Ready to get your financial hiccups out of the way?
Due to globalization, more and more UK residents are working overseas for short periods of time. The opportunities associated with these often result in career growth, but as you can imagine, so do the financial and tax complexities. Temporary Workplace Relief (TWR) is one of the critical tax reliefs available to UK based expats working… Continue reading Expat Temporary Workplace Relief: A Guide to Tax Savings and Financial Benefits
If you’re a company director, one of the most important financial decisions you’ll ever make is how you’ll pay yourself. You do not work the way traditional employees do, and you have the ability to structure your income in different ways, most commonly as a salary, dividends, or a mix of the two. That being… Continue reading Director’s Pay: Salary vs. Dividends – Which Option is Best for You?
The UK tax system is incomplete without Capital Gains Tax (CGT) which is usually overlooked until it’s a problem. That applies to the profit you make when selling or giving away something that has grown in value, and the tax is levied on the gain, not the entire proceeds. Individuals and businesses need to understand… Continue reading Understanding Capital Gains Tax: How It Affects Individuals and Businesses in the UK
Audits by HM Revenue and Customs (HMRC) can be scary for UK businesses. But with the right planning and compliance, you can go through the process confidently and stay financially sound. From a small enterprise to a growing medium-sized business, this guide will give you an overview of the audit process, actionable preparation steps, and… Continue reading Preparing for HMRC Audits: A Stress-Free Checklist for UK Companies
As the tax season approaches, businesses of all sizes in the UK often feel overwhelmed by the complexity of tax regulations. As the rules are constantly evolving, deadlines getting tighter, and complexities of accurate financial management, errors are highly likely. However, knowing the major pitfalls can help companies streamline their tax process and cut back… Continue reading 10 Common Mistakes Businesses Make During Tax Season
