The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Category Archives: Business
Here’s how you can boost your SME’s efficiency and beat rising costs in 2024
If you’re concerned about how rising costs will impact your SME, you’re not alone.
Allowable business expenses – simple ways to save money
As a business owner, you are probably aware of some of the expenses that you could claim back on in your yearly Self-Assessment tax return.
Tightening the reins on ‘side hustles’ – Navigating HMRC’s new powers
HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key area of tax evasion – online traders. Continue reading
How to keep your clients happy and grow your business
With the new year right around the corner, you’re bound to have big plans for your business.
Implications for businesses amid soaring pension tax relief
Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time.
Understanding Capital Gains Tax on property investments
Investing in property can be a lucrative venture, but it’s essential to understand the implications of Capital Gains Tax (CGT) on these investments to protect your investments from unexpected costs.
How does your locus of control influence entrepreneurial success?
Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an essential aspect of entrepreneurship.
Becoming a freelancer – setting up a limited company
When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.
Everything you should know before becoming a sole trader
Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make.