HMRC impose penalties for a number of self-assessment issues, including late filing and payment, and tax return errors. These penalties can signal the start of cash flow problems, as well as bringing businesses to the attention of HMRC. There may…
Category: Business Tips
The Ultimate Guide To Capital Gains Tax
Capital Gains Tax (CGT) is tax that’s payable on any profit made after selling assets. It is declared and paid through your Self Assessment tax return. Assets that are subject to Capital Gains Tax if sold at a profit include:…
How To Claim Motoring Expenses
If you're self-employed and own a car you'll probably have some motoring expenses which can be used in your annual accounts in order to reduce your tax bill. Claiming your motor expenses can be a little trickier than most of…
The Ultimate Landlord Tax Guide
If you asre a landord, you'll need to pay income tax on the rent you receive from your properties. This guide explains how you calculate what you pay and how income tax is applied to rental income. How much tax…
5 Important Record Keeping Tips for Small Businesses
Most small business-owners are so eager to jump behind the wheel of their business and start doing things “my way” that they often overlook the process of record keeping...
Tax Tips For Content Creators (YouTube, Twitch, Instagram, TikTok etc.)
In todays ever increasing digital world more and more people are creating content either as a hobby or as part of a new profession, this can range from writing a blog, creating their own YouTube channel or by live streaming…
Read More Tax Tips For Content Creators (YouTube, Twitch, Instagram, TikTok etc.)
How to register with Companies House guide
One of the most important steps when setting up your business is to register your new company (or partnership) with Companies House. This can seem like a daunting prospect however it is a relatively simple process providing you have the…
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