HMRC Benchmark Subsistence rates
HMRC benchmark subsistence rates Employers use to pay subsistence expenses tax-free to attract the employees and to ease their business tours both domestically & internationally. HMRC benchmark subsistence scale rates used by employers are based on either bespoke scale rate payments specifically agreed with HMRC, or industry-wide scale rates. Before the recent change in the […]
Employment Allowance UK
The Story The employment allowance is a process that has been introduced by the government of the UK to expand the business and allow companies to escalate their financial benefits. This process helps business firms in managing their taxes and boosts up their profits and financial capabilities. In the budget for 2020, some changes have […]
Smart Strategies to Reduce Your Small Business Tax Bill in the UK
The Story As a small business owner in the UK, minimising your tax liability is a key priority for maximizing your profits and maintaining a healthy bottom line. Fortunately, there are several legitimate strategies and incentives available that can help you reduce your small business tax bill. In this blog post, we will explore practical […]
ATED Expemtions reliefs
The Story The Annual Tax on Enveloped Dwellings (ATED) imposes a tax on UK residential properties owned by companies. However, there are reliefs and exemptions available that can either eliminate or reduce the amount of ATED payable. In this blog post, we will explore the various reliefs and exemptions that property owners may claim and […]
Fintech help businesses
What are some examples of fintech solutions that can help businesses? Mobile payments Fintech has revolutionized the way we pay for goods and services, making it easy to make payments from anywhere, at any time, using mobile devices. This can be especially helpful for small businesses that operate remotely or on-the-go. Accounting software Fintech has […]
New French Property Tax Requirements for 2023
New French Property Tax Requirements for 2023: What Non-Resident Owners Need to Know Every year, homeowners in France face various forms and declarations related to the French residency tax, taxe d’habitation. This year is no different, as the government has implemented reforms to the tax and is requiring homeowners to fill out a new declaration […]
Personal Tax
The Story Personal tax is usually referred to as your individual income tax. Your income tax amount that you pay each year depends on the amount that you earn above your personal allowance. You, as a taxpayer, are entitled to a personal tax allowance on your taxable income. The income tax threshold is usually known […]
2022 Guide for Landlords
The Story This article is your complete guide through the new laws and changes introduced for the landlords in 2022. There are new guidelines released by the government to handle all the landlords’ problems in the last eighteen months. It is a complicated time to be a landlord, but this guide will help you wrap […]
Early filing
Benefits of filing you Self-Assessment early If there was a list of tasks ever made about the most tedious and boring tasks ever, filing your tax return must be amongst the top 5. Laziness, forgetfulness, or plain confusion, whatever might be the ‘excuse’, the fact is, the earlier you get the task of filing your […]
CGT (004)
CGT- Requirements to Declare Capital gains on Cryptocurrency The tax that you pay on any profit you make when you sell or dispose of an asset is known as the Capital Gains Tax or CGT. The amount of money you make is not taxed, therefore you are required to declare these so that the gains […]