BLOGS
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
What is Personal Allowance?
Personal Allowance refers to the amount of income each individual in the UK can earn ...
Countdown to January 31, 2026:
HMRC uses the Self Assessment system to collect Income Tax and requires ...
Does Tax Apply to Marketable Securities?
Yes, tax does apply to Marketable Securities. Marketable securities ...
What is Football Transfer Tax?
Football Transfer Tax refers to the tax implications and regulations surrounding ...
Tax Bands and Rates for 2024/25
This blog aims to break down the current tax bands and rates, personal ...
Holiday Accrual on SSP
When employees are unable to work due to sickness, they may be eligible for Statutory Sick ...
What is a P11D?
The P11D form is used by employers to report expenses and benefits provided to directors and ...
What is the VAT Flat Rate Scheme?
The VAT Flat Rate Scheme (FRS) simplifies the way small businesses manage their ...
What is Corporation Tax?
Corporation Tax applies to the profits of limited companies and other organizations, ...
What is Double Entry Bookkeeping?
Double Entry Bookkeeping is an accounting technique that records each financial ...
Student loans are primarily provided by the government to help cover the cost of higher education. These loans are ...
Marriage Allowance Transfer
Marriage Allowance transfer allows one spouse to transfer a portion of their Personal ...
What is Marriage Allowance?
Marriage Allowance is a government initiative aimed at reducing the tax burden for ...
Trivial benefits are small gifts or perks provided to an employee that costs £50 or less. To qualify as a trivial ...
Tax on Tips and Gratuities
All tips and gratuities, whether received in cash directly from the customer or added ...
High Income Child Benefit Charge
If you or your partner earn over £60,000 annually, you may be subject to the ...
What are Dividends?
Dividends represent a portion of a company's profits that the company distributes to its ...
What is Net Profit?
Net Profit is the amount of money that remains from a business' revenues after all operating ...
What is Gross Profit?
Gross Profit refers to the total revenue subtracted by the cost of goods sold (COGS). These ...
What is Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) is a tax deduction system in ...
Payments on account are advance payments towards your tax and, where relevant, your Class 4 National Insurance bill. Read More
7th June VAT Deadline
The 7th June marks the due date for VAT returns and payment for the quarter ending 30th ...
HMRC use the Self Assessment system to calculate and collect tax on Rental Income. For landlords that earn more ...
Chattels and Their Tax Implications
Chattels are legally defined as 'tangible movable property', also referred to ...