What is Making Tax Digital for Income Tax (MTD ITSA)?
Making Tax Digital (MTD) is HMRC’s flagship initiative to modernise the UK tax system through digitalisation. It’s part of a broader push to reduce tax...
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What Expenses Can You Claim if You’re Self-Employed?
When you’re self-employed, you take on a lot of responsibilities. And when you’re busy looking after clients, providing a service, chasing invoices and keeping everything...
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When Is The Self Assessment Tax Deadline?
If you’re self employed, a landlord or have untaxed income, you’ll need to complete a self assessment tax return. But when is self assessment due?...
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Do I Need An Accountant For My Limited Company?
Bookkeeping, tax filings, UK law compliance – all of them are some financial responsibilities of setting up and running a limited company. You can do...
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A Guide To Sole Trader Tax Returns
A sole trader in the UK needs to submit a Self Assessment tax return when your income exceeds £1,000 in a tax year pre-tax relief....
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Do I Need An Accountant As A Sole Trader?
As a sole trader, you have a lot to manage, from day-to-day operations to financial administration. One frequently asked question is: Do I need an...
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How To Reduce Corporation Tax: 10 Essential Tips
Limited companies in the UK pay corporation tax, and this is a large expense, but there are lots of ways to mitigate this. Such understanding...
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What Are The Penalties For Filing A Late Tax Return?
For many individuals and businesses, it is an important duty to file a self-assessment tax return. But, you may end up in a difficult situation...
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Does A Sole Trader Need To Register For VAT?
If you are a sole trader, then keeping on top of your VAT (Value Added Tax) commitments is crucial for ensuring that you manage your...
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Bookkeeping For Small Businesses: A Starter Guide
Bookkeeping for every small business is key to achieving a picture of your financial health. Messy records lead to missed expenses, lost invoices and worse...
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