As an individual service provider or business owner, you will need to undertake filing a Self Assessment tax return. Your business must be in full compliance with the tax laws, which can apply in various ways depending on the size of the company you are running and the exemptions your industry is eligible for. […]
Author Archives: Team Golding
04
Oct
Oct
As a landlord, your property is your most valuable asset. Letting out residential and/or commercial property is a great way to make passive income. However, navigating all the tax requirements related to reporting income tax on rental properties and capital costs can be tricky – unless you have a landlord accountant. In this blog, […]
23
Sep
Sep
As the UK enters a new era under the tutelage of Liz Truss, the country’s recently-elected PM, Chancellor of the Exchequer Kwasi Kwarteng unveiled the Mini Budget on September 23, 2022 with the promise of boosting economic growth. In a Commons statement, popularly dubbed as the “mini budget,” he agreed how the high tax […]
14
Sep
Sep
The new MTD ITSA guidelines have been complicated for many to grasp fully, even for accountants. To combat this, HMRC has been offering clarifications at intervals and recently hosted a boot camp for landlords and sole traders to answer their questions. For busy landlords, especially those just getting used to the MTD system, we […]
23
Aug
Aug
The digital economy might have dominated the world, but by no means have all businesses subscribed to it. Even today, many companies rely heavily on paper-based processes, while their digital component consists mainly of Excel sheets with rows upon rows of data. In accounting, paper-based practices can lead to serious errors that can raise […]
22
Aug
Aug
A cash flow statement is what captures the details of how a business is earning and spending its cash. If that were not enough reason to have one for your own business, investors almost always ask to see cash flow statements in addition to balance sheets and P&L statements before funding you – an essential […]
29
Jul
Jul
When you are running a business and bent on creating and delivering the best product or service you can, payroll management may seem like one of those pesky admin things that can be done later. However, without a robust payroll management system, there are all kinds of fines, penalties and even lawsuits you could […]
20
Jul
Jul
The UK government is committed to bringing its tax system entirely online through the Making Tax Digital (MTD) initiative. With a phased rollout already underway, it is described by the HMRC as “one of the most digitally advanced tax administrations in the world” that commits to “transform tax administration so that it is easier for […]
29
Jun
Jun
Influenced by a chronic undersupply, rising demand for property in the UK and the turbulence of the last two years owing to the pandemic, long-term forecasts for property investing are incredibly optimistic. We could see the UK home prices grow by 21.5% by 2025. On the other hand, JLL, the real estate and investment […]
15
Jun
Jun
In 2016, the then Chancellor, George Osborne, introduced a stamp duty surcharge of 3% on purchasing buy-to-lets and second homes. That means the 3% slab tax is based on the whole property price and payable on top of the standard stamp duty applicable. Secondly, in 2017, the government began withdrawing the total tax relief […]
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Or, email us at info@wearegolding.com
Or, email us at info@wearegolding.com
