Filing bankruptcy is not cheap. The cost of bankruptcy can add up with filing fees, bankruptcy trustees’ fees, credit counselling fees, and attorney fees. Therefore, it is always better to think twice before filing bankruptcy. Contact Doshi Outsourcing, f...

Post-Brexit, there will be many more intricacies to the already-complex rules and regulations. Very few accountants or VAT department members would be experts in foreign VAT recovery process

Accountants now find that they need to change their entire approach towards accounts and their processing.

The director's loan account (DLA) is to keep track of the money that the director either borrowed or lend to your company. If the amount borrowed by the company from the director is greater then the lending amount, then the DLA is in credit. If the lendin...

Accounting companies have to face numerous challenges daily to provide services smoothly to their clients, out of all the accounting procedures, payroll processing is highly challenging and requires more attention.

Cashless Payments in this pandemic situation have influenced contactless payment in the UK. Businesses are getting more acquainted with cashless payment due to the COVID-19 Pandemic. In 2020, the top 5 cities where contactless payments have increased by m...

Accounting insolvency can be a much bigger matter for the companies to find the way through as it often involves long-term issues. If fixed assets have declined in value and the company needs to liquidate them to pay the overdue amount, it might run into...

Bookkeeping outsourcing is getting common due to several reasons. While not complicated it is a time taking but very essential service for a business. Buy to Let Landlords are no exceptions. Whether you let out a residential property or commercial propert...

Effective risk management is not everyone’s cup of tea. You need an accountant who has proper professional experience along with a good track record.

Do you have contracts with customers for minimum commitment period? Are your customers subject to termination fees for withdrawal? Then these updates are relevant to you.

Due to a cumulative need for law firms, the LPO market is experiencing a proliferation of growth in the market to standardize their services by keeping their expenses to the lowest.

The extended furlough scheme will be more benevolent towards employers for employers need not mandatorily bear 20% of the burden as they were doing with the furlough grant set to 60%. It has now gone back to 80% from the government for employees on furlou...

All unnecessary expenditures can be saved by hiring virtual bookkeeping services.

You do need up-to-date financial information to conduct your business smoothly, so you will need to hire a virtual accountant or bookkeeper.

This scheme also is more of a job’s protection scheme where wages of workers will be topped up a bit like the Coronavirus Job Retention Scheme, but that is where the similarity ends.