In an era where the gig economy is thriving and side hustles have become a common means of supplementing income, understanding the tax implications of your additional earnings is paramount. As of 2024, the UK has introduced new tax laws…
At Kara Accountants, our commitment is to simplify and streamline the accounting experience for our clients. We understand that accounting isn't everyone's favourite task, and we aim to make it as pleasant as possible. With the advent of the Making…
The General Data Protection Regulation (GDPR) is a comprehensive data privacy regulation that was enacted in the European Union in 2018. While it primarily governs the handling of personal data within the EU, it has far-reaching implications for businesses worldwide.…
In the ever-evolving landscape of business and finance, staying informed about the intricacies of taxation is crucial for business owners, entrepreneurs, and financial professionals alike. One significant aspect of the UK's taxation system is corporation tax – a levy imposed…
The housing market can be a complex and volatile landscape for potential buyers and sellers. This means that making well-informed financial decisions is crucial and they need to know how to navigate the housing market wisely. In this blog, we…
Financial management is an essential aspect of running a successful business. Unfortunately, many businesses make common financial mistakes that can hurt their bottom line. In this blog post, we will discuss five common financial mistakes that businesses make and how…
There’s no such thing as too organised, especially when it comes to your business or personal finances. The start of a new tax year is the perfect time to assess your finances and make sure you are setting yourself up…
Internet banking, also known as online banking or e-banking, has revolutionized the way people manage their finances. With internet banking, you can perform a wide range of banking transactions from the comfort of your home or office, without the need…
Hiring an accountant can be beneficial for individuals and businesses in a variety of circumstances. However, we understand it can be difficult to recognise when an accountant is needed, especially when you’ve never needed one before. Here are some situations…
A payslip is a document that details the amount of money an employee has earned in a given period of time, usually one month, and the deductions that have been made from their pay. Understanding your payslip in depth is…