Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed. Everyone has a personal allowance, but what does this mean for you? A personal allowance is the amount of money you are allowed ...
READ MOREAre you a business owner who wants to gain a more in-depth insight into annual accounts? These accounts are often known as business accounts and are important in order to ensure your business runs successfully. What are annual accounts? Annual accounts provide ...
READ MOREAs a business owner, the financial health of your company plays a key part in every decision you make. Management accounts are a great way to review the financial standing of your company, allowing you to make any necessary alterations and ...
READ MOREAre you thinking about ways to grow your business but are unsure of where to start? Look no further. In this post, we will tell you our top tips on how to get started with growing your business. Concerns you may have ...
READ MOREA furnished holiday let (FHL) is a particular type of rental property classification in the UK. If your property qualifies as an FHL, it is classed as a ‘trade’ by HM Revenue & Customs (HMRC), meaning you are entitled to various tax ...
READ MOREAre you planning on treating your staff or clients this Christmas? Christmas gifts can be subject to tax, so it is important to understand these tax rules this festive season. Do gifts count as taxable income? Christmas presents paid in cash to ...
READ MOREFor most small businesses, Christmas is the busiest time of the year, having a large impact on yearly revenue. In fact, companies expect to make two-thirds of their annual profits over the festive period, despite current economic uncertainty. According to a recent ...
READ MORETaking on debt may make you feel worried, but while debts are often viewed negatively, they can actually have many benefits for the future of your business. Debt can help manage cash flow and can also help you achieve your long-term ...
READ MORELandlords are being targeted by HM Revenue & Customs (HMRC) over what appears to be undeclared rental income or income related to residential property. HMRC’s Wealthy External Forum sent 606 letters to landlords who have submitted deposits into a tenancy deposit scheme, questioning ...
READ MOREWith current economic difficulties, it is crucial to ensure that you have a detailed business plan. As inflation rises, you should consider how to modify your business. What is a business strategy? A business strategy is a plan for your company ...
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