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Pre-Year End Tax Planning Opportunities 2022
We appreciate 2021 has been another challenging year as we have been putting one foot in front of the other, so putting money aside or looking to reduce your tax probably couldn’t have been further from your mind. However, as the 5th April 2022 approaches, we don’t want you to miss out on the relevant…
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Pre-Year End Tax Planning Opportunities 2021
After the 2020 we have had, I am sure many of you are further than you have ever been from being able to put money aside or otherwise reduce your tax. However, we don’t want you to miss out. Therefore, please find below our top ten tips for you to consider to reduce the amount…
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Ten Top Tips For Completing Your Self-Assessment Tax Return
It’s that time of the year again… Tax Return season. It’s like Christmas, only better. Or maybe not. The deadline for filing your 2019/2020 (year ending 5th April 2020) Tax Return online is 31st January 2021, or 20 days away. Payment of your taxes is 31st January 2021, unless your tax liability is in excess…
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Xmas 2020
Like 2020 as a whole, Xmas 2020 is going to look a bit different to how you would traditionally have chosen it to be with both your friends, family and business. From yesterday, with the new tiering systems coming into effect, there are even more restrictions with what we can and cannot do, as we…
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The Ultimate Guide to Filing Tax Returns and Expense Claims
This guide covers everything you need to know, register for, prepare for and organise so you can file a timely and accurate tax return and make sure your expense claims are legitimate. Whether you’re a small business or individual, or even a company that owns property, we’ll guide you through what you need to keep…
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Employing Your Spouse – How to Make the Most from An Unused Tax Allowance
When you are self-employed, whether that be as a contractor, sole trader, agency worker or director of your own limited company, it is beneficial to maximise your tax allowance and bring your tax down to a manageable level that allows you to grow the business and make it profitable enough that you can afford to…
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How can I incentivise my key staff?
One of the biggest headaches of an entrepreneur is building and retaining a great team, who understand your vision, and are able to consistently deliver what and how you want them to. Whilst there are lots of opportunities here, the focus of this article is shares. This is because they can be a way to…
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Can I save taxes and the planet at the same time?
News stories of environmental disasters, demonstrations in central London and even the recent hot summer have made us aware of the importance of playing our part in protecting the environment. The good news is that your business may be eligible to benefit from tax relief by participating in schemes encouraging businesses to go green.
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Should my business be VAT registered?
VAT, or Value-Added Tax, is a consumption tax, where the tax is applied to the purchases of goods and services of taxable supplies. It is seen as a regressive tax because it impacts the poorer more than the rich, due to the higher propensity to spend of the former group. Initially modelled on the EU-framework,…
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Help: I’ve been made Redundant – the Tax Implications
One thing’s for sure, this is a difficult time for everyone involved, so the last thing you need is Accounting and Tax rules making things even more difficult than they need to be. The rules here are not that simple, but with the right advice, they don’t need to make the process any harder, for…