptcy is a legal proceeding involving a person or business that is unable to repay their outstanding debts. The bankruptcy process begins with a petition filed by the debtor, which is most common, or on behalf of creditors, which is less common. All of the debtor’s assets are measured and evaluated, and the assets may be used to repay a portion of the outstanding debt. Applying for Bankruptcy In case you declare…

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Getting a Tier 1 Visa

How can we help you get a tier 1 visa? What are tier 1 – Visas? Tier 1 is one of the immigration routes under the UK’s points-based visa system available to individuals from outside the European Economic Area (EEA). The visas which make up the Tier 1 immigration route offer relatively favourable terms and eligibility requirements for visa holders. What are the different visas under the Tier 1 visa scheme? Within the tier 1 visa scheme, there are four…

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How do you work out you Council Tax?

Council tax is an unavoidable cost for most tenants and homeowners. Many see their monthly bill from the council and don’t think about why they’re paying what they are. At face value, these council tax bands can be quite confusing. But it’s not as perplexing as you might think, and we’re here to guide you through it. You’ll need to know 3 things: the valuation band for your home in England and Wales or in Scotland how much your local council charge for that…

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Asmat Accountants

Asmat & Co are one of Berkshires’ leading independent firms of Accountants servicing a growing and satisfied clientele. At Asmat & Co expert advice is available from senior qualified Chartered Management Accountants (ACMA) and Chartered Certified Accountants (ACCA), at very attractive packages tailored to suit varied individual and business requirements. The professional team at Asmat & Co. possesses extensive experience in providing accounting, tax, finance transformation and business advisory services to a diverse customer base.

CONTACT US


  • 84 High Street, Slough, Berkshire SL1 1EL, United Kingdom
    Get directions >>
  • 01753 424968 / 02035 988 621
  • 01753 437109
  • info@asmataccountants.co.uk

Reading Office

  • 365-367 Oxford Road, Reading, RG30 1HA
    Get directions >>
  • 0118 950 9841
  • reading@asmataccountants.co.uk



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