You also need to make sure you’re up to speed on new legislation that affects tax, payroll, business affairs and employment. Not complying with new legislation and tax regulations, for example, could leave you open to anHMRC investigation. But it’s also an opportunity, as you look forward...
“Even if you have not received such a notice, you may still need to file a tax return if you had a new source of income or capital gains in the last tax year on which you need to pay tax—if so, tell HMRC straight away.” You also need to register for Self Assessment well befo...
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The number of people claiming non-dom tax status climbed around 7.4% before recent proposals to scrap it. In the tax year ending April 2023, 74,000 people were registered as non-doms - up from about 68,900 in the previous 12 months, according to provisional figures published by HMRC. T...
Capital gains tax The essentials of self-employed life To run virtually any kind of business, you’ll need a decent computer or laptop, a reliable internet and phone connection and access to a comfortable and appropriate space from which to work. Be mindful that there can behidden costs of ...
Using accounting software to do tax returns Other helpful resources Glossary What is a Self Assessment tax return? If you’re self-employed, you’ve probably received emails from HMRC reminding you to fill out your Self Assessment tax return before the online deadline of 31st January. “In the...
By getting this money back from HMRC, we have reduced the need for OLT to borrow, helping a great idea come to market faster and more profitably.” If you want to learn more about the R&D tax credit, read our comprehensive guide and find out how your business can benefit....
Strategic Location– With close access to European and Atlantic markets, alongside a large local consumer base, the UK serves as a major financial and business hub. Tax Benefits– The UK’s corporate tax rate is competitive and pro-business, and companies can benefit from various tax relief sch...
Pensions are a long-term, tax-efficient way of saving for the future. There are different types of pensions, each offering flexible ways for you to access your savings from the age of 55 (rising to 57 from 6 April 2028). We’ll take you through the different types of pensions there ar...
On-demand access to invoices wherever you are (i.e. a cloud-based solution) Mobile device accessibility Comprehensive management of both active and passive e-invoicing cycles The ability to handle other document types, such as estimates, pro forma invoices, and shipping documents ...