Welcome to our guide on unincorporated business tax in the United Kingdom. In this article, we will explore the key aspects of this tax that every self-employed individual, sole trader, and partnership should be aware of. The HMRC (Her Majesty’s…
Late filing with Companies House can have serious implications for businesses. It is a legal requirement for all companies, regardless of their size or nature of business, to file their accounts and reports every year. Failure to do so can…
If you’re wondering how to work out tax and NI contributions, a tax calculator can be a useful tool. The HMRC tax calculator allows you to estimate your income tax and National Insurance contributions for the current tax year. Whether…
In the realm of UK tax, the SA302 form holds a pivotal role. Essentially, it is a document issued by HM Revenue and Customs (HMRC) that provides a summary of an individual’s income for a particular tax year, along with…
Stamp Duty Land Tax (SDLT) is a tax levied on property and land transactions in the UK, including those involving limited companies. Understanding how SDLT applies to limited companies is crucial for anyone involved in property transactions, whether you’re a…
When you’re self-employed, it’s important to understand how to claim self-employment on your taxes in order to maximize your deductions and take advantage of tax credits. You might be wondering: how do I claim self employment on taxes? Well, it’s…
Are you looking for effective strategies to reduce your corporation tax bill in the UK? Managing your corporate taxes can be a complex process, but with the right planning and knowledge, you can optimize your tax liabilities and improve your…
Are you a self-employed individual looking to file your taxes? Understanding the process of filing self-employment taxes can seem daunting, but it doesn’t have to be. In this easy guide, we will walk you through the step-by-step process of filing…
Welcome to our comprehensive guide on Business Asset Disposal Relief (BADR), a valuable relief for entrepreneurs in the United Kingdom. BADR is a Capital Gains Tax (CGT) relief that reduces the rate of tax paid on the disposal of business…
Welcome to our guide on how to avoid capital gains tax in the UK. Understanding and managing your capital gains tax liability is essential for any investor or property owner. Capital gains tax is incurred when you sell or dispose…