What is normally a reliable estimate of your taxes – the amount of money withheld from your paychecks by your employer – may be an unreliable estimate this year thanks to the current pandemic. Even worse, using the safety net of paying in what you did last year may not be practical if your financial […]
Just 12 months ago in the UK, Boris Johnson was waving a Manx kipper above his head in a ‘Brexit’ bid to win the Tory leadership race. Whether or not this played a part in his victory or the subsequent election result, the Isle of Man like the UK is now having to prepare for […]
While the way we work is evolving, each individual is shifting towards new values in their own careers. Employees are now looking for something extra from their jobs; it’s not enough to offer up a high salary, there needs to be something that sets you apart from your competitors. As an organisation which is known […]
Working remotely is, of course, very different from running a business from a stable, bricks and mortar location. It opens up plenty of new opportunities but it can also come with challenges – one of those is keeping your back office running smoothly while you work from anywhere and everywhere in the world. So, how […]
Vietnam has garnered international praise for its swift and effective response to the COVID-19 outbreak. Although the country is not immune to the global economic downturn, its prospects for recovery remain positive and are the brightest among Asian countries. This view was also shared by the financial service firm UBS in a research note. Vietnam’s economy shows positive signs […]
Tax, Accounting, and Audit in Vietnam 2020, the latest publication from Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store. A strong understanding of tax liabilities enables foreign investors to maximize the tax efficiency of their investments while ensuring full compliance with all tax laws and regulations. Vietnam Briefing’s […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Alan Drummond of Douglas Home and Co. Alan has joined IR as our exclusive Accounting Services member in Scotland. Douglas Home & Co are based across Scotland and Northern England, with offices in Edinburgh, Kelso, Melrose, Haddington, Alnwick, Selkirk, Penrith and Hawick. The […]
Vietnam’s government issued Decree 58/2020 ND-CP (Decree 58) for employers in specific industries that allow them to reduce their Social Insurance (SI) contribution for the occupational diseases and accident category. Decree 58 comes into effect on July 15. Eligibility under Decree 58 Businesses that operate in the specific sectors under the occupational diseases and accident category are […]
We’ve put together a mini series of videos that are aimed to give guidance on a number of topics – this week we discuss “What is a Trust?”. We’ve put together a mini series of videos that are aimed to give guidance on a number of topics – this week we discuss “What is a […]
A lot of people may be surprised, for different reasons, to find that they owe an estimated tax payment to the federal government this month. Those who usually file estimated tax payments may be surprised to learn that the estimated tax payment deadline has been postponed to July 15 due to coronavirus relief. Those who […]
Vietnam’s new Law on Tax Administration 38/2019/QH14 will take effect on July 1, 2020. Under the new law, tax authorities have been granted additional enforcement powers. At the same time, the new law has made it a little bit easier for both individuals and entities to file taxes. The authorities are expected to provide five decrees and […]
Small business owners, self-employed workers, and freelancers received some welcome news when Congress recently passed the Paycheck Protection Flexibility Act. This new law clarifies how businesses can qualify to have all or a portion of its Paycheck Protection Program (PPP) loan forgiven. Here is what you need to know: December 31, 2020 is the new […]