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Author: Your_Taax

How to Prepare for an HMRC Investigation

Few things unsettle a business owner more than receiving notice of an HMRC investigation. Whether it’s a random check or

Securing Business Property Relief to Protect Your Estate from Inheritance Tax

When it comes to estate planning, one of the biggest concerns for business owners in the UK is inheritance tax

Is Basic Rate Tax Always 20%? Key Exceptions and Reliefs

Understanding how basic rate tax works is essential for anyone dealing with income, investments, or even planning for retirement. While

Do You Need to Pay UK Tax on Money Earned Abroad?

How is income tax calculated?

Income tax in the UK is calculated based on how much money you earn over the course of a year.

Who is required to pay income tax in the UK?

Income tax is a type of tax that the UK government collects from the money people earn, such as wages,

Choosing the Best UK Tax Advisory Service for Peace of Mind

Taxation is an unavoidable part of life, whether you’re a sole trader, limited company director, property investor, or high-net-worth individual.

Do You Need to Pay UK Tax on Money Earned Abroad?

When you earn money in another country, income is completely separate from your life in the UK. However, if you

Understanding IR35 Guide: How to Prove Self-Employment

Understanding IR35: Top Tips to Demonstrate Genuine Self-Employment

For self-employed professionals and contractors in the UK, IR35 isn’t just another tax rule—it’s a financial risk that can have

Global Earnings Made Simple: Declaring Foreign Income to HMRC

In today’s connected world, many UK taxpayers earn money from outside the country. If you are a freelancer with clients

Balancing Charge Basics: When HMRC Takes Back Part of Your Allowance

When an asset is disposed of, a final adjustment known as a balancing charge may be required. Below are explained

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