Navigating the Self Assessment process in the UK can feel overwhelming, especially when you’re anxiously waiting to hear back from HMRC about your tax refund. Whether you’re a sole trader, freelancer, or PAYE employee who has overpaid tax, knowing how to perform an HMRC Tax Refund Check can give you peace of mind and ensure […]
HMRC Tax Refund Check in 2025: Find All Steps Here Read More »
Running a limited company comes with many perks, and one of the most valuable is the flexibility to choose your work environment. Whether you’re setting up in a co-working space or working from the comfort of your own living room, your business can still operate efficiently. For many directors, the use of home as office
Use of Home as Office: Claiming Home Offices Expenses Read More »
Can HMRC access your bank account and take money directly from it? This question worries many taxpayers across the UK—and rightly so. The answer is yes, but HMRC must follow strict rules and regulations before exercising this power. In this article we’ll breakdown HMRC bank account access powers in detail. Since 2015, HMRC has had
HMRC Bank Account Access Powers Explained Read More »
Paying your council tax online is one of the most convenient and secure ways to settle this annual obligation. Most councils have digital portals that support debit and credit card payments with instant confirmation. This guide explains the steps, requirements, and tips to pay council tax online, adhering to the latest 2025 regulations. 2025 Council
How to Pay Council Tax Online in the UK? Read More »
If you’ve ever asked yourself what is 40% tax bracket and how it affects your income in the UK, you’re not alone. This comprehensive guide will explain everything you need to know about the 40% income tax bracket—who it applies to, how it works, and what steps you can take to reduce your tax burden.
What is 40% Tax Bracket? Guide for UK Taxpayers Read More »
When renting out a residential property in the UK, landlords typically ask tenants to provide a rent deposit—commonly known as a tenancy or security deposit. But a common question arises for both parties: Is rent deposit taxable? This guide, written with input from expert UK tax advisors and based on guidance from HMRC, explores when
Is Rent Deposit Taxable? Guide for UK Landlords Read More »
When setting up a business in the UK, one of the first decisions you’ll face is choosing the right business structure. Among the three primary options — sole trader, limited company, and partnership — the partnership model is particularly suitable for professionals or businesspersons aiming to collaborate with others towards a shared goal. But what
What is a Partnership? Advantages and Disadvantages Read More »
Running a small business in the UK involves more than just tracking income. Understanding what qualifies as allowable expenses for small businesses is essential for accurate tax reporting and minimising your tax bill. In this comprehensive guide, we’ll unpack the rules around deductible expenses, landmark case laws, and practical examples—ensuring you’re compliant with HMRC and
Allowable Expenses for Small Businesses in the UK Read More »
As a self-employed professional, sole trader, or limited company director in the UK, you’re likely investing in tools that support your career or business—LinkedIn being one of them. But one pressing question remains: Is LinkedIn subscription tax deductible? Let’s explore the answer in detail with references to HMRC guidance and real-world applications. Summary “Understanding whether
Is LinkedIn Subscription Tax Deductible? Read More »
Flipping houses is becoming increasingly popular in the UK as a means to generate profits through quick property purchases, renovations, and sales. However, while the profit potential is attractive, it is essential to understand the tax on flipping a house before jumping into this venture. Whether you’re an individual, a sole trader, or operating through
How Much Tax on Flipping a House in the UK? Read More »
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