Tag: Tax compliance
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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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Capital Gains Tax on Property — What You Need to Know
Are you thinking of selling a Property? Whether it’s a second home, a Rental flat or a Property you’ve inherited, Capital Gains Tax (CGT) might be waiting around the corner. You can avoid surprise bills by understanding when CGT applies, how much you might owe and what reliefs are available. You might even be able…
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Understanding Trusts — What They Are and Why They Matter
When it comes to estate planning and protecting your wealth, Trusts are among the most powerful tools available. Many people shy away from them, though, thinking they’re only for the wealthy, or that they’re overly complicated. In fact, Trusts can benefit a wide range of people — from parents wanting to provide for their children…
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Making Tax Digital for the Self-Employed: April 2026 Changes What You Need to Know
From April 2026, the way Self-Employed individuals report their income to HM Revenue & Customs (HMRC) will change significantly. This is due to the Making Tax Digital (MTD) for Income Tax initiative, which will apply to you as a Self-Employed person, so it’s crucial to understand both what this means for you and how to…
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The Benefits of Proactive Tax Planning
Nobody likes a surprise tax bill. Whether you’re Self-Employed, a Freelancer or a Business Owner, proactive tax planning can save you money, reduce stress and keep your finances in check. Instead of scrambling to meet deadlines or dealing with last-minute tax shocks, planning ahead ensures that you take full advantage of whatever deductions, allowances and…
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VAT Made Easy — Your Fun Guide to Value Added Tax
VAT (Value Added Tax) might sound complicated and scary, but there’s no need to hide behind the sofa. We’re going to break it down into bite-sized pieces. Whether you’re just starting out or looking to brush up on your tax knowledge, this guide will help you navigate the world of VAT with ease and confidence. …
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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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Help from an Accountant — Why It’s One of the Best Decisions You’ll Ever Make
So why should you need an Accountant? After all, isn’t hiring an Accountant something only mega-corporations or millionaires do? Well, no. Even if you’re a Freelancer, Self-Employed, a Landlord or a small business owner, an Accountant can save you time, money and stress. Possibly even your sanity 😊. Still not convinced? Let me break it…
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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…