A Guide About Tax-Free Rent-a-Room Scheme
People are always interested towards the idea that are useful for making a few extra pounds. Are you also the one who is seeking such...
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How is Rental Income Taxed on Jointly Owned Property?
In the case of properties where there is the involvement of multiple owners is observed, there will come certain expectations from HMRC. This will make...
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New Allowances for Trading and Property Income
As we all are aware of the fact that the requirement of registration of self-assessment is only mandatory when the amount of money you earn...
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A Simple Guide to the Mini-Budget 2022 (The Growth Plan)
The Headline Message From The Chancellor The Growth Plan 2022 makes growth the government’s central economic mission, setting a target of reaching a 2.5% trend...
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Tax Consequences of ‘Illegal’ Dividends
When we are associated with the business world, we all know that the undistributed profits of a business can help to declare dividends. It is...
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Cash Basis Accounting vs. Accrual Accounting
You must have heard a lot from people talking about accruals accounting and cash basis accounting, however, what is it exactly might always confuse your...
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Do I Pay Tax on My Treehouse?
Being pleased by the nature is an innate ability of human psychology and we will not deny that. How about having leisure time in the...
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What Taxes Do I Need to Pay as an Online Seller?
This is the era where online platforms and buying & selling products are actively becoming more and more popular. This results in a sudden rise...
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What are the Tax Implications of Side Gigs?
This is the era of ideas where people are so smart and full of unique ideas to meet both ends to make a living. People...
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The Benefits of Filing Your Tax Return Today
You must have observed the financial matters associated with your business, they keep on fluctuating over a specific period. This asks for maintaining a smooth...
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Tax Implications of Property Transfers During a Divorce
Are you going through the procedure of divorce or separation? The most important thing that you must be aware of is a tax on property...
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Are Influencers Evading Taxes?
Have you heard that there is no tax for influencers? Well, the case with online influencers is different. Online influencer tax is a real thing...
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Do YouTubers Pay Taxes?
Whether you are a streamer or a content creator, the big question on everyone's lips is Do YouTubers pay taxes? In case you are running...
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CPA vs. Public Accountant: Is There a Difference?
To make your business a successful journey, the role of accountants is important. As well as in the smooth transaction of business activities will be...
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What are the Different Types of Capital Allowances?
The tax is a serious affair that keeps a non-stop communication and relation between the people who are carrying out business and the government in...
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What Are The 3 Golden Rules Of Accounting?
It is an important and prominent fact about the three golden rules of accounting the ability to convert the complexity of bookkeeping rules into an...
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A Basic Guide About ‘Are Footballers PAYE?’
For football lovers, sports is all about their favourite game. Fans possibly talk about the footballers all day, however, those who are associated with the...
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Can a Sole Trader Have More Than One Businesses?
Are you planning to start a new business as a sole trader? You might be worried about asking the question “Can a Sole Trader Have...
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Claiming Back Tax on a Small Pension Lump Sum
If you are an individual who is taking amounts of money from pension sources, there is a chance of paying more tax than was required...
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How Much is Capital Gains Tax on Second Home?
Capital gains tax on a second home is different than the gains of a main residential property when you are living in the UK. You...
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