10 min read The Spring Statement confirmed billions in spending cuts, which could have a ripple effect on the economy, including the rental market. With landlords still adapting to tax changes from the 2024 Autumn Budget, these new measures may bring added financial pressures. For property investors, understanding how these cuts might impact rental demand, […]
Category Archives: Taxation
30
Apr
Apr
10 min read This year, HMRC has been particularly active in sending out P800 letters, with many households receiving notifications of refunds ranging from a few pounds to several hundred. With the cost of living crisis continuing to impact households across the country, these refunds could provide a much-needed financial boost for many. In this […]
27
Mar
Mar
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 […]
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:
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