If you're a parent in the UK, you might be familiar with Child Benefit. It’s a helpful allowance provided to those responsible for raising a child. However, something called the High Income Child Benefit Charge (HICBC) goes hand in hand with it. Financial aid but...
Are you drowning in a sea of VAT confusion? Worry not, for we've got a sneak peek into the intriguing world of Value Added Tax (VAT), more specifically agents and VAT. To cover the basics, let’s first look at VAT and what it stands for. What is VAT? Don't let your...
Are you part of the digital gig economy? Do you work on Upwork or Fiverr? Maybe you host on AirBnB. Major tax policy changes are underway in this segment. And I’m here to let you know exactly what so that you are prepared. Watch this video about the upcoming tax...
Tax season can be a source of stress. But it doesn't have to be this way. In this vlog, I'll share some useful tips for ending procrastination with tax return. Tax return deadline For the tax year of 2022/23, it’s January 21, 2024. So, even if you’ve been...
As employers, we have a crucial responsibility towards our staff, particularly when it comes to holiday pay. In this video, we'll explore why honouring these obligations is essential for both legal compliance and good business practices. What is Holiday Pay and Who is...
Welcome to this week's "I Hate Numbers" video, where we'll delve into Maximising Your UK State Pension. Our focus will be on national insurance contributions and their link to the UK state pension. Additionally, we'll share valuable tips on how to supplement and...
For aspiring entrepreneurs in the United Kingdom, there are advantages of being a sole trader. This business model provides flexibility, simplicity, and a range of benefits that make it an attractive choice. In this vlog , I explore the advantages of being a sole...
Tax avoidance versus tax evasion, they seem similar but they are different. While tax avoidance is legal, tax evasion is not. In this weeks vlog I compare and contrast Tax avoidance tax evasion. Furthermore i will share examples, who doesn't love examples. Tax...
If you have a UK company , then you need to understand directors National Insurance. In this vlog I am going to explain Firstly, why UK directors are treated differently for National insurance Secondly, what National Insurance directors pay Lastly, the two methods of...
When it comes to planning for retirement, understanding how the UK State Pension works and how to get the maximum amount is crucial. In this blog post, we will discuss everything you need to know about the UK State Pension, including how it works, how to get the...
Completing your self employed tax return 21-22 can seem daunting, but it doesn't have to be. This video, part 2 of 2, follows on from last week. The process is broken down, so you can ensure that you're getting the most out of your tax return. Whether you're a first...
How to prepare your tax return 21-22 may not get the pulse racing. For some it may cause anxiety, apoplexy and poking eyes with sticks may come to mind. However, if you are one of the 10.2 million + people that must complete a self-assessment tax return it’s a...
Are you are a single member (shareholder) company completing a W-BEN-E form? If yes, this vlog is for you as I show you How to complete Forms SS-4 and 8832 . What's the W-8BEN-E form ? Good question. The W-8BEN-E form is is a document that Helps US companies do...
Learn more about five Money Saving tips. Quick wins, straightforward to implement and access. Learn more your tax entitlements and generate funds Marriage allowance Married or civil partnership, it’s all about the love, but also some tax savings to be had. You can...
Preparing your tax return is a must for millions of taxpayers. Moreover, do you know why? In this video I'm going to Firstly show you who needs to complete a personal tax return Secondly, the key information that you need to include, Thirdly, some costs you can claim...
Claiming Carers Allowance is this week’s vlog. Furthermore, you may ask why. It’s a sad fact that nearly £1.3 billion worth of unclaimed carer's allowance in the United Kingdom. That’s almost 400,000 people who care for friends or relatives who are are missing out...
The Construction Industry Scheme (CIS) was introduced in 1971 to combat serious tax evasion in the industry. The CIS scheme has rules as to how contractors should make payments to sub-contractors. What are contractors? Contractors typically provide agreed services...
A Limited Liability Partnership is like a duck billed platypus. A duck billed platypus is a bit of every animal. Likewise, a Limited Liability Partnership (LLP) shares many of the features of a normal partnership, blended with that of a company. Moreover, it also...
How to change from a sole trader into a limited company is this week’s topic. Are you thinking about changing from a sole trader to a limited company? There are many reasons why this might be the case. Tax issues and wanting more protection for your business are the...
Furlough Grant – Next Steps is a must know topic. Furthermore, even though the scheme has ended there is housekeeping to be done. Records, compliance and reporting to HMRC is still on the radar. If you are an employer, whether you're a self-employed employer or a...
Understanding holiday pay, and how to calculate it is vital for any business that has workers. Are you a business, private or not for profit? If so, then this video is for you. Firstly, I'm going to explain how holiday pay works in the UK Secondly, how you calculate...
National Insurance explained by Video, how cool is that. Are you looking for a simple explanation of National Insurance (NI)? You have come to the right place In this video, I am going to be talking about National Insurance specifically, what it is The rationale...
If you have not been able to go to work because of COVID, you can claim tax relief for working from home and get some extra cash. In this blog-vlog I will explain: How the tax relief works for employees working at home Who qualifies and how you can check How you claim...
Calling UK taxpayers, be aware of the self-assessment payments on account. If you are not prepared, then this will a nasty shock to your bank balance. As well as your stress levels! I have got you covered. I'm going to talk about: What the payment on account is How...