Choose the Right Insolvency Practitioner For Your Business In the UK - Cartwheel International

How to Choose the Right Insolvency Practitioner for Your Business in the UK

Leave a Comment / Accounting, Business, Company Liquidation

Insolvency is a difficult situation that many UK businesses face, often due to financial mismanagement, unexpected market changes, or other factors. Choosing the right insolvency practitioner for your business in the UK can significantly affect how smoothly the process goes. An experienced practitioner can offer crucial guidance to manage debts, restructure your business, or handle […]

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UK Liquidation Costs Explained: What You’ll Pay for CVL, MVL & Compulsory Liquidation

Leave a Comment / Accounting, Company Liquidation

Understanding UK liquidation costs in 2025 is important for any company planning to close. The cost to liquidate a limited company depends on your financial position and the type of liquidation. Some directors want to close a solvent business using MVL. Others need to shut down an insolvent company through CVL or compulsory liquidation. Each

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How to Prepare for MTD for ITSA: The Complete Guide for Self-Employed Individuals and Landlords

Leave a Comment / Accounting, Self Assessment

The UK government’s Making Tax Digital (MTD) initiative is transforming how individuals report their tax information to HMRC. With the upcoming implementation of MTD for ITSA (Income Tax Self-Assessment), millions of self-employed individuals and landlords will be required to transition to digital systems for record-keeping and tax submissions. These changes will take effect in April

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A Complete Guide to Successfully Claiming R&D Tax Relief in the UK

Leave a Comment / Accounting, Business, Construction, Limited Company

Research and Development (R&D) tax relief is a significant opportunity for businesses in the UK, allowing them to reduce their tax bills or receive valuable cash credits. The scheme aims to encourage innovation, enabling companies to reinvest in developing new products, processes, or services. Despite its potential, many businesses struggle with the complexities of the

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How Builders Can Reclaim VAT on Construction Materials in the UK

Leave a Comment / Accounting, Business, Construction, Limited Company

Reclaiming VAT (Value Added Tax) can be a great way for builders to reduce the costs of construction projects. This process is especially helpful for those working on large-scale builds or refurbishments. Builders, self-employed contractors, and homeowners involved in specific projects can qualify to reclaim VAT. This article will explain who is eligible to claim,

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How to Reclaim Overpaid CIS Tax: Step-by-Step Refund Guide

Leave a Comment / Accounting, Construction, Limited Company

If you’re a subcontractor under the UK’s Construction Industry Scheme (CIS), it’s likely that 20% (or even 30%) of your payments have been deducted for tax purposes. The good news? You might be entitled to reclaim some or all of that overpaid tax. Each year, many UK subcontractors miss out on refunds simply because they’re

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Register as a Subcontractor or Contractor Under the Construction Industry Scheme (CIS)

How to Register as a Subcontractor or Contractor Under the Construction Industry Scheme

Leave a Comment / Accounting, Construction, Limited Company

The Construction Industry Scheme (CIS) is a set of regulations established by HM Revenue and Customs (HMRC) in the United Kingdom to oversee tax payments within the construction sector. Under this scheme, contractors deduct money from subcontractors’ payments and forward it to HMRC, ensuring that tax obligations are met promptly. Registering correctly for CIS is

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The Complete Guide to VAT on Building Materials for Builders

Leave a Comment / Accounting, Construction, Limited Company

Value Added Tax (VAT) is an essential tax in the UK that affects many industries, including construction. Builders need to understand how VAT works, especially when purchasing building materials for projects or applying VAT to client charges. VAT is a tax added to products (goods and services), and it is collected by businesses on behalf

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How to Prepare Your UK Business for Year-End Tax Filing and Compliance

Accounting, Limited Company

Preparing your UK business for year-end tax filing and compliance is essential to staying financially organised and avoiding penalties. Whether you run a small startup or a larger enterprise, preparing for year-end can help you avoid costly mistakes and penalties. In this article, we’ll walk you through everything you need to prepare your UK business

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The Risks and Benefits of Investing in Real Estate and Private Equity Funds

Leave a Comment / Accounting, Company Liquidation

Investing in real estate and private equity funds can provide significant returns, though it also involves certain risks. Understanding both the rewards and challenges associated with these investment types is essential to making informed decisions. These investment options provide unique opportunities if you’re seeking steady income or the potential for higher returns. In this article,

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