What is CIS (Construction Industry Scheme)? | How to Register?
Wondering what is CIS (Construction Industry Scheme)? This scheme works similar to PAYE to deduct income tax and NI from the subcontractor’s payment at source.
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Understanding How Dividends are Taxed
Dividends have their own tax rules and their own rates of tax. The rules and the rates apply in the same way regardless of whether
Keeping the Christmas Party Tax-free
Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, they may be a temptation
An Awesome Guide on How To Pay Tax on Savings Interest?
Whether you’re putting aside some money for an emergency, purchase of a house/property or saving for your retirement, you need to pay tax on the
Tax-free Help with Childcare Costs
Childcare costs can be very expensive and any help is welcomed, particularly where you can benefit from that help tax-free. There are various routes by
End of the AIA Transitional Limit – Beware of the Traps
The annual investment allowance (AIA) allows you to claim an immediate deduction against your profits for qualifying capital expenditure up to the available limit. The
Avoiding an Investigation: How does Risk Assessment Work -What do HMRC Look for?
Last year apart, the number of tax enquiries is on the increase; the reason is not that more taxpayers are seeking to defraud the tax
Stamp Duty Land Tax Refunds
The additional stamp duty land tax (SDLT) rate of 3% is payable by purchasers of residential properties costing £40,000 or more and if all of
Distributions on Cessation of a Company
When a company closes down, it may have accumulated monies or assets that need to be distributed to shareholders. If the asset is in the
Profit And Loss Statement – Step-by-Step Guide To Prepare It!
The basics of accounting are essential to understand for business owners to run a business successfully. So, a business owner must focus on the three
Relief for Replacement of Domestic Items
In a furnished let, wear and tear of domestic items is inevitable and there will come a time when the landlord will need to provide
SDLT and Uninhabitable Properties
For many the lure of a renovation project is strong and for those looking to generate rental income, doing up a dilapidated property to let
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