Whether you’re a small business owner, a freelancer, or simply need help managing your personal finances, finding the right accountant is crucial. A local accountant
HM Revenue & Customs (HMRC) offers tax relief on travel and subsistence expenses for employees who work temporarily away from their usual workplace. This is
Small businesses in the UK can benefit from a variety of tax relief schemes that aim to reduce their tax liability and increase growth. Understanding
As a landlord, periodically you will need to undertake work on your property. This may simply involve fixing a leaky tap or redecorating, or the
For many businesses, initial set-up costs are low with just an internet connection, smartphone and a laptop. Invariably, funding for expansion or to purchase specific
Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, it is important that all allowable expenses are
Earlier this year, HMRC wrote to wealthy taxpayers who had not submitted tax returns for 2020/21 and/or 2021/22. A letter was sent where the taxpayer
Class 2 National Insurance contributions are flat rate contributions which for 2023/24 and earlier tax years are payable by the self-employed where their profits exceed
There are three ways in which former students with student or post-graduate loans can make loan repayments: Students will normally start making repayments from the
A Second job can be an excellent way to earn extra income, pursue your passions, and gain more flexibility. So Having a second job as
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers
Children may have their own income. This may be in the form of savings income on accounts that they hold or, for older children, income
If you have room on your drive, you may be able to earn additional income by letting out one or more parking spaces. This can
The way in which you operate your business determines the taxes that you pay and also your reporting obligations. If you work for yourself and
A Payment on Account (PoA) is an advance payment towards your tax bill in the UK. It helps spread the cost of your tax liability,
The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income for the first
HMRC has not been getting good press lately. Time spent waiting for a tax refund, an answer to a letter or for over an hour
Landlords with furnished holiday lettings (FHLs) face an uncertain future. At the time of the Spring 2024 Budget, it was announced that the tax regime
To qualify for a full state pension, you need 35 qualifying years. You can earn these through paying National Insurance contributions or being awarded National
As a sole trader in the UK, paying yourself is straightforward, but it’s essential to understand the process and manage your finances effectively. Here’s a
