That is all about to change with the development of the country toward a more digitized economy and how taxes are managed; that surely will change the face of obligation for all self-employed workers and small-scale businesses. The scheme involved is Making Tax Digital, which would give face to a new manner of filing tax […]
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Outline Should you voluntary register for VAT? What is VAT? Voluntary VAT Registration Benefits of Voluntary VAT Registration Disadvantages of Voluntary VAT Registration How to Register for VAT Working out VAT Returns Conclusion FAQs (Frequently Asked Questions) Should you voluntary register for VAT? Put simply, VAT happens to be a major factor in UK business
Should you voluntary register for VAT? Read More »
Outline What is a UTR When Do You Need a UTR? How to Get a UTR from HMRC What to do If You Lose Your UTR? Things to keep in Mind How FAAS Accountants Can Help? What is a UTR? A Unique Taxpayer Reference (UTR) is a 10-digit number issued by HMRC (Her Majesty’s Revenue
Outline Introduction What Are Pre-Trading Expenses? Can You Claim These Expenses? How to Claim Pre-Trading Expenses Conclusion FAQs (Frequently Asked Questions) Can Sole Traders in the UK Claim Pre-Trading Expenses? Starting a business as a sole trader in the UK involves a range of costs even before you officially begin trading. These expenses, known as
Can Sole Traders in the UK Claim Pre-Trading Expenses? Read More »
Outline Introduction Buying a Car Through a Business: Tax Implications Explained Corporation Tax Deductions on Car Expenses Capital Allowances and Their Link to CO2 Emissions VAT Reclaim: Conditions and Considerations for Business Vehicles Understanding Benefits in Kind (BIK) Tax Implications with Company Cars Fuel Benefits Tax Implications and Employer Responsibilities National Insurance Contributions on Employee
A Guide to Buying a Car Through Your Business or personal Read More »
Outline Introduction Understanding Business Taxes What are Business Taxes? Types of Taxes for Different Business Structures Importance of Tax Planning for Your Business Tax Planning Strategies for Businesses Maximising Deductions Utilising Tax Allowances and Reliefs Strategic Business Tax Planning with FAAS Accountants Advanced Tax Planning Techniques Investing in Tax-Efficient Assets Benefits of R&D Tax Credits
Small Business Tax Saving Guide Read More »
Outline What expenses can I claim as a CIS scheme subcontractor? What is a CIS Subcontractor? Expenses CIS Subcontractors can Claim Tools and Equipment Transportation Training and Certification Materials Subcontractor Fees Insurance Professional Fees Office Expenses Conclusion FAQ’s What expenses can I claim as a CIS scheme subcontractor? As a CIS subcontractor in the UK,
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Outline Introduction Do You Have to Pay Tax on Crypto in the UK? How Much Tax Do You Pay on Crypto in the UK? How Much Tax Will You Pay on Crypto Income? How is Crypto Taxed in the UK? Can HMRC Track Crypto? UK Cost Basis Method Crypto Capital Losses Is Any Crypto Tax
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Outline Introduction Understanding Salary and Dividends Tax Efficiency: Salary vs Dividends Other Considerations in Compensation Planning Balancing Stability and Flexibility: Benefits and Drawbacks Making an Informed Decision Case Study: The Mixed Approach Strategy in Action Conclusion Call to Action: Consult FAAS Accountants for Expert Salary and Dividend Advice FAQs (Frequently Asked Questions) Introduction Business owners
Ultimate Guide on Salary or Dividends in the UK Read More »
Outline Introduction Understanding CIS Refunds Eligibility for a CIS Refund How to Apply for a CIS Refund Different Methods for Submitting a CIS Refund Application Additional Tips and Considerations Common Mistakes to Avoid in Your CIS Refund Application Conclusion FAQs (Frequently Asked Questions) Introduction A CIS refund is a tax refund available to individuals and
How to Apply for CIS Refund in the UK Read More »
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