Tax & Accountancy Archives | NOMADS ACCOUNTING https://nomadsaccounting.com/tax-accountancy/ Accounting & Advisory Services For Digital Nomads Mon, 25 Mar 2024 09:50:45 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://nomadsaccounting.com/wp-content/uploads/2019/12/cropped-1.NEW-NA-LOGO-2020-ICON-512X-V3.0-32x32.gif Tax & Accountancy Archives | NOMADS ACCOUNTING https://nomadsaccounting.com/tax-accountancy/ 32 32 Does the 4% Rule Still Apply for Retiring Early in the Current Financial Markets? https://nomadsaccounting.com/tax-accountancy/does-the-4-rule-still-apply-for-retiring-early-in-the-current-financial-markets/ Sun, 07 May 2023 03:56:23 +0000 https://nomadsaccounting.com/?p=5493 Retiring early has been a dream for many people. To retire early and maintain the same standard of living, one needs to ensure that they have enough money saved up to sustain them throughout their retirement. One popular rule that has been used as a guideline for retirement planning is Read more…

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Why High Inflation is Good for Digital Nomads: Leveraging Geoarbitrage Strategies in Lower Cost Places https://nomadsaccounting.com/tax-accountancy/why-high-inflation-is-good-for-digital-nomads-leveraging-geoarbitrage-strategies-in-lower-cost-places/ Sat, 06 May 2023 14:40:50 +0000 https://nomadsaccounting.com/?p=5396 As digital nomads, our world is one of constant movement and perpetual adventure. We’re always seeking new experiences and exploring new opportunities, both personal and professional. One of the most exciting aspects of the digital nomad lifestyle is the ability to live and work from anywhere in the world. We Read more…

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10 South Korean Companies You Would Not Expect to be Using DALL·E 2 https://nomadsaccounting.com/tax-accountancy/10-south-korean-companies-you-would-not-expect-to-be-using-dall%c2%b7e-2/ Sat, 06 May 2023 14:07:35 +0000 https://nomadsaccounting.com/?p=5355 DALL·E 2, an AI-powered image generator developed by OpenAI, has become a sensation in recent months for its ability to generate realistic images from text descriptions. While the technology has been widely embraced by creative professionals and tech enthusiasts, it has also found unexpected users in industries that may seem Read more…

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What Can I Expense as a Location Independent Entrepreneur with a Wholly Owned UK Limited Company Structure? https://nomadsaccounting.com/tax-accountancy/what-can-i-expense-as-a-location-independent-entrepreneur-with-a-wholly-owned-uk-limited-company-structure/ Thu, 04 May 2023 02:31:02 +0000 https://nomadsaccounting.com/?p=5241 As a location-independent entrepreneur with a wholly owned UK limited company structure, there are various expenses that you can claim as business expenses. Claiming business expenses can help you save on taxes and reduce your overall business costs. In this article, we will discuss the different types of expenses that Read more…

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Countries with lower corporation than UK https://nomadsaccounting.com/tax-accountancy/countries-with-lower-corporation-than-uk/ Thu, 04 May 2023 02:31:00 +0000 https://nomadsaccounting.com/?p=5240 Countries with Lower Corporation Tax than UK Corporation tax is a type of tax imposed on companies based on their profits. It is a significant source of revenue for most countries, which can then be used for public services and infrastructure development. The United Kingdom (UK) is known for having Read more…

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How to Sell Your UK Property from Abroad: A Detailed Guide on Steps Required and Capital Gains Tax Implications https://nomadsaccounting.com/tax-accountancy/how-to-sell-your-uk-property-from-abroad-a-detailed-guide-on-steps-required-and-capital-gains-tax-implications/ Thu, 04 May 2023 02:30:56 +0000 https://nomadsaccounting.com/?p=5237 Selling a UK property from abroad can be a challenging process, but it doesn’t have to be. With the right preparation and knowledge, you can successfully sell your property and avoid any potential tax issues. In this article, we’ll provide a step-by-step guide on how to sell your UK property Read more…

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How to Do Quarterly UK VAT Reporting Under the Flat Rate VAT Scheme https://nomadsaccounting.com/tax-accountancy/how-to-do-quarterly-uk-vat-reporting-under-the-flat-rate-vat-scheme/ Thu, 04 May 2023 02:30:49 +0000 https://nomadsaccounting.com/?p=5232 Introduction If you’re a small business owner in the UK, you may have opted to use the flat rate VAT scheme to simplify your VAT reporting. Under this scheme, you pay a fixed rate of VAT on your sales, and you don’t need to track the VAT on your purchases Read more…

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How to change from a scottish tax resident to a english tax resident https://nomadsaccounting.com/tax-accountancy/how-to-change-from-a-scottish-tax-resident-to-a-english-tax-resident/ Thu, 04 May 2023 02:01:20 +0000 https://nomadsaccounting.com/?p=5193 How to change from a scottish tax resident to a english tax resident after moving to london for work If you have moved to London for work and are now considered a tax resident of England, you will need to update your tax status accordingly. Here are the steps to Read more…

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When Markets Collide https://nomadsaccounting.com/tax-accountancy/when-markets-collide/ Thu, 04 May 2023 01:50:22 +0000 https://nomadsaccounting.com/?p=5170 When Markets Collide: Practical Applications and Real-life Examples of Using the Latest Software and Technology Developments Since the release of Mohamed El-Erian’s book ‘When Markets Collide,’ the world has undergone significant changes in technology and software. This has opened up new opportunities for practical applications of the principles and guidelines Read more…

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Scottish landlord legislation https://nomadsaccounting.com/tax-accountancy/scottish-landlord-legislation/ Thu, 04 May 2023 01:50:09 +0000 https://nomadsaccounting.com/?p=5163 As experts in Scottish landlord legislation, we understand that keeping up with the latest laws and regulations can be a daunting task. That’s why we’re here to provide you with all the information you need to stay compliant and protect your investment. Firstly, it’s important to understand the basics of Read more…

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