What is Accounts Payable?
The money a company owes to its creditors, suppliers, and vendors for goods and services received is referred to as accounts payable. In plainer terms, it stands for the unpaid debts and commitments that a business must pay. This covers everything from the purchasing of products to paying for utilities and even business loans. Example […]
What Tax Deductions can I receive when Working from Home in 2023?
With an increasing number of individuals embracing remote work, the question of tax deductions has gained renewed relevance. The fusion of home and office spaces has spurred inquiries about the potential financial benefits of working from home. In this context, it becomes important to understand the tax deductions that individuals can leverage while working from […]
10 ways to manage your family finances
10 ways to manage your Family Finances When you have a family, it is important to take responsibility of your finances. Managing family finances involves careful planning, budgeting, and communication among family members. Here are some steps to help you effectively manage your family’s finances: 1. Create a Budget The foundation of successful financial management […]
How much can you earn before paying tax?
How much can you earn before paying tax? There are a few things that determine how much you can earn before paying each tax year. How much can you earn before paying tax? The current amount of income you don’t have to pay tax on is the Personal Allowance of £12,570. If you claim Marriage […]
HMRC Self Assessment help line closure
How can I get in touch with HMRC when the Self Assessment phoneline is closed? According to HMRC almost any task that can be resolved via telephone can also be done via their webchat service. The Self Assessment webchat service is open from 8.00am to 7.30pm from Monday to Friday and 8.00am to 4pm on […]
How to register for Self Assessment – step by step guide
How to register for Self Assessment – Step by Step guide There are different ways to register for Self Assessment depending on whether you are self-employed (e.g. sole trader), not self-employed or registering a partner or partnership. In this blog post we’ll explain what needs done and how to do it. The deadline to register […]
