Over the last year UK savers have finally been in a position to earn some interest on their savings, but how is interest income taxed, and how can you maximise the tax free element of what you receive? 🤔
If you meet certain criteria or have flexibility in how you structure your income, then you can potentially enjoy up to £18,570 of your income completely tax-free!! 🥳
Are You Struggling to Meet Your Tax Obligations?
More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.
And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.
With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.
Hands up if you have heard talk of Marriage Allowance? 🙋🏽♀️ Not exactly a reason to say ‘I do’ but definitely a little gem of
Which is the best legal entity for a brand new freelancer business? It’s a question we are often asked, sole trader vs limited company, which
Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?
If this sounds like you, it seems you are not alone.
More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…
We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…
This article explores the ‘associated companies rules’ which came into effect alongside the new corporation tax rules from 1 April 2023.
I was asked last week for my top tips for anyone who has not yet managed to complete their own self-assessment tax return for the
We were recently approached by The Fermenter’s Guild to write an article for their members on the top things to consider when setting up or
If you have ever wondered why business break even analysis is important, this short article and video will help you understand exactly that, and of
When to register for VAT should be a straightforward question. However, there are a lot of questions to ponder before you take the plunge. For
What business expenses can I claim through my limited company is one of those questions we are asked throughout the year. And as Christmas approaches
At last the clocks have gone forward, days are becoming longer and some warmth is in the air (well, almost, although it didn’t feel like
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