If you're running a limited company in the UK, Corporation Tax is likely on your radar as it plays a fundamental role in the operation of your business...but the specifics might be a bit unclear. Understanding the intricacies of Corporation Tax is essential for business owners to accurately determine their tax liability and remain compliant.
Although the filing deadline was extended in October 2021, many landlords and individuals are still failing to meet Capital Gains Tax reporting requirements on the sale of a second home. DSA Prospect Director, Nick Longford offers valuable insight and advice on how to avoid penalties and benefit from exemptions and allowances.
Whether you're responsible for overseeing employee payrolls or handling your own contributions, managing National Insurance contributions is a notoriously complicated and time-consuming process for employers and the self-employed.
When you receive income from self-employment or other sources such as property or investments, HMRC requires you to complete a Self Assessment tax return to ensure you are paying the correct tax.
Taxes can be a complex and ever-changing landscape for both individuals and businesses. While tax preparation and tax planning are both essential components of sound financial management, they each play a unique role. Understanding the difference between these two can save you time, money and a whole lot of stress.
The Chancellor's Spring Budget on the 6th March 2024 unveiled a roadmap for the UK's finances, but what does it mean for you? We discuss yesterday's key announcements and how they might impact your finances.
The introduction of the new UK Research and Development (R&D) single scheme is set to restructure the way companies access funding for their work on innovative projects. The new scheme will provide a more cohesive and consistent system for companies of all sizes to access R&D tax relief.
The holiday season is a special time of the year when we come together to celebrate and reflect on the past, while eagerly anticipating what the future holds.