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How can you split your rental income with your partner to reduce your tax liabilities- WIS Accountancy

How can you split your rental income with your partner to reduce your tax liabilities?

One of the most common questions we get asked is can you split your rental income with your partner? Investors have several options when it ...
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when does hmrc investigate self employed individuals- WIS Accountancy

When does HMRC investigate self-employed individuals?

Arranging your financial and tax details is an important part of running any successful business. Although it’s a challenging task to ensure all tax affairs ...
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what are the pros and cons of alphabet shares- WIS Accountancy

What are the pros and cons of having alphabet shares?

In every business, especially start-ups, shares play a crucial role in fundraising, determining the progress and future of the business, and controlling key decision-making processes, ...
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what is the difference between standard vat and flat rate vat- WIS Accountancy

Difference between standard and flat rate VAT?

Having a concise understanding of the differences between standard VAT and flat rate VAT is an important aspect of running a small business. HMRC takes ...
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what is turnover for self employed entrepreneurs- WIS Accountancy

What is turnover for self-employed entrepreneurs?

Figuring out your turnover when you are self-employed can be confusing. You want to make sure you’re providing as accurate information as possible, but sometimes ...
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what is p11D and benefits in kind

What is P11D and benefits in kind?

P11D forms are an essential aspect of accounting for many businesses in the UK. If a company offers any benefits in kind, that company must ...
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who pays corporation tax in the UK

Who pays corporation tax in the UK?

Corporation tax is paid to the government by limited companies in the UK. If you are a business owner and it’s getting closer to your ...
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what is a challenger bank

What is a challenger bank?

Challenger banks have taken the banking sector by the scruff of the neck and dragged the industry into a new world of modern, versatile and ...
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do i need a limited company accountant

Do I need a limited company accountant?

Limited companies are one of the most popular business forms, and it’s not hard to see why. They’re universally understood by investors and prospective business ...
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