- Posted 6th May 2016
Tips for Completing Self-Assessment Tax Return
Though the time for submitting self-assessment tax return has already gone by, it is always best for you to know some useful ways for completing it. Because it will definitely help you next time for sure.
When you are a self-employed, completing self-assessment tax return each tax year is mandatory. Even though it can be a daunting task, avoiding it can result in penalties. That’s why completing it should always be one of your top priorities.
Collect your paperwork
Before you begin fi...
- Posted 3rd May 2016
Things to Know About Cash ISAs
Having Cash ISAs are the probably one of the best ways to save money. Today, most of the people may even have a one and are making most from it. However, there are some minority who are still unsure and do not know important details about it.
In this post, we bring you all the facts straight about Cash ISAs which will surely help you decide to open a one. 1828...
- Posted 26th April 2016
UK Key Tax dates for 2016
Paying right amount of taxes should always be one of your top priorities. It is because if you are not able to do so, you will not be able to escape from penalties. And, such penalties can range few hundreds to thousands. That’s why it is important for you to know all the key tax dates.
Some of the important tax dates for 2016 are listed below. 1821...
- Posted 22nd April 2016
Dentistry Show 2016
After the consistent success over two times in a row, we are participating again in this year’s dentistry show. So, if any of you are visiting dentistry show 2016, do visit us at our stand M28 on 22nd & 23rd April.
Like the last year, there will be lecture programme by the world-class leaders covering all important areas related to the dental industry. Moreover, many leading suppliers will showcase their top products and services to the attendees. As a whole, this event will surely prov...
- Posted 17th April 2016
How Spring Budget 2016 Affects Dental Professionals
The Chancellor of the Exchequer, Mr. George Osborne, revealed his first budget of the year in 16 March 2016. This budget comes after the Autumn Statement at the end of the last year.
This year’s budget is fairly designed to help and promote small businesses. It is planned to deliver security for working people, reduce deficit, achieve surplus, long term solutions of problems, build infrastructure and support the saving of the new generation. But, how will it affect the dental industry? Toda...
- Posted 4th January 2016
What Expenses Can Be Claimed By Self-Employed?
If you are a self-employed, different types of costs will be incurred when running your business. As maintaining such costs can be very difficult, it is best you learn about claiming these expenses which help you reduce the tax bill.
Here is a list of certain types of business expenses you can claim for.
Allowable expenses
There are certain types of costs which you can claim as allowable expenses. Allowable expenses must be incurred ‘wholly or exclusively’ for your business purposes o...
- Posted 27th December 2015
What are the Types of Private Pension?
If there is any type of investment that will help you in your future, private pension is your solution. This is why it is important you start saving for your later life after retirement early on.
A private pension scheme allows you or your employer to save money for your future. With a private pension scheme, you or your employer can make contributions from your earnings which you will get after your retirement.
On the other hand, your dependants will also get protection from this saved mone...
- Posted 22nd December 2015
Best Money Saving Tips for Dentist
Being in a dental practice, you have to work for long hours which can be very stressful and tiring. Along with that, you need to be ready for any dental emergency even after your office hours. As a result, you will be left a little time which you tend to spend mostly with your family.
In this situation, your financial structure of your practice gets overlooked causing a financial problem for a long run. This is why you need to be aware about your finance and know some useful money-saving tips...
- Posted 18th December 2015
What You Should Know About Entrepreneurs’ Relief?
Are you an entrepreneur who doesn’t have much clue on the available entrepreneurs’ relief? If yes, it is important you know about this relief in details.
Entrepreneurs’ relief reduces the amount of the Capital Gains Tax on the disposal or selling of all or some part of the business. This type of relief is available for those individuals and some trustees of settlements. So, whether you are former or a latter, you can claim to HM Revenue & Customs (HMRC) in writing by 31 January foll...
- Posted 17th December 2015
Announcement of Budget 2016
The Chancellor of the Exchequer, George Osborne, has announced that the Budget 2016 will be published on Wednesday 16 March, 2016. The Budget is the annual event which is renewed by the legislation each year. He had previously delivered a Budget Statement on 18 March 2015.
This will be his seventh budget which is expected to set out the government’s plans for the economy according to the latest forecasts and tax proposals for the subsequent year. He had declared the Autumn Statement back in...