tax Saving tips

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 …

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how to pay yourself from a limited company

How to Pay Yourself from a Limited Company?

There are a lot of benefits for operating a limited company. From limited liability to various tax benefits attract many people towards a limited company rather than a sole proprietorship. Being a separate entity, the finances of the limited companies belong to the business, not individuals. It means that a person cannot withdraw money from …

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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 …

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Taxes in the UK

Is It Possible for Small Business Owners to Save on Taxes in the UK

Who doesn’t want to save on taxes in the UK? Everybody does, especially small business owners. Before you think about ways not to pay tax legally, stop—because that’s never going to happen. What is possible is to save tax legally in the UK, and the best way to do that is through a proper tax …

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