Each year, like clockwork, over 10 million people are legally bound to do one essential thing in the UK. That is, to submit their self-assessment tax return. Yet, every year, there are a significant number of people who miss the deadline. Their reason may be legitimate or maybe it’s just ignorance on their part. In […]
In the world of property business, it is challenging to manage your finances. There are many expenses to consider and plenty of taxes to pay. Luckily, there exists a reduction in your tax bill in the form of relief. Taking advantage of that relief to minimise the amount of tax you owe is a skill. […]
Ever heard someone say, ‘the best thing about rock bottom is that you could never go any lower’? Well, the rock bottom of finances is no different. If you have reached a point of insolvency, your debt problems are the worst they could get. Your only choice after such a point is declaring bankruptcy. While […]
Let’s go back to the 2018, the year the UK Government decided to consider new expenses businesses sustained. Not just any expenses, but those incurred on non-residential structures and buildings. They granted a tax relief on specific assets that did not qualify for capital allowances. That is how Structures and Buildings Allowance came into being. […]
In the UK, the terms closing the company and close company are completely different. It has no effect on sole traders or LLP. The only one affected are private limited businesses. Now, you may wonder what is a close company and who are the participators? This guide will help you understand a close company, the […]
You might wonder if it is ideal to loan money to your company. Perhaps the better option is borrowing money from your company through a director’s loan. As a company director, you may have to face this predicament. To understand this, you must know what are the rules when paying back a directors loan. Before […]
We all need financial advice to get by in this complicated world. It helps us protect our assets and feel secure. After all, who does not like a long-term plan for themselves and their beloved family? How can you get strong financial advice? Well, by hiring a financial adviser, of course! Let’s discuss the 10 […]

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