It is a fact that every business owner wants to make healthy profits. However, in most cases, businesses make losses for numerous reasons. Sometimes, the reasons are simply that the business is new, costs a lot, and has no clientele. The covid-19 pandemic also made...
Most of the times taxpayers delay preparing their tax returns until the end of the year. The HMRC has been trying its best to encourage business owners not to wait until the festive winter period, but still, people seem reluctant. We at Tax Advisor UK are here to...
From 6 April 2020 the amendments were made in the Principal Private Residence (PPR). If you have previously lived in the property which you have rented out now, still you have to pay higher tax for it. But if you have never been in it, the amendments won’t affect you....
People are facing huge economic collapse in different parts of the world, but it would be more courageous if someone thinks of taking the risk of becoming an entrepreneur. According to research, most of the successful startups were found during earlier pandemics. Tech...
For people in business partnerships and sole traders, year end accounts and tax returns are the basis for the business owner’s self assessment tax return. In the case of a partnership, year end accounts state the balance on the individual partners’ current accounts....
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