Limited companies in the UK are obliged to pay corporation tax on their earnings. But what is a corporation tax, when is corporation tax due, what are its rates, and when you need to pay it? We'll discuss all these points in this blog. Check out...
If you're an independent contractor and want to save taxes, you should work through a limited company. This process tends to be productive for those contractors who're considered to be outside the Intermediaries Legislation (IR35). On contrary, if you are caught inside IR35, most probably...
In a perfect world, business owners would all have healthy businesses that brought in steady profits. However, this is much easier said than done. Realistically, businesses will encounter problems that may lead to losses. These losses may be attributed to the business being very young...
In today’s blog, we’re going to delve deep into capital gains tax, when you need to pay it, what its rates are and what are the ways for avoiding capital gains tax on property UK. What is Capital Gains Tax (CGT)? Capital gains tax is levied on...
One of the most attractive investments nowadays is buy to let property, but you need to consider many things before buying such a property. Our top tips for investing in buy-to let-property will be of great help. As the name suggests, the buy-to-let property is the...
Nowadays, there has been a significant change in the income that people can earn. Years before, a salary of £100,000 is hard to achieve even in a year. Thanks to the workforce's innovative trends today, many people are now making a higher base income of...
Introduced in 2013, Annual Tax on Enveloped Dwellings was aimed at controlling the indirect ownership of residential properties in the UK. Indirect ownership refers to owning a property by a non-natural person like a company or corporate body. As people used to hide their properties...
One of the most common and important questions many company directors ask is this — how does one reduce Corporation Tax Bill through allowable expenses? For many business owners, dealing with your company's finances can be incredibly daunting, especially when taxes come into the picture. When...
You can't get rid of capital gains tax (CGT) while selling or disposing of your assets. But still, there are some strategies through which you can save your capital gains tax. Whenever you gift an asset, you have to pay CGT as it's considered disposal...
OK! So someone has advised you to buy shares of a profitable UK company to earn some money time after time. If you have followed it, indeed, you have made a great decision. This amount is called a dividend and you’re a shareholder. But you...
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