how to get sa302

How to Get SA302 from HMRC If you’re Applying for a Mortgage?

Nowadays, almost every lender will demand the SA302 form to find out your income and tax you have submitted in the past years. In this blog, we’d be exploring why lenders are asking for an SA302 form, and how to get SA302 from HMRC while applying for a mortgage. But before moving forward, you should …

Read More
should i register for vat

VAT: What you need to know when running a small business?

It’s something normal to see VAT (value-added tax) with your daily used items. But do you know the importance of VAT to small businesses? Do you need to charge it? You might be wondering – should I register for VAT or not? We have the answer for all in this short blog. Find the best …

Read More
how to value a business

How Do You Value a Business Based on Turnover?

By valuing your business, you get to know its financial status through which you can make better business decisions for the future. Despite, the fact that business valuation is a complicated process. Yet, we’ll make it easy for you by discussing how to value a business based on its turnover. Let’s find out the answer! …

Read More
How Much Can You Earn Before Paying Tax

How Much Can You Earn Before Paying Tax?

You are liable to pay income tax when your gross income reaches a certain threshold. But, a personal allowance might save you from income tax to some extent. Moreover, you need to know about the latest changes in income tax rates and thresholds of income, after the start of the new tax year (6th April …

Read More
how much dividend can i pay myself tax free

When Can You Pay Yourself Dividends As A Contractor

If you’re a limited company owner, you can use two ways to pay yourself. The first way is through the salary and the second is through dividends. Most people prefer to pay themselves through dividends as it is one the most tax-efficient ways to pay yourself. In this blog, we’ll explore how much dividend can …

Read More
Can I Pay My Tax bill with a Credit Card?

Can I Pay My Tax bill with a Credit Card?

“Can I pay taxes with credit card in the UK?” This might be the most intriguing question for a new taxpayer in the United Kingdom. As we’re aware of the fact that credit card is the widely recognized way of buying things there. But, you’d be unhappy to know that HMRC does not allow payments …

Read More
How to Register as Self-Employed

How to Register as Self-Employed in the UK?

So you have decided to start your own business. That’s great. Now, you would earn some extra cash aside from your regular job.  But now few extra responsibilities are here on your head than before. Therefore, to get rid of legal issues, you should register yourself as self employed to HMRC. In this blog, we’d …

Read More
how do dividends work

How do dividends work in the UK

Are you looking forward to buying shares of a profitable company in the UK? Are you still wondering if this is a good time to start out? If you’ve already started out. Great job. The amount you’ll earn as a profit is known as a dividend.  If you are looking for an accountant to reduce …

Read More
bounce back scheme

Here’s All you Need to Know About Corona Virus Bounce Back Loan Scheme

Apply for the coronavirus bounce-back scheme before it’s too late. You can apply up till 31st March 2021.    The main aim of the scheme is to make sure businesses get instant cash during these tough times. One interesting point to note is that currently sole traders and limited companies are getting the most out …

Read More
capital gains tax entrepreneurs relief

Entrepreneurs’ Tax Relief: Everything You Need To Know

Establishing a new business is never easy, you need to face a lot of problems while starting a new business.  Being a smart entrepreneur, you should try to reduce your expenses and increase your earnings by opting for efficient strategies. This is where you need to know about Entrepreneurs’ Tax Relief. You can use this …

Read More
HMRC tax payment

Common HMRC Tax Payment Problems and Their Solutions

Many people face HMRC tax payment issues due to which they’re unable to pay taxes on time. Paying taxes in time is crucial as you may end up being bankrupt or may lose a job or even you’d face prison too. The longer you take, the more intense the problem will be. Therefore, you have …

Read More

Things you Need to Know about Research and Development Tax Relief

Research and Development Tax Relief is initiated by various governments (including the UK) to encourage and support the companies to develop and research for long-term economic growth.  Along with the public sector, the private sector is also receiving benefits from this relief.  Let’s explore, how it can be beneficial for your business? We’ll be discussing …

Read More
how to set smart goals

How to Define Smart Goals for your Brand?

You’re just starting out your own company, and need a helping hand to determine the SMART goals for your brand. We’re addressing small businesses because it’s good to have SMART goals for your brand the moment you’re starting out on your venture. Gives you clarity on what you’re trying to achieve.    We’ve seen different …

Read More
management accounts

Here’s all you Need to Know About Management Accounts

Management accounts might be a familiar term to you. But, do you know what are they; what’s their purpose, and why are they important?  You don’t know right! So, just give our blog a 2 min read to know about them.   What are the Management Accounts?   These accounts provide you with financial information …

Read More
how does tax affect a business

Find Out How Does Tax Affect a Business

How Does Tax Affect a Business?  Taxes may affect your business on a sectoral basis and government legislation. Whichever sector you are working in, you should make sure to know about your tax obligations. There are various ways to reduce tax costs. In this blog, we are going to discuss how does tax affect a …

Read More
What are Chargeable Gains?

What are Chargeable Gains?

What are Chargeable Gains? The gain in your asset’s value from the time it is purchased till the time it is sold is known as chargeable gains. This process is also called capital gains. A capital gains tax is levied on the chargeable assets. Chargeable loss is the opposite of chargeable gains. If you are …

Read More
Business opportunities to avail in 2021

Top 3 Business Opportunities you can Explore in 2021

You have finally decided to start your own business, but you are perplexed with hundreds of ideas popping up in your mind. Determining which business to start can be challenging as there are thousands of them to choose from. So this blog post is going to help you out! Whatever business you want to start, …

Read More
Technology Cost or an Asset

Is Technology Cost or an Asset?

Just take a second to think about the present world without technology. So, it’d be right to say that we can’t survive without technology in this modern world. From schools, offices to grocery stores everywhere there is technology. In the last two decades, technology has taken hold of the whole world, and even beyond that. …

Read More
Adjudicator’s Office

The role of the Adjudicator’s Office

The Adjudicator’s Office (AO) was created in 1993 as an independent tier of complaint handling about the Inland Revenue (now HMRC) and the Valuation Office Agency (VOA) other governmental departments joined later including The Insolvency Service in 2003. Under their role as an independent adjudicator, it is currently reviewing the Home Office (HO) decisions on …

Read More
digital marketing trends

Here are the Top 3 Digital Marketing Trends you Need to Know All About in 2021

If you’re someone who enjoys digital marketing, and you want to gain more leads out of it, make sure you read this article till the end. You might want to take excellent takeaways home. Make sure you’re defining your digital marketing strategy according to these trends, as that’s what makes you sell your business like …

Read More