Negligible value claims are a legal concept in the United Kingdom (UK) that allows taxpayers to claim a loss on their tax returns if the value of an asset falls to an extremely low value. This type of claim can be made for a variety of assets, including cryptocurrencies. In the world of cryptocurrency, many …
The UK’s business landscape is home to both sole traders and limited companies, and while each has its own advantages and disadvantages, both are subject to compliance requirements imposed by the government. In this article, we will examine the compliance requirements of sole traders and limited companies in the UK. Sole Traders: Sole traders are …
Filing and Compliance Requirements of Sole Traders and Limited Companies in the UK Read More »
As a business owner, it is essential to be aware of the tax-allowable expenses that can be claimed against your profits. This can help reduce your tax bill, making your business more profitable. Whether you are a sole trader or a limited company, understanding the tax-allowable expenses can save you money and simplify your tax …
Tax Allowable Business Expenses for Sole Traders and Limited Companies Read More »
Saving on taxes is a goal for many individuals and businesses in the UK, and making pension contributions is a valuable strategy for achieving this goal. In this article, we’ll explore how pension contributions can help you save on taxes and how you can maximize the benefits of this strategy. Pension contributions are tax-deductible, which …
Starting a business requires careful consideration of various factors, including the business structure. The choice between a sole trader and vs limited company is a common decision that entrepreneurs face. Understanding the difference and weighing the pros and cons of each structure can help you make an informed choice. Sole Trader A sole trader is …
Advantages and Disadvantages of Sole Trader and Limited Company Structures Read More »
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ZRKA Accountants
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ZRKA Accountants
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East Ham
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