UK accounts and tax

R&D claims can be a trouble for businesses which dont understand when they are eligible to apply. There will be penalties if claims prove wrong. So employer should understand properly what is scientific or technological uncertainty. Any internal improvements in processes or product will not be considered R&D until it has an impact on overall industry Surveys or free samples to check the market demand of the product is not R&D Improving the appearance of product just to make it attractive for users is not R&D unless required to adapt to R&D changes From 08 Aug-2023, Claim Notification form has to be submitted to support claims

HMRC Scams 💀 HMRC never use social media or whatsapp to offer tax rebates Or asking for financial or personal information If you get a call 📞 asking to press any number say 1 to make a payment for the lawsuit HMRC is filling against you HMRC sends text messages but never ask for personal or financial information HMRC never send emails 📧 for tax refunds or rebates. If the email contains any link then dont click on it. It may direct you to the form asking for personal and financial information To report any suspicious activity you can report phishing@hmrc.gov.uk. More details are available here about how scams and how to deal with them

Passing papers will not give you a good job you have to ask many questions to yourself  - Whats your IQ and EQ? Are you mature enough to deal with problems in your life? When you will be in practical life you have to handle both work and personal life pressure. And if you are doing job during studies then you have to handle this as well. - What type of job you want? What type of expertise you have developed from ACCA? - When you are doing ACCA you should know that you can be tax accountant, auditor, business development consultant, banker or businessman. Select what you want to be and then research how to reach at your desired level. When you have answers to all these questions then you better know how many papers you need to pass and which skills you need to get ready for the job.