Understanding VAT thresholds and the responsibilities that come with being VAT registered is crucial for businesses to ensure compliance and avoid penalties.
Strategies for Reducing Your Corporation Tax Bill
Do you earn over £100k? Avoid the 60% tax trap and preserve your tax-free childcare!
Spring Budget 2024 Summary
Employment Allowance for National Insurance Contributions
Gifts out of Income - Inheritance Tax Planning
Record Keeping for Tax Residence
The UK has a detailed Statutory Residence Test to determine someone’s tax residency position. Under this, detailed and accurate record keeping is essential to work out someone’s residency position. A small error can have significant tax consequences. In this blog, we take a look at the sorts of records that should be kept.
