10 min read The UK tax year-end, falling on April 5th, is a critical deadline for all taxpayers, and landlords are no exception. With the clock ticking, it’s imperative to get your financial affairs in order to avoid penalties and, more importantly, optimise your tax position. Failing to prepare can lead to missed tax relief […]
Category Archives: Taxation
28
Feb
Feb
10 min read The rise of the internet has democratised entrepreneurship, leading to a surge in side hustles and online businesses. From selling handmade crafts on Etsy to offering freelance services, individuals are finding new ways to generate income. However, this digital gold rush has also brought to light the issue of undeclared online income, […]
28
Jan
Jan
10 min read Are you a freelancer in the UK? Are you confused about how to handle your taxes and finances? Don’t worry! This blog post will explain the Self Assessment process for freelancers. Understanding Self Assessment is essential to help you meet your tax obligations and follow HMRC rules. If you want to manage […]
05
Nov
Nov
10 min read Chancellor Rachel Reeves delivered the Autumn Budget 2024, which included tax changes and spending measures to stimulate the economy and support businesses and households. Here’s a breakdown of the critical measures impacting landlords and small businesses in the UK. Tax changes impacting landlords: 1. Stamp Duty Land Tax (SDLT) changes New rates […]
30
Oct
Oct
10 min read If you’re a UK landlord, you need to pay rental income tax on all annual gross property income over £1,000 (your property allowance). In case you haven’t been paying the tax you owe, whether because of a lack of knowledge about your liability or other factors, you have the opportunity to rectify […]
17
Jul
Jul
Understanding and navigating the complex ecosystem of the construction industry and the tax landscape is a crucial responsibility for contractors. The Construction Industry Scheme (CIS) tax deductions can be overwhelming, but mastering them is necessary for accurate tax filing and avoiding penalties. This knowledge empowers contractors, giving them control over their financial responsibilities. It’s […]
19
Mar
Mar
In this blog post, we discuss the key takeaways from the UK Spring Budget 2024 that small businesses should consider, with a special focus on landlords.
16
Nov
Nov
There are several top-notch tax return software solutions that can help you file your taxes quickly and are fully compliant. Check out the list:
21
Mar
Mar
The Spring Budget Statement for 2023 builds on the stability created by last year’s announcements. It focuses on working towards achieving three of the five pledges made by UK Prime Minister Rishi Sunak: halving inflation, reducing debt, and growing the economy. The government aims to influence society through tax and financial systems, particularly by […]
17
Nov
Nov
Today, the Chancellor of the Exchequer, Jeremy Hunt outlined a series of sweeping measures to include tax changes and hidden tax increases, and cuts to Government spending. We highlight the main points below which will affect us all, and if you have any specific questions about these matters, please do not hesitate to contact […]
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