Self Assessment tax returns form a crucial aspect of the UK tax system, requiring individuals to report their income and expenses to determine their tax liability. In this comprehensive guide, we’ll...
Subcontracting has become an important strategy for companies to manage their workload efficiently. But what exactly is subcontracting, and how does it function within the business world? This article...
In the dynamic world of the UK job market, contractors and freelancers often find themselves navigating through various employment structures to optimize their earnings and flexibility. One such...
When running a limited company in the UK, knowing what expenses are allowable can make a significant difference to your bottom line. By deducting legitimate costs from your profits, you can reduce...
In the dynamic world of business, keeping track of various legal obligations is crucial to ensure smooth operations. One such essential requirement for companies in the United Kingdom is the...
When starting a business in the UK, one of the most crucial decisions you’ll make is choosing the right legal structure. A popular choice among entrepreneurs and small business owners is the limited...
What is a Sole Trader?A sole trader is one of the simplest and most popular business structures in the UK. This type of business is owned and run by a single individual, making it ideal for...
How to Get a Unique Taxpayer Reference (UTR) NumberAs a taxpayer in the United Kingdom, obtaining a Unique Taxpayer Reference (UTR) number is crucial for managing your tax affairs. Whether you’re...
The 2025/26 tax year is set to bring a mix of challenges and opportunities for company directors, especially in light of the October 2024 Budget update.With the Employer’s National Insurance (NI...
The P11D Deadline in the UK stands as a crucial moment for businesses, marking the specific timeframe for submitting essential forms to stay on the top of tax regulations. In simpler terms, it’s the...
In the world of UK taxation, the term PAYE holds significant importance. Standing for Pay As You Earn, PAYE is a system that governs the collection of income tax from employees’ earnings. This article...
In the world of business, VAT, or Value Added Tax, is a pivotal term that plays a significant role in financial transactions. Let’s delve into the basics of VAT and unravel its importance in the...
When it comes to managing finances, choosing the right accounting software is crucial for small businesses. With numerous options available, finding a tool that is both efficient and user-friendly can...
Are you self-employed and finding yourself buried under heaps of financial paperwork? Do you often wonder, "Do I need an accountant if I am self-employed?" The answer might surprise you. Let’s delve...
As remote work becomes increasingly common, especially for contractors, understanding how to claim tax relief for working from home is essential. This guide will explore everything contractors in the...
Author Bio
Welcome to GoForma - a trustworthy and experienced accounting firm that offers virtual office solutions in central London. We provide a wide range of accounting services, including tax preparation, VAT registration and preparation, payroll management