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Resources & Knowledge

Will I have to pay taxes on my State Pension?

Will I have to pay taxes on my State Pension?

Article

State Pension is a weekly income which most people get from the UK government when they reach a state 

How to do
Amazon
accounting?

Article

When you start your e-commerce business as an Amazon seller you should be confident enough with 

Article

When you are selling your property you just do not want to get rid of it, you want to maximize your profits and at the same time 

Uber Drivers and taxation

Article

If you are working for Uber you are not considered their employees. You are working as a self employed person as you set your own

Article

Entrepreneurs relief which is now known as Business Asset Disposal Relief is one of the reliefs available to the business owners and the 

Article

You need an accountant not only because they will do your accounts but having an accountant who is dependable 

Article

In simple words the directors loan is a loan that a director takes from its company (which is a separate legal entity). Since it is a “loan”

Article

The way you run your business online depends on how big the business is. If you are not trading on a regular basis then it might be just 

Article

In the previous article we talked about things you need to consider when choosing a business structure when you are starting your 

Article

If you are an employer running a payroll for your employees make sure that you pay income tax and National Insurance on their behalf.

4 reasons why I should Submit my tax return early

Article

If you run a property business you have 2 options to consider: you can either run as a sole trader or you can incorporate your property business.

Article

The landlords whose income from the properties for example if their rental income exceeds £10 000 per year, they are required to switch 

Article

Crypto assets also known as cryptocurrency and tokens is a digital currency which can only be used over the internet. 

Article

If you are self-employed or an incorporated company it’s very important that you stay on top of your finances. You should be aware 

Best accounting
firms
in Croydon

Article

When choosing an account you should look for an accountant’s qualifications and experience. If they are qualified they will be associated 

Article

The chancellor announced major tax cuts on Friday as he believes that it will boost the economy. He comes with the

Article

When we are in any kind of a business we are looking for ways to save taxes. Tax is a cost which cannot be avoided but there are ways 

Article

The bonus you will get is considered your earnings so you will be taxed in the same way as your income. You will 

Article

There can be different reasons as to why you want to close your limited company. This could be because one of 

Article

When we are filing our self assessment tax return we need to make sure that we claim as much reliefs as we can when we are reporting 

Deadline for Reporting Capital Gains tax - Do I have to report them with the Self assessment Tax Return?

Article

Each time you sell something on which you are liable to pay Capital Gains Tax you have to report it to HMRC. There are different reporting 

Article

If you are self-employed or an incorporated company it’s very important that you stay on top of your finances. You should be aware 

Property Income - How should I declare it to HMRC?

Article

If you own property which you are renting and you are earning a significant amount of income in the form of rent 

I want to set up a trust, will it reduce my Inheritance tax bill?

Article

The answer is Yes it will. This is because when you set up a trust and transfer your assets which could be your property, land, money, 

Article

Many e-commerce businesses who are selling on Amazon, find it hard to understand VAT rules on their 

My UK VAT responsibilities if I am selling online on Amazon

Article

If you are selling online you might be selling directly to a customer who is not VAT registered, to a business customer who is VAT

Inheritance Tax planning and Business Property Relief?

Article

There can be different reasons as to why you want to close your limited company. This could be because one of 

Uber Drivers and taxation

Article

When you are buying a new house when you already own one you have to think what are you going to do with your house

Article

If you are working through an umbrella company you should make sure that you have the right employment contract.

Article

If you are thinking of starting a business the first thing that should come to your mind is profitability even if this is your side business. 

Article

DO I HAVE TO PAY NATIONAL INSURANCE CONTRIBUTIONS? Yes you will be paying National Insurance Contributions

Article

When you are selling an asset, you should keep in mind that you will have to pay a chunk of tax to the HMRC. When you sell 

Article

The new VAT policies make sure that the international trade between EU and non-EU states is made easy. As an IOSS registered 

Article

If you are a private limited Company and your company’s financial year end is December 2021, you need to file your annual 

4 reasons why I should Submit my tax return early

Article

If you run a property business you have 2 options to consider: you can either run as a sole trader or you can incorporate your property 

Article

If you are selling your goods online this means that you are attracting customers from EU and Northern Ireland. If your business 

I own a property - how can I reduce my Inheritance tax bill?

Article

If you own a house, it is part of your estate for inheritance tax purposes and inheritance tax should be paid on it when you die at

Online Tutor - What expenses can I claim and what taxes do I pay?

Article

If you are thinking of starting online tutoring you should be well aware of the taxes that the taxman expects you to pay. HMRC expects

Running my side business as a Sole trader or a Limited Company? Which one will be more tax efficient?

Article

There is no one answer to this question. Either of the business structures can be tax efficient; it just depends on your individual tax 

Tax due in July as a sole trader - payment on account

Article

If you are self-employed running your own business as a sole trader you will have to pay your income tax through a self assessment tax 

I have crypto currency. Will I be paying taxes on it?

Article

How you will be taxed on the cryptocurrency will depend on the nature and use of the crypto asset or the crypto currency 

Employee Benefits and what are the related taxes?

Article

The announcement in the budget that the income tax thresholds and the personal allowance will be frozen for next few years isn’t seen

Online Selling - What is my Corporate Social Responsibility?

Article

When we are setting up our business, we often go through our checklist of legal responsibilities such as registering our company 

Social Influencer- How are paid posts, endorsements and other freebies taxed in the UK?

Article

With the increase in the use of social media there is an increase in the form of marketing known as ‘ influencer marketing’ 

The Company is offering me car benefits - will I be able to pause if the circumstances change such as covid-19?

Article

The combination of salary and benefits in kind (BIK) often referred to as “perks” is what makes an attractive salary package these days.

Stamp Duty Land Tax (SDLT) surcharge and the non-resident UK property buyers

Article

If you are a non resident interested in buying a residential property in the UK you should be aware that from 1 April 2021 

Article

When you are selling your property you just do not want to get rid of it, you want to maximize your profits and at the same time 

Uber Drivers and taxation

Article

If you are working for Uber you are not considered their employees. You are working as a self employed person as you set your own

Article

Entrepreneurs relief which is now known as Business Asset Disposal Relief is one of the reliefs available to the business owners and the 

Article

You need an accountant not only because they will do your accounts but having an accountant who is dependable 

Article

In simple words the directors loan is a loan that a director takes from its company (which is a separate legal entity). Since it is a “loan”

Article

The way you run your business online depends on how big the business is. If you are not trading on a regular basis then it might be just 

Article

In the previous article we talked about things you need to consider when choosing a business structure when you are starting your 

Article

If you are an employer running a payroll for your employees make sure that you pay income tax and National Insurance on their behalf.

4 reasons why I should Submit my tax return early

Article

If you run a property business you have 2 options to consider: you can either run as a sole trader or you can incorporate your property business.

Article

The landlords whose income from the properties for example if their rental income exceeds £10 000 per year, they are required to switch 

Article

Crypto assets also known as cryptocurrency and tokens is a digital currency which can only be used over the internet. 

Article

If you are self-employed or an incorporated company it’s very important that you stay on top of your finances. You should be aware 

Best accounting
firms
in Croydon

Article

When choosing an account you should look for an accountant’s qualifications and experience. If they are qualified they will be associated 

Article

The chancellor announced major tax cuts on Friday as he believes that it will boost the economy. He comes with the

Article

When we are in any kind of a business we are looking for ways to save taxes. Tax is a cost which cannot be avoided but there are ways 

Article

The bonus you will get is considered your earnings so you will be taxed in the same way as your income. You will 

Article

There can be different reasons as to why you want to close your limited company. This could be because one of 

Article

When we are filing our self assessment tax return we need to make sure that we claim as much reliefs as we can when we are reporting 

Deadline for Reporting Capital Gains tax - Do I have to report them with the Self assessment Tax Return?

Article

Each time you sell something on which you are liable to pay Capital Gains Tax you have to report it to HMRC. There are different reporting 

Article

If you are self-employed or an incorporated company it’s very important that you stay on top of your finances. You should be aware 

Property Income - How should I declare it to HMRC?

Article

If you own property which you are renting and you are earning a significant amount of income in the form of rent 

I want to set up a trust, will it reduce my Inheritance tax bill?

Article

The answer is Yes it will. This is because when you set up a trust and transfer your assets which could be your property, land, money,