Self Employed

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Affordable Accounting from AAT-Registered Accountants

When it comes to managing finances, finding an affordable accountant who still delivers competent, reliable service can make a big difference to your bottom line. However, not all “cheap” accountants are created equal. If you’re looking for budget-friendly accounting services, an AAT-registered accountant can provide exceptional value without high costs. AAT (Association of Accounting Technicians) […]

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Simplified Expenses for UK Taxpayers: What You Can Claim

If you’re self-employed or run a small business in the UK, managing your expenses is an important part of saving money on taxes. One way to make this easier is by using simplified expenses. These are flat rates set by HMRC, so you don’t have to work out exact costs or keep loads of paperwork.

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Implication of Making Tax Digital on Income Tax

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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Should you voluntary register for VAT?

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

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The Ultimate Guide to Tax Allowable Expenses for Self Employed

Outline Introduction HMRC Guidelines A Comprehensive Look at Different Categories of Tax Allowable Expenses 1.  Office Cost2. Travel Cost3. Clothing Expenses4. Staff Cost5. Financial Cost6. Cost of Business Premises7. Advertising and Marketing8. Training Courses Understanding Capital Allowances for Business Assets Utilizing Simplified Expenses for Ease and Convenience 1- Vehicle2- Working from Home3- Living on Business

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