Category: Tax Planning
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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.
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Self-Employed Pensions: How To Take Care of Future You
If you’re Self-employed, it’s entirely up to you whether or not you save for your retirement. Unlike employees, who benefit from workplace pensions, you’ll need to set up your own pension plan. There’s good news, though — the Government offers Tax Relief to help boost your pension savings. But how does this work? Let’s break…
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Capital Gains Tax on Property — What You Need to Know
If you’re thinking about selling a property, understanding Capital Gains Tax is essential. This guide explains when you’ll pay it, how it’s calculated, and what reliefs you might be entitled to.
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Understanding Trusts — What They Are and Why They Matter
Trusts aren’t just for the wealthy. In the UK, they’re used for everything from passing on property tax-efficiently to protecting vulnerable family members. This guide explains how they work — and why they matter.
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VAT Made Easy — Your Fun Guide to Value Added Tax
VAT doesn’t have to be complicated. In this guide, we break down what it is, how registration works, and what you need to do to stay compliant — all in plain English.