Heighten Accountants
The UK hospitality industry is currently facing significant shifts in employment costs, driven by recent National Insurance (NI) changes, increased minimum wages, and rising operational expenses. These changes place additional pressure on restaurants, bars, and hotel...
As a self-employed professional individual, managing your own finances can make you feel a bit overwhelmed sometimes. Whether you are a freelancer, sole trader, or an independent contractor, it is crucial to keep accurate financial records. This guide will bre...
In the UK, it is a general rule that as a landlord, you are only taxed on your net rental profits rather than your total rental earnings. You can calculate your net rental profits through this formula: Net Rental Profit = Gross Rental Income – Allowable Expense...
If you are a landlord in the UK, and are thinking about selling your property, an essential part of this process includes assessing the Capital Gains Tax (CGT) applied to your sale. CGT is calculated only on the Profit made from selling your property, not on the full...
As a landlord, you have to pay various types of taxes subjected to your properties. One of these taxes is subjected to rental income as well. All rental income that you earn from your UK properties is taxable and has to be reported to HMRC through the Self-Asse...
In recent years, the trend of buying properties through a limited company has grown and has become very popular among landlords and property investors. This trend is especially appealing to people who want to optimise their tax position and build an expandable ...
