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Financial Insights and Expert Advice
Join us as we explore the intricacies of accounting, taxation, financial planning, and more. Let’s embark on this journey together
The Spring Statement 2025, introduced by Chancellor Rachel Reeves, comes with a strong focus on fiscal discipline, ...
The UK Budget is a financial statement presented by the Chancellor of the Exchequer. It outlines the government's ...
Marginal Relief helps businesses with moderate profits pay less Corporation Tax. However, if you own multiple ...
As a company director, your Director's National Insurance Contributions work slightly differently compared to ...
Marginal Relief is a tax relief scheme that helps companies reduce their Corporation Tax bill if their profits ...
If you are a UK taxpayer, you will not have to pay tax on your lottery winnings. Whether you win a small sum or a ...
Gambling is popular in the UK, and like many other industries, it is subject to taxation. Whether you run a ...
Betting on horse races is a cherished pastime in the UK. It also forms a significant part of the sports betting ...
With the tax year ending on 5th April 2025, now is the time to review your finances and take advantage of ...
From 6th April 2025, there will be an increase to Employers' National Insurance Contributions. These changes will ...
From April 2025, changes to company size classifications will make financial reporting simpler for thousands of ...
The UK Government takes paying the National Minimum Wage (NMW) and the National Living Wage (NLW) seriously. HMRC ...
The Off-Payroll Working Rules, commonly known as IR35, ensure that contractors pay similar Income Tax and National ...
Companies prepare Statutory Accounts as official financial reports at the end of every financial year. These ...
A Director's Loan Account, commonly abbreviated to DLA, records the money a company director borrows or lends to ...
HMRC introduced the Property Income Allowance as a tax exemption, which allows individuals to earn up to £1,000 ...
HMRC introduced the Trading Income Allowance as a tax exemption, which allows individuals to earn up to £1,000 per ...
The Bank of England has cut interest rates from 4.75% to 4.5%. This marks the lowest rate since June 2023 and the ...
A Time to Pay arrangement is an agreement with HMRC to pay tax debts in instalments, rather than in one lump sum. ...
Professional Clearance is the process of getting approval from a professional body or regulatory organisation to ...
When running a business, you need to understand which expenses you can deduct from your taxable profits. The ...
A Simple Assessment is a tax calculation sent by HMRC. It applies to those who owe tax that cannot be collected ...
Self Assessment forms are used to report income, calculate taxes and claim reliefs. All those completing a tax ...
HMRC uses Self Assessment to collect Income Tax from employed and self-employed individuals. Your employer will ...