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What Are Business Assets And How to Recognise Them?

Whether you’re a sole trader, limited company or working together as a partnership, you have assets in your business helping you trade. Assets are the things your business owns that hold or generate value. They play a crucial role in keeping your business up and running and are essential for accounting. From the cash in

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How to Handle Capital Gains Tax on Property in the UK?

Capital Gains Tax (CGT) might sound complicated, but if youโ€™re thinking of selling a property, itโ€™s something you need to get familiar with. Whether youโ€™re selling a second home, a rental property, or even giving a property away, CGT can impact the profit you make. Let’s break down everything you need to know about how

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How Do I Pay Tax on My Cryptocurrency Earnings?

What exciting times we live in! Get started in cryptocurrency is part and parcel of the new-age, but it comes with its own set of tax rules that can easily trip you up if youโ€™re not prepared. Many new investors donโ€™t realise that even though thereโ€™s no specific ‘crypto tax’ in the UK, you still

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How Do I File My Company Tax Returns and Reduce Corporation Tax Bill?

Running a limited company in the UK means you might need to submit a Company Tax Return and pay Corporation Tax on your profits. Corporation Tax is a tax on the profits made by limited companies and other types of organisations, like membersโ€™ clubs or trade associations. Profit is the total income left over after

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What Is Capital Gains Tax?

Capital Gains Tax is the tax on the profit (‘gain’) you make when you dispose of an asset. ‘Disposal’ can include selling, gifting, swapping, or even receiving compensation for a lost asset. Important Note: CGT usually applies to individuals (sole traders, partners) but not incorporated businesses like limited companies. If youโ€™re operating as a limited

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How Can I Reduce Tax on My Holiday Let?

Owning a holiday let can be expensive, with ongoing costs like maintenance, utilities, and updates to keep the property fresh and appealing. Fortunately, there are ways to make your holiday let business more tax-efficient and help you maximise profits. In this blog post, weโ€™ll explore tax-saving strategies tailored for holiday let landlords, including choosing the

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Power of Reading, Learning, and Growing as an Entrepreneur

Ready to take your personal and professional growth to the next level? Imagine building a wealth mindset, overcoming the fears that hold you back, and turning your business dreams into reality. In this post, weโ€™ll explore the power of lifelong learning, the importance of mastering your mindset, and the steps you can take to diversify

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How To Avoid Distractions and Stay Focused? In 8 Steps

Here we go! Time to focus. You ready? Think of Time Management as Pain Management. Time management is essentially about handling internal discomfort. People often get distracted to escape negative emotions, so mastering distraction involves learning to cope with these feelings.Distraction is anything that pulls you away from your intended actions, steering you away from

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What Are Cold Emails & Why/ How You Should Them?

Cold emailing has stood the test of time as a powerful tool for businesses of all sizes. Its effectiveness stems from several factors:โ–ช Decentralisation: Unlike social media platforms, email isnโ€™t subject to algorithm changes or policy shifts, providing businesses with more control over their outreach.โ–ช Universal Reach: Most business professionals have an email address, allowing

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