Common Deductible Business Expenses
No-one wants to pay more tax than they need to. Consequently, it is important to keep good records of business expenses so that deductible expenses
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.
Is There Stamp Duty On Commercial Property?
Stamp duty on commercial property is difficult to understand for people due to the varying rates at different times. Many people in the United Kingdom
How to Claim PIP (Personal Independence Payment) Successfully?
There is a high chance for you to get a personal independence payment (PIP) in case you are struggling with a mental health condition, disability,
Tax Relief For Bad Debts
Bad debts are a fact of business life and most businesses will suffer a bad debt from time to time. This may be because the
Capital Allowances for Cars
Capital allowances are a mechanism for providing tax relief for capital expenditure. Relief is generally given in the form of a writing down allowance, although
Involuntary Strike-Off: What Can You Do?
The registrar of companies has the power to strike a company off a register if the registrar has reasonable cause to believe that the company
What are Limited Company Dividends and How are they Taxed?
Limited Company Dividends come with earnings as well as some costs (taxes). Many limited companies are not aware of the tax-efficient ways of getting dividends
How to Claim the IHT Transferable Nil Rate Band
For inheritance tax (IHT), there are potentially two nil rate bands available. The first – the nil rate band – is available to everyone and
What is a Tax Rebate / Reasons Why You Could Be Due A Tax Rebate?
What is a tax rebate and why you could be due a tax rebate? This question might be surprising to you as you might have
What is a P11D? Everything You Need to Know
Are you wondering what is a P11D form and how to use it? As an employer, you might need to go through the complexities of
Post-Cessation Receipts and Expenses – Tax Treatment
Sometimes a business may have ceased trading but then receives income or incurs expenses that have not been included in the final cessation accounts e.g.
Are Bank Charges VATable? Simple Explanation for UK Businesses
In the UK, banks provide various services for private individuals and businesses relating to financial transactions. However, it is essential to know which services are
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