Category: Tax Planning
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Trivial Benefits & Staff Gifts – What You Can (and Can’t) Give Tax-Free
Find out what HMRC allows as a tax-free gift under the Trivial Benefits rules. Learn the £50 limit, director restrictions, common mistakes, and how to avoid unexpected tax charges.
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How Foreign Income Is Taxed in the UK: A Guide for Residents
If you’re a UK resident earning income from abroad — dividends, rental, trading, or foreign gains — you may need to declare it to HMRC. This guide explains how UK tax rules apply and how to avoid paying tax twice using double taxation relief.
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Making Tax Digital: A beginner’s Guide for the Self Employed
New to MTD? This blog explains what Making Tax Digital is, how it works, and how to get started — in plain English for self-employed and landlords.
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Business Expenses – What You Can and Can’t Claim (UK 2025)
Confused about what business expenses you can claim in 2025? This guide breaks down HMRC rules for UK sole traders and limited companies, with tips to avoid common mistakes.
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Making Tax Digital (MTD) for Income Tax: Your Step by Step Guide for 2026
MTD for Income Tax is on its way. From April 2026, self-employed people and landlords earning over £50k must report quarterly using software. This guide explains who’s affected, how it works, and what you should do now
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The Difference Between Capital and Revenue Expenses on Your Rental Property.
Not all property expenses are treated the same for tax. Learn the key differences between capital and revenue expenses, what you can claim, and when to report them — so you don’t fall foul of HMRC rules.
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Sole Trader vs Limited Company — Which is Better for Tax?
Choosing between a Sole Trader and a Limited Company affects your tax, liability, and business structure. This guide breaks down the pros and cons, tax rules, and how to decide what’s right for you.
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Top Ways to Legally Pay Less on Your Self-Assessment Tax Bill
Nobody wants to overpay tax — especially when there are legal ways to reduce your bill. From expense claims to pensions and the Trading Allowance, here’s how business owners can pay less tax while staying on HMRC’s good side.
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Why Do People Leave Their Tax Returns Late?
Many business owners delay their tax returns until it’s almost too late. Here’s why — and how filing early can save you time, stress, and money.