Every January, thousands of self-employed individuals and business owners face the same sinking feeling after seeing their tax bill. Many treat tax as an afterthought, and when the deadline finally arrives, the funds needed to settle the bill have long disappeared into everyday business and living costs.
Taxation
Tax on Shares: A Complete Guide to Capital Gains Tax on Shares
Capital Gains Tax (GCT) refers to the tax applicable on the profit or gain you make when disposing off an asset that has increased in value. When it comes to shares, the gain is calculated as the difference between what you paid for them and what you are receiving when selling or transferring them.
What Can I Claim as a Business Expense in the UK? A Complete Guide
Being a business owner in the UK means you have to understand how to navigate allowable expenses and how to reduce your taxable profit by making correct claims.
Tax Efficient Investments – Smarter Ways to Save Tax Without High-Risk Schemes
You’ve built a portfolio for growth but have you built one that outsmarts taxes? One of the most frustrating aspects of investment is seeing a big chunk of your returns go to tax.
Private Pension Tax Relief Explained
A private pension scheme is a way for you to have a long-term saving plan that is separate from state pension. This pension plan follows throughout your work life and helps you save and live a comfortable retired life. One of the most powerful incentives to contribute to private pension is the Private Pension Tax […]
Benefits of Being VAT Registered
Value-Added Tax (VAT) is a consumption tax applied on most of the goods and services sold in the UK. Currently, the standard rate is set at 20%, along with a reduced rate of 5% and 0% on certain goods and services. This VAT is collected by businesses on behalf of HMRC. When a business is […]
