What taxes do landlords have to pay in the UK? By being well informed about their tax obligations, landlords can minimise their tax liability, maximise their profits, and ensure compliance with HMRC regulations. Reach out to one of our professionals to get to know about what taxes do landlords have to pay in the […]
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In April 2023, the National Will Register reported that 42% of adults in the UK had not made any provisions for their estate distribution in the event of death. This leads to individuals having no control over how the estate is eventually distributed and increases the likelihood of a high inheritance tax (IHT) charge suffered
Where There’s a Will…There Could be Tax Savings! Read More »
What are tax deductions for influencers? Influencers play a pivotal role in society by creating engaging content and connecting with their followers. However, the unique nature of influencer business and income means that they have specific tax obligations and deductions in the UK. In this discussion, we’ll take a deep dive into the tax deductions
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In this discussion, we will analyse how to claim driving lessons on tax and see if we can claim it on our tax return. Let’s start with a quick overview of the driving lesson tax deduction. Driving a vehicle is an expensive activity in the UK, and the cost of professional driving lessons can be
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Wondering about when is the tax return deadline? In the UK, self-assessment tax returns are normally due to HMRC at the end of the tax year. However, as with most things, there are some exceptions and special procedures. If you file a self-assessment tax return, you may not have filed it by the normal deadline
When is the Tax Return Deadline? Read More »
To address your query on what is a higher tax bracket in the UK start by clarifying what a “higher tax bracket” is. A higher tax bracket refers to a tax level that applies to incomes above a certain threshold. In the UK, tax rates are structured in brackets, with different tax rates applied to
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Wondering how many accounting firms are there in the UK? Accountancy is a widely established and crucial sector that plays an essential role in the UK’s economic landscape. Accounting firms are accountable for providing a range of services. Such as bookkeeping, tax compliance, payroll processing, audit, and consulting. This is to provide oversight and accountability
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How to claim tax back on the van? Claimed vehicle expenses are eligible for tax relief in the UK. This includes tax deductions for business-related expenses, such as car finance payments, car leasing payments, and van purchases. Whether you can claim back tax on your van depends on a few factors. Including how the van
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Worried about how to claim your SEIS tax relief? Claiming SEIS tax relief is a valuable and powerful tool for small businesses in the UK. The SEIS tax relief scheme provides significant financial support to small companies wanting to invest in their current or growing businesses. This support can provide vital financial relief and help
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Wondering about when is the tax deadline for expats? For those living abroad in the UK, taxes can be a highly confusing and complex subject. Exiting the UK does not remove their tax residency status and, therefore, they may still need to pay taxes in the UK. The process can be incredibly convoluted depending on
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