Self Assessment

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Director Loan Accounts and Section 455 Explained

Discover how Director Loan Accounts work and what Section 455 tax means for UK business owners. Learn key rules, repayment timelines, and tax implications. Outline What is a Director Loan Account? Types of Director Loan Accounts What is Section 455 Tax? How Section 455 Tax Works? Example of Section 455 Tax Interest on Director Loans […]

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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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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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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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Self-Assessment Tax Return guide for 2024

Outline Introduction Understanding Self Assessment Tax Returns The Complete Self-Assessment Tax Return Checklist for 2024 Benefits of Using an Accountant for Your Self Assessment Tax Returns Understanding and Optimizing Tax Reliefs and Allowances in Your Tax Return Common Mistakes to Avoid in Your Self Assessment Tax Return Conclusion FAQs (Frequently Asked Questions) ​ Introduction Navigating

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