How Builders Can Reclaim VAT on Construction Materials in the UK

The Right Time to Hire a CFO into Your UK Startup

If your startup is growing fast and finances are getting out of control, hiring a CFO can help. A CFO ensures smooth financial operations, optimises cash flow, and supports key decisions. They guide your business through growth, manage finances day-to-day, and help secure funding. With the right CFO, you can scale confidently and avoid costly

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Private vs Public Limited Companies in the UK: Which Structure Suits Your Business?

Accounting, Business, Limited Company

When starting a business in the UK, selecting the right company structure is important as it impacts operations, fundraising, and control. Limited companies offering limited liability protection to safeguard personal assets are a popular choice. The two main types are private limited companies (Ltd) and public limited companies (PLC). Understanding the differences between these structures

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A Guide to Claimable Expenses for Limited Companies in the UK

Business, Accounting, Limited Company

Running a limited company comes with different costs, but many of these costs can help reduce your tax bill. Claiming the right expenses ensures your company remains tax-efficient and compliant with HMRC rules. In this article, we’ll explain Claimable Expenses for Limited Companies in the UK to help you understand what you can and cannot

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Corporate Finance Tips for Startups in London: A Guide to Growth

Business, Accounting

Starting a business in London is exciting but challenging, especially when it comes to managing finances. Corporate finance helps startups allocate resources wisely, plan for growth, and tackle the high costs of operating in the city. In this article, we’ll discuss key strategies, including building a financial plan, exploring funding options, and using technology to

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Everything You Need to Know About CIS Returns

Business, Accounting

The Construction Industry Scheme (CIS) is a tax deduction system specifically designed for the UK construction industry. Understanding CIS returns is crucial for contractors and subcontractors to stay compliant and maximise potential tax refunds. Whether you’re new to the industry or simply looking for a clearer understanding, this article will walk you through the basics

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How to Prepare Accurate Annual Accounts for Your Limited Company

Business, Accounting

Preparing annual accounts for a limited company might seem challenging but with a straightforward approach, it becomes much more manageable. Annual accounts are essential financial reports required to ensure compliance and offer a clear picture of a company’s financial standing. In this article, we’ll cover the main elements of annual accounts, go over the filing

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How to Correct Errors in Your Self-Assessment Tax Return

Business, Self Assessment

Submitting an accurate Self-Assessment tax return is important, but errors can occasionally slip through. If you’ve noticed a mistake in your tax return, there is no need to stress. Our guide will walk you through correcting errors in your tax return, whether you filed online or by post, and cover important deadlines to keep in

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What Are the Best Tax Planning Strategies for the New Capital Gains Tax Rules?

Business

Capital Gains Tax (CGT) is the tax you pay on the profit from selling an asset that has gained value. With recent changes to CGT in the UK’s 2024 budget, planning is more critical than ever to avoid unnecessary taxes. The annual CGT exemption has been reduced to £3,000, affecting many investors, property owners, and

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How the UKs New Budget Impacts Pension Contributions for Employers and Employees

How the New UK Budget Impacts Pension Contributions for Employers and Employees

Business

The 2024 UK budget introduced significant changes that will affect how employers and employees approach pension contributions. With higher costs for employers and new tax rules on inherited pensions, both sides need to understand the impact on their finances and retirement planning. In this article, we will break down the UK Budget 2024 pension changes

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