Common Questions
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Should we pay a dividend before the end of the tax year?
If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to an end
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'Tis the Season to be Jolly, but Don't Forget the Taxman!
Here are some useful things to know for UK freelancers and small businesses over the festive period:
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What to Provide Your Accountant to Calculate Your Use of Home Allowance
Working from home has become the norm for many, and with that comes the opportunity to claim tax relief on certain expenses.
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Claiming Workwear on Your Taxes: What's Allowed and What's Not
Navigating tax deductions for workwear can be tricky. While certain items are necessary for your job, not all qualify for tax relief.
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Get Tax Back on Job Expenses: Your Handy Guide
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses.
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Family Business? Taking Money Out: A Simplified Guide
Running a family business is a team effort, you're the heart and soul of the operation. But when it comes to paying yourself, things can get confusing faster than a toddler with a box of crayons.
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Launching Your Business Without Breaking the Bank: Claiming Pre-Trading Expenses
Starting a business is exciting, but it can also come with a mountain of pre-launch expenses.
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Good News for Self-Employed Training Costs!
Just starting your own business? Great decision! As a new freelancer or sole trader, you might be wondering if you can claim tax relief for training courses.
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Income Tax Rates and Allowances for 2024/25 (UK)
Here's a breakdown of income tax rates and allowances for residents across the UK:
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NIC Cuts: A Silver Lining for Freelancers, But Is It Enough?
The recent National Insurance Contribution (NIC) cuts offer some relief for freelancers, but the picture isn't entirely rosy.