Tax Form
Understanding the P60: Your Essential UK Tax Form Explained
If you’re employed in the UK, you’ve probably heard of a P60, but what exactly is it, and why is it important for your financial
October 16, 2024
Property Business
UK tax treatment of rent from overseas properties
A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, if they have overseas property
October 15, 2024
Property Business
Using a property company for furnished holiday lets
The current tax regime for furnished holiday lettings has a number of advantages, including the ability to deduct interest and finance costs in full when
October 13, 2024
Tax Implications
Tax implications of building an office for home working
Following the pandemic, flexible working hours are on the increase. This shift has provided employees with the legal right to request flexible working from the
October 12, 2024
Finance & Accounting
Should you dispose of old documents?
Over the past few years, tax enquiries aimed at identifying and correcting errors or deliberate under-reporting in tax returns have increased. HMRC generates substantial revenue
October 10, 2024
Tax planning
Tax planning for trading losses
A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not doing well. A business can
October 9, 2024
Finance & Accounting>Child Benefit
Restarting child benefit claims
Many parents who fell within the ambit of the High Income Child Benefit Charge (HICBC) opted not to receive child benefit, rather than to receive
October 8, 2024
Voluntary disclosure
Making a voluntary disclosure if you have not told HMRC about tax that you owe
There are various reasons why a person may not have told HMRC about the tax that they owe, ranging from a simple oversight to the
October 7, 2024
Finance & Accounting>IR35
Do I need to worry about IR35?
If you provide your services personally to an end client through your own limited company or other intermediary, you may fall within the scope of
October 6, 2024
Tax bill
What can HMRC do if you do not pay your tax bill?
HMRC have a range of powers at their disposal to collect unpaid tax. If you are struggling to pay a tax bill, or know that
October 5, 2024
Property Business
Start of a property rental business
A property rental business will have a start date, and it is important to know when this is. A landlord will normally undertake some preparatory
October 4, 2024
Property Accountant
Find Expert Property Tax Accountants Near You
If you’re a property owner, landlord, or investor, having a knowledgeable property tax accountant can save you time and money. Whether it’s managing capital gains
October 1, 2024
Limited Company
How to Properly Close a Limited Company in the UK?
To close a limited company in the UK, it is essential to follow the proper procedures to ensure full compliance with all legal and tax
October 1, 2024
UTR
Understanding Unique Tax Reference Numbers
What is a Unique Tax Reference Number (UTR)? A Unique Tax Reference (UTR) number is a 10-digit code issued by HM Revenue and Customs (HMRC)
September 27, 2024
Uk Tax Year
Key Dates of the UK Tax Year Don’t Miss These Deadlines
Keeping track of the important dates in the UK tax year is crucial for staying compliant and avoiding penalties from HMRC. Whether you’re self-employed, running
September 22, 2024
Hmrc Scam Letters
Beware of Fake HMRC Letters Spotting Scams Before They Cost You!
Scammers Targeting Taxpayers HMRC scam letters have become increasingly common, with fraudsters attempting to trick people into handing over sensitive information or money. These scam
September 20, 2024
Finance & Accounting>Dividend
A Simple Guide to Tax on Dividends in the UK
Dividends are payments made by companies to shareholders from their profits. The dividend allowance is the amount of dividend income you can receive each tax
September 18, 2024
Finance & Accounting>Company
The company makes a loss can a dividend be paid?
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase
September 17, 2024
Finance & Accounting>Tax Deduction
Are professional fees tax deductible?
As ever, the answer to this question depends on what type of professional fees have been incurred. Professional fees are income and corporation tax deductible
September 16, 2024
Finance & Accounting>VAT
Be aware of VAT bad debt relief
Despite the improving economy, bad debts are still a fact of life for many businesses. HMRC is aware that not all invoices are paid on
September 15, 2024