Getting a bonus feels amazing. It’s like finding extra chips at the bottom of the bag—unexpected and delightful. But that joy can be short-lived when you realize a big chunk might be swallowed by tax. If you’ve ever asked yourself, “How much will I pay tax on bonus?”, you’re not alone. Many people in the […]
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As someone who advises clients daily on planning their finances and managing their resources effectively, I understand that budgeting is often seen as the backbone of financial decision-making. However, over the years, I’ve realised that while budgeting is vital, it is not without its flaws. In this article, I’ll walk you through the limitations of
Limitations of Budgeting: 7 Lists of Limitations Read More »
When I first worked with digital entrepreneurs in the UK, I often heard the question: “How to read micro company accounts?” At first glance, these documents—balance sheet, profit & loss statement, and notes—can seem daunting. But once you know what to look for, they become powerful tools to evaluate a company’s financial health, guide decision‑making,
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When selling business assets like machinery or equipment, you may come across the term balancing charge. But what is a balancing charge, and how does it impact your business taxes? In this article, we’ll break down the meaning of balancing charges, how they work in the UK tax system, how to calculate them accurately, and
What is a Balancing Charge? Guide for UK Businesses Read More »
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