SA302 and Self-employed Income Verification: What’s the connection?
SA302, does it sound like a fighter jet? Well, it’s a tax statement that provides evidence of your self-employed income issued by […]
Owing a Property Through Limited Company or Sole Trader- Which is Better?
Renting or owning a property helps grow the monthly income stream. Moreover, the value should increase to offer a boost after retirement. […]
HMRC online services: A Brief Guide to Managing Your Taxes Online
Tax management has not been this simple in past years. In the past, you had to collect hundreds of pieces of paper […]
A Festive Take on Trivial Benefits: Tips for Directors
Christmas is approaching, the best time for directors of limited companies to treat their teams with tax-free perks. Thanks to the HMRC […]
Personal Savings Allowance: What Is It?
The personal savings allowance is the interest-earning on your savings in a tax year. It usually lies between the 6th and 5th […]
Self-Assessment Errors: How to Smartly Avoid Them?
Self-assessment season can be overwhelming for every self-employed. To stay compliant and avoid hefty taxes, filing on time is necessary. However, making […]
TikTok to 31st January: Millions Still Need to File Self-Assessment
It’s the first month of the new year, a stressful time for UK Self-Assessment filers. With just 22 days left, HMRC has […]
Missed Your Confirmation Statement Deadline? Here’s How to Fix It
For any UK-registered company, filing confirmation on the due date is the key responsibility. If yours is pending, don’t worry; it’s something […]
Pay Yourself as a Sole Trader: How to Manage Finances and Put Aside Tax?
Being a sole trader means you are not employed and need a salary or wage in a traditional sense. So, as a […]
Is it Legal for a Director to Withdraw Funds from a Company Account?
As a director running your limited company, you may be confused by the following question: Is it legal for a director to […]
A Festive Take on Trivial Benefits: Tips for Directors
Are you also concerned about the tax on Christmas gifts? Thanks to the HMRC trivial benefit allowance, Christmas got more exciting without […]
Landlord Tax Return Example: Everything You Need to Know
Being a landlord several responsibilities, including completing the annual tax return. If you earn money by renting your property, you must inform […]