Financial Advice

By Ashley Preen

November 6, 2019

Are you tax resident in the UK?

ON 6TH April 2013, the UK government implemented a legal residence test. This test determines the tax status of a tax resident in the UK permanently or for some time. Let’s review the legislation The test was introduced due to the already existing uncertainty related to the tax status of UK residents. The statutory residence Are you tax resident in the UK?

By Jahan Aslam

August 30, 2023

What is Crowdfunding?

This blog post will explore what exactly crowdfunding is, how it works, and its advantages and disadvantages. So, if you’re interested in learning more about this exciting field, keep reading! What is Crowdfunding Crowdfunding is a popular financing method that enables individuals, start-ups, and small businesses to raise funds for their projects by seeking contributions What is Crowdfunding?

By Jahan Aslam

August 23, 2023

The difference: insolvency, liquidation, bankruptcy & administration

When a business is facing financial difficulties, several different options and processes can be pursued to resolve the situation. Insolvency, liquidation, bankruptcy, and administration are commonly used in this context, but it can be challenging to understand the differences between them.  This blog will explain these terms clearly and concisely and help you understand the The difference: insolvency, liquidation, bankruptcy & administration

By Jahan Aslam

August 9, 2023

Business Creditors vs Debtors explained

In this blog, we will explore the meaning of business creditors and debtors in more detail, their roles in a company’s financial operations, and their impact on a business’s overall financial health. Creditor vs debtor: The difference Creditors and debtors are terms used to describe the relationship between a business and its lenders or borrowers. Business Creditors vs Debtors explained

By Ashley Preen

July 14, 2022

Boiler Upgrade Scheme UK

If you own a UK property and are considering upgrading your heating system, now is the time to do so. The government has implemented a boiler upgrade scheme encouraging you to opt for low-carbon heating systems.

By Ashley Preen

July 7, 2022

Guide to National Insurance

National Insurance is mandatory in the UK; it pays for certain benefits and the state pension. Whether you are employed or self-employed, our guide will give you the ins and outs What is National Insurance? National Insurance Contribution is a tax on earnings paid by employees and employers. Whether you have a job or are Guide to National Insurance

By Ashley Preen

July 1, 2022

What I Should Know As A Sole Trader Opening Multiple Businesses

Running more than one business is entirely possible as a sole trader. But with so much to consider, you might need a little help. We’ve put together this blog to discuss everything about running multiple businesses in the UK – from taxation to allowances What is a Sole Trader?  Being a sole trader means you What I Should Know As A Sole Trader Opening Multiple Businesses

By Ashley Preen

June 24, 2022

Do You Need a Business Bank account?

Managing your business’s funds and keeping track of its expenses requires that you establish a business bank account. This blog will discuss what a business bank account is and the benefits. Business Bank Account: What is it? A business bank account is an account that is used only for your company’s financial transactions. The opening Do You Need a Business Bank account?

By Ashley Preen

June 14, 2022

How much does it cost to start a business in the UK?

When considering launching a new business, you need to ask yourself a fundamental question. Do I have enough cash to get my business idea off the ground? If the answer is ‘Yes,’ you wonder how much money will be needed to start your new business in the UK? The costs of starting a business can How much does it cost to start a business in the UK?

By Ashley Preen

June 7, 2022

Paying tax on UK Airbnb income

Renting your property on Airbnb has become an excellent way for many property owners and landlords to earn extra cash. If you live in the UK, a short-term property let (more commonly known as a Furnished Holiday Lets (FHL), has some great tax benefits, but you also need to be aware of them and pay tax Paying tax on UK Airbnb income