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Running a charity in the UK involves key tasks like handling taxes, keeping financial records, and following legal rules. VAT can be especially tricky, with specific rules for charities that can be easily overlooked. Missing out on the reliefs you’re entitled to could result in paying more than necessary, which is the last thing any […]
A Complete Guide to VAT Reliefs for Charities in the UK Read More »
It might be hard and take a lot of time to handle VAT returns for your limited company. No matter what field you’re in, whether it’s retail, construction, or something else, VAT returns need to be done correctly and in line with the most recent rules. Mistake or missing deadlines can result in fines, compliance
6 Reasons Your Limited Company Needs Professional VAT Return Services Read More »
Wondering if you need to file a Self‑Assessment tax return to claim a refund or get tax relief? This is a common question during tax season, especially for those who do not usually complete a tax return. The answer depends on your situation, the type of income you have, and how you want to claim
Do You Need a Self‑Assessment Tax Return for Refunds or Reliefs? Read More »
In 2025, families across the UK will see a small but significant increase in Child Benefit rates. While the 1.7% rise may not seem like much, it could make a difference to family finances, especially with rising living costs. Understanding the new rates and how they affect your household is crucial for financial planning. Our
The Impact of Child Benefit Rate Increases in 2025: What You Need to Know Read More »
Running a small business in the UK can be rewarding, but managing taxes can sometimes feel like a complex puzzle. However, 2025/26 brings some great tax relief opportunities that can help you save money and keep more of your profits. Let’s dive into how UK small businesses can take advantage of these tax reliefs and
How UK Small Businesses Can Benefit from 2025/26 Tax Reliefs Read More »
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
How to Choose the Right Insolvency Practitioner for Your Business in the UK Read More »
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
UK Liquidation Costs Explained: What You’ll Pay for CVL, MVL & Compulsory Liquidation Read More »
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
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
A Complete Guide to Successfully Claiming R&D Tax Relief in the UK Read More »
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,
How Builders Can Reclaim VAT on Construction Materials in the UK Read More »