Author name: Pat Sharma FCA, ACCA

Pat Sharma FCA, ACCA Pat Sharma is a Fellow Chartered Accountant (FCA) and ACCA-qualified tax advisor with over 15 years of experience supporting small businesses, contractors, landlords, and limited companies across London. As the founder of Brayan & Spencer Associates, Pat specialises in proactive tax planning, cloud accounting, and HMRC compliance for UK businesses.

Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK?

Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK?

Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in the UK. Understanding how IHT rules apply to Indian citizens and how to navigate cross-border inheritance tax planning can help in managing potential liabilities effectively. Here’s a detailed look at how Indian domicile status impacts […]

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Submit Your F Gas Report with Expert Auditing

F Gas Auditing: Submit your Report Before the Deadline, Avoid Fines

Are you using fluorinated gases (F-Gases) in your business? If so, you’re not alone. These versatile gases are used in refrigeration, air conditioning, fire suppression, and various other applications. However, due to their potent greenhouse effect, regulations exist to monitor and control their use. This is where your F-Gas report comes in. F gases, including

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Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom to manage your own time and work, isn’t it? But there’s a tricky part to this independence: handling your taxes. It can be a bit overwhelming, and if you’re not careful, you might end up

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Get Your Annual Report Done Right & Fast: The Power of a Company Secretary in the UK

Get Your Annual Report Done Right & Fast: The Power of a Company Secretary

The role of a Company Secretary in the United Kingdom is pivotal in ensuring that a company complies with its legal obligations, maintains accurate records, and operates efficiently. From maintaining statutory registers to filing annual reports, a Company Secretary’s expertise is indispensable. In this comprehensive guide, we’ll delve into the responsibilities, benefits, and importance of

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Navigating Tax Implications for London Freelancers in 2024

Tax Implications of Remote Working for London Employees in 2024

In today’s digital age, remote working has become the norm for many Londoners. Whether you’re a seasoned freelancer or a small business owner running operations online, understanding the tax implications is crucial for both employers and employees. This guide aims to simplify the complex world of taxes for self-employed individuals, freelancers, and small online businesses

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Spring Budget 2024

Spring Budget 2024: Key Changes for Employers and Employees (UK)

The Spring Budget, delivered by Chancellor Jeremy Hunt on March 6, 2024, outlined the government’s plans for tax reform and public spending. This explainer focuses on two key changes relevant to employers and employees: National Insurance contributions (NICs) and the High Income Child Benefit Charge. Lower National Insurance Contributions (NICs) The government announced a reduction

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Tax Benefits of Marriage in the UK: Understanding What Applies to You

Tax Benefits of Marriage in the UK: Understanding What Applies to You

Getting married is a momentous occasion filled with love, commitment, and, believe it or not, potential tax benefits! While financial considerations shouldn’t be the primary driver for marriage, understanding the available tax breaks can be helpful for couples planning their future together. This guide explores the tax benefits associated with marriage in the UK, focusing

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10 Mistakes Londoners Make with Their Property Taxes

10 Mistakes Londoners Make with Their Property Taxes

Property taxes are an inevitable aspect of homeownership in London, and while they may seem straightforward, many Londoners often make mistakes when it comes to managing them. From overlooking exemptions to misunderstanding assessment processes, these errors can lead to unnecessary expenses and headaches. In this guide, we’ll find the ten most common mistakes Londoners make

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Check 5 Signs Your London Business Is on the Right Track

Check 5 Signs Your London Business is on the Right Track

Running a successful business in London requires more than just a goal, it demands a keen eye on financial health and strategic planning. In this article, we will explore the key indicators that suggest your business is on the right track and how partnering with accountants and tax advisors, such as BS Associates, can contribute

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Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families

Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families

Are you a hardworking parent in the UK, striving to make ends meet while juggling the demands of your career and family? Well, we have some exciting news for you! Thanks to the government’s Tax Free Childcare initiative, you can now save up to £2,000 a year on your childcare expenses. In this elaborate guide, we will

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