Blogs & News

How to Change Your Accountant? A Step-by-Step Guide Octa Accountants 7 Min Read Aug 31, 2024 Accounting Switching accountants can seem like a daunting task, but it doesn’t have to be. Whether you’re unhappy with your current accountant’s service, seeking more specialised expertise, or just looking for a fresh perspective, changing accountants can be a […]

11 FAQs About VAT Registration & Filing Octa Accountants 7 Min Read Aug 20, 2024 VAT Tax Filing VAT registration and filing is essential if you’re running a business in the United Kingdom. Here, we have answered a list of frequently asked questions (FAQs) about VAT registration and filing.  1. When is VAT Registration Required? […]

How to Calculate VAT on Amazon Sales? Octa Accountants 6 Min Read Aug 8, 2024 VAT Tax Filing VAT is a prerequisite for any business operating in Europe and a major cost driver; thus, knowing about VAT is mandatory for any Amazon seller. For beginners in selling or those who want to expand their business, […]

What are the Inheritance tax Laws in the UK? Octa Accountants 6 Min Read Jun 29, 2024 Inheritance Tax Inheritance Tax (IHT) is of essence to any form of wealth planning and management. Understanding how it works and different exemptions can aid in the process of making proper decisions and planning the minimization of taxes […]

How to set up a personal tax account in 2024? Octa Accountants 4 Min Read June 21, 2024 Self-Assessment Tax Registration of a personal tax account (PTA) requires formation of an individual’s personal tax account that helps in overseeing of taxation affairs in the United Kingdom of Great Britain and Northern Ireland. The Government has […]

What is Odoo Accounting Software & How to use it? Octa Accountants 8 Min Read June 14, 2024 Accounting Software SMBs are usually struggling with the problem of the dispersed and often very ineffective accounting environment. These ad-hoc solutions are often fragmented and lead to duplication, errors, and the need for manual interventions. The intra-organizational […]