Tag: accounting tips
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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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Surviving an HMRC Audit: What Triggers Investigations and How to Prepare
Worried about a potential HMRC audit? Learn what triggers an investigation, how to stay off HMRC’s radar, and what to do if you get that dreaded letter.
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Claiming Expenses When You’re Self-Employed — Your Fun Guide to Keeping More Cash
Are you a Self-Employed Superstar? Perhaps you’re a Freelance wizard, or a small Business owner. One thing’s for sure, though — you want to keep as much of your hard-earned cash as possible. And guess what? You can do just that by claiming allowable business expenses. Let’s dive into the fun world of the expenses…
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How to Prepare for the End of the Tax Year (Without the Panic)
As the end of the tax year approaches, are you starting to experience a familiar sense of dread? You’re not alone. A great many small business owners and Self-Employed people feel just the same. The thought of gathering paperwork, crunching numbers and filing taxes can be overwhelming. It’s not as bad as it seems, though.…
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Making Your Tax Return Easier — Four Tips That Will Help You
Are you stressing over your Self-Assessment Tax Return at the moment? If you’ve been efficient and got it done with months to spare, you’ll be fine, but all those who’ve left it to the last moment must be having sleepless nights. So, what do you need to remember, not only to reduce the stress now, but to make the process simpler for…
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Don’t Be Late Filing Your Self-Assessment
It’s that time of year again. You know — that time when, after eight or nine months of “meaning to get around” to filing your Tax Return, you suddenly realise you haven’t done it yet, and the deadline’s nearly here. So how can you make sure you get your Return in by the 31st this…
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Navigating the Complex World of Tax Compliance for Small Businesses
Running a small business in the UK comes with many responsibilities, and tax compliance is one of the most critical areas that demand attention. Failing to stay on top of your tax obligations can lead to penalties and unnecessary stress, but with the right approach, it’s entirely manageable. Here’s a guide to help you understand…