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Guide & Tips For First Time Landlord | Being a Landlord for the First Time

Guide & Tips For First Time Landlord | Being a Landlord for the First Time

Becoming a landlord can be a big step or something you fall into. A landlord is the owner of a property that is rented out to others, short or long term. Either way you need to consider the ongoing position carefully: – What type of rental are you making? Are there any special rules? How […]

COVID-19 | Coronavirus Job Retention Scheme & Statutory Sick Pay (SSP)

COVID-19 | Coronavirus Job Retention Scheme & Statutory Sick Pay (SSP)

Coronavirus Job Retention Scheme – Small Business, PAYE All UK employers will be able to access support to continue paying part of their employees’ salary for furloughed workers—those employees that would otherwise have been laid off during this crisis. Benefits: Payment of 80% of staff salaries up to £2,500 (gross pay) per month per worker […]

Tax Return Self Assessment za rok 2019/2020

Tax Return Self Assessment za rok 2019/2020

Złożenie Self Assessment nawet o minutę później, spowoduje automatyczne nałożenie kary w wysokości £100. Obowiązek rozliczenia dotyczy przede wszystkim osób samozatrudnionych, które powinny wykazać przed urzędem swoje przychody oraz koszty. Należy pamiętać, że nawet w sytuacji, gdy działalność nie przyniosła żadnych dochodów, również należy złożyć zeznanie podatkowe. Pamietaj, że na zeznaniu podatkowym Tax Return wpisujesz […]

All You Need to Know about IR35

All You Need to Know about IR35

IR35 or Intermediaries Legislation was introduced to tackle the problem of tax abuse by individuals or companies. It particularly intends to stop tax abuse by individuals who own a Personal Service Company that acts as an intermediary and saves them from being treated as an employee for the company of their clients. This way, they […]

Tax Guide for Buy To Let (BTL) Landlords

Tax Guide for Buy To Let (BTL) Landlords

This tax guide explains everything about buy to let landlords. How to declare your rental income? How to register? What expenses can you claim? Is the online completion of a tax return challenging? How much tax will you have to pay? All these questions and more will be answered in this guide so that you […]

Why Should You Invest in a Commercial Property?

Why Should You Invest in a Commercial Property?

How Does the HMRC Define a Commercial Property? HMRC says that commercial property is any non-residential building. This means that commercial property is not where somewhere lives but where someone works. A commercial or a non-residential building can have several forms, such as shops, warehouses, offices, restaurants, agricultural lands, or fuel stations. The Town and […]

Self-Assessment Tax Return For Carpenter, Heating Engineer, Electrician

Self-Assessment Tax Return For Carpenter, Heating Engineer, Electrician

Self-assessment can be a tricky affair for self-employed individuals if not carried out correctly. This is precisely why we have created this article for carpenters, heating engineers and electricians so that you can file your self-assessment tax return with ease. Register With HMRC The very first step to file your self-assessment tax return, if you […]

Costs You Can Claim Against Your Self-Employed Business

Costs You Can Claim Against Your Self-Employed Business

The most obvious part of completing your tax return after the end of each fiscal year is working out your expenses. This is because some expenses are tax-deductible, and you can subtract them from your turnover in order to get some taxable profit. But, what are these allowable expenses if you are a self-employed individual? […]

Running Your Own Payroll? How to Deal With New Starters?

Running Your Own Payroll? How to Deal With New Starters?

Most business owners hate the entire process of handling payroll as it can be rather complex and complicated. That said, if you have only a few employees working for you, it is better to handle it yourself than to use a third-party to take care of it for you. To help simplify things for you, […]

Difference Between Minimum Wage, National Living Wage & Real Living Wage

Difference Between Minimum Wage, National Living Wage & Real Living Wage

People running a small business or working as employees in a company should know the difference between the Minimum Wage, National Living Wage, and Real Living Wage. Minimum Wage (National Minimum Wage Or NMW) The UK Government is responsible for fixing the National Minimum Wage rates. The National Minimum Wage is fixed after taking into […]

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