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Charitable Giving
Exploring the tax advantages of charitable contributions for individuals and businesses Charitable giving is an important part of society—last year, people in the UK donated around £13.9 billion to charity, an increase of £ 1.2 billion from the previous year. Charities, local and international, help alleviate poverty and suffering, fund crucial medical and social research,…
Read moreTax planning for start-ups: How to set up your finances for success
You’re launching a start-up! Congratulations! Launching a new business is an exciting venture, but amongst all the excitement, you’ve got to understand the importance of tax planning. Now, it doesn’t have to be doom and gloom when the tax deadline comes around; effective tax planning makes it easy! Tax planning is more than just paying…
Read moreMaking Tax Digital
How HMRC’s Digital Transformation Will Help You Get Your Tax Right Are you ready to get your tax right? With the introduction of Making Tax Digital by HMRC, the future of digital tax is here to streamline the tax process for individuals and businesses alike. This digital transformation aims to bring the tax system closer…
Read moreMaximise Your Finances by Uncovering the Top 10 Missed Tax Deductions
When it comes to running a small business, navigating the complexities of UK tax laws can be a daunting task. However, by taking advantage of all the tax deductions available, you can maximise your finances and keep more money in your pocket. In this blog post, we will uncover the top 10 tax deductions that…
Read moreUnderstanding Your Tax Obligations as a Freelancer
Understanding your tax obligations and maximising tax efficiency is key to your business success as a freelancer. Keeping accurate records and understanding your legal obligations are essential to managing your taxes effectively. In this blog post, we will delve into these topics and provide practical tips on navigating the world of freelance taxes. Navigating the…
Read moreStill Doing Your Self-Assessment Tax Return? Here’s The Benefits of Using An Accountant To Help
Many may feel overwhelmed by the process of completing a self-assessment tax return. However, by enlisting the help of an accountant, you can not only ensure that your tax return is completed accurately and on time and benefit from expert advice on future money-saving opportunities. Navigating the Complex World of Taxes For many, the labyrinthine…
Read moreUnderstanding Self-Assessment
Filing a self-assessment tax return can often feel like navigating a labyrinth, with its many rules and deadlines. Whether you are self-employed, earning rental income, or making money from other sources that aren’t covered by PAYE (Pay As You Earn), self-assessment tax returns are crucial in ensuring that you meet your tax obligations. However, the…
Read moreQ2, New You.
Keep up to date on all the recent adjustments that might affect your tax affairs, here on TaxGem’s Tax blog. Knowledge is power, with knowing the changes, you can appoint us as your tax advisors to mitigate any tax inefficiencies the updated policies may bring in. We saw the previous chancellor announce he will be…
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