Tax Issues

Buying a car through limited company

Things to Consider when Buying a Car Through Limited Company

Considering buying a car through a limited company? At first, it may seem an appealing idea for saving a great amount of tax, however, there are many complications and business tax implications that you need to be aware of. Buying a car through a business would only be beneficial to you as per your circumstance. …

Things to Consider when Buying a Car Through Limited Company Read More »

tax implications of taking money from a limited company

Tax Implications of Taking Money from a Limited Company for Home Office

Due to COVID-19, numerous people are shifting towards WFH (work from home). Operating from home is benefiting people in reducing the overall expenses. This encourages people to start their businesses. When working from home as a limited company, there are many tax reliefs provided by the HMRC. This blog will let you know about the …

Tax Implications of Taking Money from a Limited Company for Home Office Read More »

What is Net Pay? Net Pay Vs Gross Pay

What is Net Pay? Net Pay Vs Gross Pay – Definitions & Formulas

Do you know what’s being deducted from your annual salary and what is progressing to be your take-home pay? So, it is essential to understand what is net pay and how it differs from gross pay to help you oversee your funds and make several goals for increasing profits and developing a career. This article …

What is Net Pay? Net Pay Vs Gross Pay – Definitions & Formulas Read More »

paying capital gains tax on gifts

How to Avoid Capital Gains Tax on Gifts? – Gifting Property

While gifting property to someone, you’ll need to pay the Capital Gains Tax(CGT) on gifts if the value of the property increases since you bought it. It’s like you sold your property for a benefit, then took that cash and gave it to someone as a gift instead. Gifting property to your loved ones is …

How to Avoid Capital Gains Tax on Gifts? – Gifting Property Read More »

HMRC Voluntary Disclosure

HMRC Voluntary Disclosure – Your Guide to HMRC Voluntary Disclosure

Managing your business’s finances can be extremely difficult, and there are numerous opportunities to make inadvertent tax report errors. Business owners and managers who don’t want to end up with a headache in managing finances should run to Cheap Accountants in London to get the job done. If there comes a time when you realise …

HMRC Voluntary Disclosure – Your Guide to HMRC Voluntary Disclosure Read More »

HMRC tax investigation.

What Causes HMRC Tax Investigations Against Self Employed?

Taxes are a bane of many taxpayers’ existence, but filing the right documents is never as straightforward as it seems. When errors are found in your records, they can catch the HMRC’s attention and result in an unwelcome HMRC tax investigation. This often results in a myriad of costly consequences for businesses, so you can …

What Causes HMRC Tax Investigations Against Self Employed? Read More »

taxpayer identification number

What is Taxpayer Identification Number (TIN) ?

A taxpayer identification number (TIN) is a combination of unique characters, provided by the tax authorities to individuals and entities for tax purposes. TIN is provided to identify a person or entity to administer the government’s tax laws. Most countries issue this number for the proper management of their tax affairs.   However, there are …

What is Taxpayer Identification Number (TIN) ? Read More »

Stamp Duty on Residential Property

All you Need to Know About Stamp Duty on Residential Property

It’s important to note that Stamp Duty on Residential Property puts a limit on the number of gardens that have been excluded from the main residence. People who have big gardens or land may want to pay attention to details.   Know What’s Allowed? The stamp duty on residential property legislation allows grounds up to …

All you Need to Know About Stamp Duty on Residential Property Read More »