Michael Burris

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Can Sole Traders in the UK Claim Pre-Trading Expenses?

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

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A Guide to Buying a Car Through Your Business or personal

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

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Small Business Tax Saving Guide

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

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Allowable Expenses for CIS Subcontractors

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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Ultimate Guide on Salary or Dividends in the UK

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

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How to Apply for CIS Refund in the UK

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

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Guide to Charity Accounts in the UK

Outline Introduction Understanding Legal and Accountancy Practices for Charities Different Types of Charity Accounts and How to Prepare Them Meeting Annual Reporting Requirements for Charities in the UK Effective Financial Planning and Management for Charities Ensuring Transparency through External Scrutiny of Charity Accounts Key Considerations for Accurate Charity Accounts Preparation Additional Resources for Charity Accounting

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