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Capital gains tax is a form of tax that you must know about if you’re a self-employed sole trader or in a business partnership. This is because a failure to declare CGT could cause you issues with HMRC. We answer all the questions you may have below, from ‘what is capital gains tax’ to ‘what

Balance sheets are integral to running a profitable small business. It’s a core fiscal aspect which will help to keep track of your finances – i.e., a form of bookkeeping. Your accountant can help you with a balance sheet for your small business but it’s important to know what they are and how they help

Financial forecasting is a must for any successful business. Many different factors and industry changes can affect the way you do business. Preparing financial projections can help you plan ahead and provide a baseline for any changes outside of your control. Our helpful accountancy guide answers ‘what is a financial forecast?’ and dives in on

Tax dates seem to creep up on us every year. Remembering these dates as a business is important to avoid late fees or fines. To make sure your financial year is organised, we’ve listed the tax calendar for the year below. Tax dates to remember in 2024 A 2024 tax calendar is helpful for remembering

For small businesses, finding opportunities increase profits is an essential element to a growing company. National Insurance Relief can be an efficient problem solver to the question of how to cut costs. Read on to find out what National Insurance relief is and how your business can claim it. What is National Insurance relief? As

Profiting off a hobby or a side hustle can be a great way to earn some extra cash. But, do you have to pay tax on hobbies? And what are the hobby tax rules? We’ve got a guide on all you need to know below. Take a look. What’s the difference between a hobby and

Corporation tax penalties occur when you haven’t filed your tax on time or if you have provided inaccurate information to HMRC. The amount you have to pay depends on how late you are to file or if they believe the inaccurate information was deliberate or not. We’ve got a guide on everything you need to

If you have your own limited company, you might be wondering if you can employ your family members – and if so, are there any rules regarding this? See our guide below for all the details on employing family members. Can small businesses employ family members? Yes, a small business can employ family members –

Bookkeeping for small businesses is important for financial purposes and business growth. You’ll always need to make sure your books are in order. Find out the answer to ‘what does bookkeeping mean?’, why it’s important and more below. What is bookkeeping? Bookkeeping is a big part of accounting for any business but what exactly does

Making tax digital (MTD) is a must-know for business owners. We’ve made an easy guide on what this new UK government scheme is and how it can affect you. Read on to find out more about MTD for small businesses. What is making tax digital (MTD)? Making Tax Digital is a scheme from the UK