Tips, Tricks & Tax Blog
Selling company assets to yourself
December 2, 2024
Business owners often wear multiple hats, from managing day-to-day operations to making complex strategic decisions. Among these decisions may be selling company assets to yourself. ...
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Trading and Property Allowances
October 25, 2024
Two new allowances – the trading allowance and the property allowance – were introduced in 2017. Applying from the 2017/18 tax year onwards, this self-assessment ...
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Self Assessment Deadline 2023/24
October 8, 2024
For the 2023/24 tax year, taxpayers choosing to submit a paper tax return must ensure it reaches HMRC by the deadline of 31 October 2024. ...
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Tax Relief on Electric Cars for UK Self-Employed Business Owners
August 6, 2024
Are you a UK self-employed business owner considering an electric vehicle for your operations? If so, understanding the tax relief available on electric cars could ...
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Start-up advice for small businesses
June 6, 2024
Knowing how to manage your finances is one of the most crucial areas on which you need to concentrate. It's not simply a case of ...
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Is it worth getting an accountant to do your tax?
February 6, 2024
It’s no secret that tax can be confusing. However, there is a misconception that, if you need to file a self-assessment tax return, you must ...
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What is Capital Gains Tax?
December 11, 2023
While most taxpayers understand that their income is subject to Income Tax, many are not so certain how to treat a sale of a capital ...
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What is a tax return?
July 13, 2023
This article offers a comprehensive look at tax returns for individuals and companies, answering key questions such as what is a tax return, when returns ...
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Becoming a Limited Company: Essentials Guide
April 10, 2023
Transitioning from a sole proprietorship or partnership to a limited company in the UK is a key step in your business journey. Operating as a ...
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Corporation Tax: What is it and what you should know
November 16, 2022
This guide takes you through the fundamentals of Corporation Tax in the UK, helping you make sense of a core component of business taxation and ...
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