What is a P11D Form?
If you are the one who aims to take a closer glance into the details of the p11d form which includes the basic discussion on...
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How Does Inheritance Tax Works in the UK?
Inheritance Tax is a tax that is payable on the estate of someone who has died. The tax is calculated based on the value of...
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Closing Balance: The Ultimate Guide for Understanding Your Financials
The closing balance is a key financial metric that shows the money that is in an account after all transactions have been recorded. It is...
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What are the UK Tax Bands?
As the UK tax bands keep on changing with every new tax year, the limit of allowances will also be helpful for the citizens to...
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What is Capital Employed?
Capital employed is a kind of matric that is financial and finds out how much money a company has invested in its operations. It is...
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How are Benefit Fraud Caught?
By benefits fraud, we mean cases where individuals attempt to claim the advantage of the benefits that they are not even entitled to in the...
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What is Tax Planning?
There are several contractors, self-employed individuals, and business owners who are inclined towards working from home. This also became a reason to change the ruling...
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What are the UK Income Tax Brackets?
If you are residing in the UK, you must be aware of the importance related to being conscious of the direct tax rates and principal...
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Incorporation Relief – How Does it Work?
It has often been observed that people are interested in a situation where the assets of the business are being transferred to a limited company...
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What are Trade Payables?
You can be dealing with any sector of the business, you will have to deal with suppliers or vendors at one point in your business...
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How to Cancel Marriage Tax Allowance?
If you are a married couple or living in a civil partnership, a marriage tax allowance is something you must be aware of. This provides...
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What is Adjusted Net Income?
In simple words, we can call the adjusted net income the total taxable income. The money you are earning from freelancing along with rental income...
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What is Sales Ledger Control Account?
When it comes to trading control, the sales ledger control account is always connected to the discussion as it plays a vital role in getting...
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How Do I Claim a CIS Refund?
Are you a resident of the UK looking for a possible way that can help you to claim a CIS refund? If yes, you are...
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What is a Nominal Ledger in Accounting?
In simple words, the nominal ledger refers to a kind of electrical file used to keep a record of all the transactions that are being...
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What is Employment Allowance?
The new business owners are more and more inclined towards the employment allowance and how to maximise the benefits by getting eligibility for this allowance....
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How Do I Claim VAT Relief for Disabled?
If you are a resident of the UK and you are dealing with a disability, in general people pay VAT on the purchasing of goods...
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How to Calculate Payroll Manually?
Doing the payroll manually explains that the whole procedure of the payroll will be handled by hand details. Whereas in the case of the in-house...
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What is Save as You Earn?
The main purpose of the SAYE (save as you earn plan) is to enable the employees to get the savings on and buy shares from...
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How to Check Car Tax?
If you own a vehicle in the UK that you might use for personal use or for multiple factors, you must be aware of the...
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