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

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

Accounting, Construction, Limited Company

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

Accounting, Limited Company

Preparing annual accounts for a limited company might seem challenging but with a straightforward approach, it becomes much more manageable. Annual accounts provide a clear picture of a company’s financial position and help ensure compliance with legal and regulatory requirements. 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, Limited Company, 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, Accounting

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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What Are the Two Types of Limited Companies?

Accounting, Limited Company

A limited company is a business structure that provides limited liability protection to its owners. In the UK, limited companies are mainly categorized into two types: those limited by shares and those limited by guarantee. Each type has distinct characteristics and serves different purposes. Let’s break down these two types to understand their key differences.

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Top 12 Benefits of Registering a Private Limited Company in the UK

Business, Accounting, Limited Company

Choosing the perfect business structure is a crucial step for any entrepreneur. In the UK, one of the most popular options is a private limited company (Ltd), which offers numerous benefits of a private limited company that make it an attractive choice for business owners. From legal protection to enhanced credibility, understanding these advantages can

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The Complete Self-Assessment Registration Process for Beginners

Business, Accounting, Self Assessment

Self-assessment is essential to the UK tax system for those earning untaxed income. For beginners—especially freelancers, contractors, or individuals with additional income sources, understanding how to register for self-assessment is critical to staying compliant with HM Revenue & Customs (HMRC) and avoiding penalties. This article simplifies the process of self-assessment registration for beginners, breaking it

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How to Choose Between a Company Limited by Shares or Guarantee

Business, Accounting, Limited Company

When starting a business, choosing the right company structure is a critical decision. Two common options are a company limited by shares or a company limited by guarantee. Each structure offers distinct advantages based on your business goals. Whether you’re planning to make a profit or run a not-for-profit organisation, selecting the appropriate structure can

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