Tax Archives | Accounting Wise Online Accountants providing modern Accounting Services Fri, 02 May 2025 09:37:18 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.2 https://development.a-wise.co.uk/wp-content/uploads/2025/02/cropped-Favicon-Large-32x32.png Tax Archives | Accounting Wise 32 32 Key Accounting Dates May 2025 https://development.a-wise.co.uk/key-accounting-dates-may-2025/ Mon, 28 Apr 2025 08:41:43 +0000 https://a-wise.co.uk/?p=22597 As a small business owner, staying on top of important tax deadlines is crucial to avoid penalties and ensure your operations run smoothly. May 2025 brings several key tax dates that all UK businesses must be aware of, from Corporation Tax returns to VAT payments and employee tax forms.

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]]> What Is a Unique Taxpayer Reference (UTR)? https://development.a-wise.co.uk/what-is-a-unique-taxpayer-reference-utr/ Wed, 16 Apr 2025 14:06:57 +0000 https://a-wise.co.uk/?p=22641 When starting a business or becoming self-employed in the UK, there are plenty of forms and numbers you need to keep track of. One of the most important identifiers you’ll encounter is the Unique Taxpayer Reference (UTR) number.

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]]> What are the Benefits of Paying Corporation Tax Early? https://development.a-wise.co.uk/what-are-the-benefits-of-paying-corporation-tax-early/ Wed, 16 Apr 2025 14:06:50 +0000 https://a-wise.co.uk/?p=22696 Discover why UK companies choose to pay corporation tax early. Learn the benefits, HMRC interest rules, and how early payment can support your business.

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]]> What is National Insurance? https://development.a-wise.co.uk/what-is-national-insurance/ Wed, 16 Apr 2025 13:04:43 +0000 https://a-wise.co.uk/?p=22453 This National Insurance overview aims to provide a detailed understanding of National Insurance, covering its purpose, the rates at which contributions are calculated, and the impact it has on your entitlement to state benefits and retirement planning.

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]]> What Is Tax Residency? https://development.a-wise.co.uk/what-is-tax-residency/ Mon, 14 Apr 2025 09:20:54 +0000 https://a-wise.co.uk/?p=22523 Tax residency is a term that might sound niche - but it plays a major role in determining how much tax you owe, where you owe it, and what you need to report.

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]]> What is Capital Allowance? https://development.a-wise.co.uk/what-is-capital-allowance/ Mon, 07 Apr 2025 09:33:40 +0000 https://a-wise.co.uk/?p=22449 Minimising tax liabilities is a key concern for UK businesses, and capital allowances provide a valuable way to reduce taxable profits legally. These allowances enable businesses to claim tax relief on qualifying capital expenditures, effectively lowering their overall tax bill.

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]]> Managing Taxes as a Digital Nomad https://development.a-wise.co.uk/managing-taxes-as-a-digital-nomad/ Thu, 03 Apr 2025 09:04:46 +0000 https://a-wise.co.uk/?p=22465 Understanding how to manage your taxes as a digital nomad is essential to avoid legal pitfalls and ensure you're compliant with both UK tax law and the laws of any country you’re working in.

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]]> Navigating April 2025 Tax Changes https://development.a-wise.co.uk/navigating-april-2025-tax-changes/ Tue, 18 Mar 2025 10:20:34 +0000 https://a-wise.co.uk/?p=21626 As we edge closer to the conclusion of the 2024/25 tax year on 5 April 2025, it’s the perfect time to explore the key tax changes set to take effect this year.

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]]> Key Accounting Dates April 2025 https://development.a-wise.co.uk/key-accounting-dates-april-2025/ Tue, 18 Mar 2025 10:19:00 +0000 https://a-wise.co.uk/?p=22084 April is a critical month for UK businesses as the new tax year begins, bringing with it a fresh set of accounting and tax deadlines. Staying on top of key dates is essential to avoid penalties and ensure smooth compliance with HMRC.

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]]> How to Register for Corporation Tax in the UK https://development.a-wise.co.uk/how-to-register-for-corporation-tax-in-the-uk/ Thu, 13 Mar 2025 09:44:34 +0000 https://a-wise.co.uk/?p=22068 If you’ve recently set up a limited company in the UK, one of your key responsibilities is registering for Corporation Tax with HMRC. Failure to do so on time can result in fines, so it’s essential to understand the process and deadlines.

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