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Can I Live in a Property Owned by My Limited Company?
Living in a property owned by your limited company is a complex area, as there are several legal and financial factors to consider. Make sure you understand all the potential advantages and disadvantages involved in such arrangements, including the processes involved to comply with regulations. The short guide below will help you better understand whether…
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Do You Need to be Qualified to be a Bookkeeper?
Bookkeeping is an essential component of any business, and bookkeepers are responsible for maintaining accurate financial records, managing accounts, and ensuring compliance with tax laws and regulations. But do you need a formal qualification to become a bookkeeper? This is a common question for those interested in pursuing a career in bookkeeping, and the answer…
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How to Reduce Corporation Tax as a Limited Company (Legally)?
With the current rate of corporation tax at 19% in the UK, this may well be one of your biggest expenses each year. Looking at ways to reduce your corporation tax liability is only natural. Of course, the number one way to reduce your corporation tax liability is easy, just make sure your limited company…
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How to Claim Office Furniture on Tax
During the pandemic, HMRC became overwhelmed with claims for tax relief on items such as office furniture, office supplies, computer equipment and stationery as more people worked from home. With this change in working habits and an uplift in the purchase of office furniture, desks, and supplies, it’s important to understand your options for possibly…
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Is There VAT on Deposits for Rent / Hotels / Property?
Whether there is VAT on deposits has been catching a lot of people out in recent years. This is particularly pertinent to the hospitality and property rental industries. In this guide we will look to address questions regards VAT on commercial rent deposits, in hospitality, and the rental market. Scroll down until you find the…
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Which Bank Account is Best for a Small Business?
Do you remember when life was simple when we just had six or so major high street banks. In those days, deciding which business bank account you should use for your small business was easy – you pick the least bad choice. Simple. Finally, after years of mediocre business bank accounts aimed at small businesses, we…
