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We Need to Talk About Making Public Services Work for Everyone

some thoughts… The Bedrock of a Just Society Public services—like healthcare, education, and transportation—are the bedrock of a just society. They are supposed to be the great equalisers, providing everyone, regardless of their background, with the tools and support they need to lead a decent life. Yet, in practice, these services often fall short, marred

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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 you’re thinking of selling a property, it’s something you need to get familiar with. Whether you’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 you’re not prepared. Many new investors don’t realise that even though there’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 members’ 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 you’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, we’ll explore tax-saving strategies tailored for holiday let landlords, including choosing the

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