Emergency Tax Code
What is an Emergency Tax Code? If you receive an abnormally large pay packet due to bonus’ or share incentives, often people are annoyed when HMRC take an abnormally large amount of tax from [...]
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A guide to going Self-employed
The UK’s budding entrepreneurs find themselves in a very advantageous position. Many of us hold dreams of running our own business, and when those dreamers start to take steps to realize their [...]
Sole Trader Tax
Introduction to Sole Trader Tax Sole trader tax is a levy paid by an individual on the business profits of the company. Sole trader tax rules are the same as an individual paying income tax. Some [...]
How online invoicing software can help your business thrive?
Online invoicing software automatically generates invoices so you can get paid on time. Invoicing software produces a list of products & services, formulates their corresponding cost and sends it [...]
Do I require a self-assessment tax return?
Perhaps you've heard of self-assessment tax returns, but what do they involve, and how do you determine if you're required? If you're unsure what a self-assessment tax return is or if [...]
VAT Schemes for Small Business
One of the most important decisions a small business will face is choosing a suitable VAT scheme. Making the correct choice will save you valuable time and money while improving the cash flow of your [...]
Claiming Tax Refund from HMRC
HMRC work hard every year to collect the right amount of tax from UK based businesses and employees. So, when you call and try claiming tax back, HMRC does not give it up easily. That being [...]
Taxes on Money Transferred to UK from Foreign Country
It is very easy to pay tax on income if you are earning only from UK and not from any other country of the world whereas it is considered that an individual may face difficulty in paying UK tax in [...]
