Blogs

A Complete Guide About The Self Employed Pension UK

A Complete Guide About The Self Employed Pension UK

In the UK, self-employed individuals often find retirement savings to be an exceptionally difficult task. Individuals who operate their businesses...
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A Complete Guide On How To File Self Assessment Tax Return

A Complete Guide On How To File Self Assessment Tax Return

Filing your self-assessment tax return isn't impossible if you know how to perform all the legal proceedings. Through a system...
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What is the Difference Between Annual Return and Annual Accounts?

What is the Difference Between Annual Return and Annual Accounts?

“Annual return vs Annual accounts” is a confusing statement for many business owners, especially those who are new to company...
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Failure to Notify HMRC of Self-Employment: Avoid Penalties and Fines

Failure to Notify HMRC of Self-Employment: Avoid Penalties and Fines

People who are self-employed in the UK have to notify HM Revenue and Customs (HMRC) about their self-employed status. Although...
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What is the Self-Employed Teacher Tax Owed to HMRC?

What is the Self-Employed Teacher Tax Owed to HMRC?

Are you unsure of how self-employed teacher tax is calculated? A self-employed teacher's monthly income can vary greatly, as is...
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Top 5 Self Employed Tax Deductible Expenses

Top 5 Self Employed Tax Deductible Expenses

In this article, we cover self employed tax deductible expenses. Allowable expenses might lower your self-assessment tax liability if you...
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How Legally Do You Avoid CGT On Gifted Property? A Guide

How Legally Do You Avoid CGT On Gifted Property? A Guide

One of the largest concerns when determining whether you should gift property as a gift to family members or relatives...
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What is the Company Car Tax, And How Can it Be Reduced?

What is the Company Car Tax, And How Can it Be Reduced?

The company gives an employee a car for both work-related and personal travel also called fleet car. It might serve...
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What Is A Tax Code? How Do They Work? Complete Guide

What Is A Tax Code? How Do They Work? Complete Guide

HMRC may owe you money or you may owe them money if you are on the incorrect tax code, but...
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A Best Guide To Understand What Is Paye On Payslip​

A Best Guide To Understand What Is Paye On Payslip​

There are many cuts that you can see on your payment, and "paye" is one of them. You came to...
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How To Update HMRC Payslip Tax Code | A Complete Guide

How To Update HMRC Payslip Tax Code | A Complete Guide

Everything you need to know about the HMRC payslip tax code and why it can allow you to get cash...
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What is P60? Why is it Important? Why is it Needed?

What is P60? Why is it Important? Why is it Needed?

What is p60? The P60 form, which summarises an employee's total compensation and tax deductions for the fiscal year, is...
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What is Back Pay on Payslip​?

What is Back Pay on Payslip​?

Late pay can occasionally be confusing to both employers and employees in the UK. Whether a late payment is the...
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Best Self-Employed Allowable Expenses Guide Overview

Best Self-Employed Allowable Expenses Guide Overview

The majority of self-employed individuals, such as independent contractors, freelancers, and sole traders, are required to pay income tax on...
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A Complete Overview of the Non-Resident Landlord Scheme

A Complete Overview of the Non-Resident Landlord Scheme

Whether you are a non-resident landlord or a renter, we go into greater depth about the non-resident landlord scheme (NRLS)...
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A Complete View of the Construction Industry Scheme Guide

A Complete View of the Construction Industry Scheme Guide

The main purpose of the Construction Industry Scheme (CIS), a significant part of the tax system in the United Kingdom,...
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The Best Guide to Get to know About the Flat Rate VAT Scheme

The Best Guide to Get to know About the Flat Rate VAT Scheme

The majority of people will know what VAT is. It's possible that many are unaware that one-third of all fiscal...
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A Complete Guide to Pensions for Directors in the UK

A Complete Guide to Pensions for Directors in the UK

Pensions for directors in the UK are the most important component of starting a business. This blog post will describe...
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Understanding What is a Salary Sacrifice Scheme in the UK?

Understanding What is a Salary Sacrifice Scheme in the UK?

Although the salary sacrifice scheme may seem odd, it's a fantastic way for workers to save money by utilising their...
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What are the Allowable Limited Company Expenses in the UK?

What are the Allowable Limited Company Expenses in the UK?

Are you looking for a complete list of allowable limited company expenses in the UK? Then, here is a blog...
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What are the Tax Brackets UK?

What are the Tax Brackets UK?

Let's dive into the intro of our discussion about tax brackets in the UK. Tax brackets are an essential part...
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