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accruals and prepayments

Accruals and Prepayments – Complete UK SME FAQ Guide

In the UK, managing a small business requires careful attention to detail, including knowing when your income and expenses occur....

hmrc overpayment relief claim

HMRC Overpayment Relief Claim – How To Claim A Refund For Overpaid Tax (Step-by-Step)

Paying taxes is inevitable — but paying too much tax doesn’t have to be. Every year, thousands of UK taxpayers...

Depreciation Accounting

Depreciation Accounting: A Practical Year End Guide For UK SMEs

In accounting, depreciation is a technique used to distribute an asset’s cost over its expected or useful life. This can...

HMRC Income Tax Personal Allowance Petition

How to File an HMRC Income Tax Personal Allowance Petition

A single digit in your tax code can change how much you pay HMRC. Yet, most taxpayers rarely double-check it....

how is paye calculated

How is PAYE Calculated in the UK? Ultimate Step-by-Step Guide with a Simple Example

It may be difficult to calculate your PAYE (Pay As You Earn) tax in the UK, particularly if you don’t...

HMRC Tax Bill Errors

Fix HMRC Tax Bill Errors – Guide for Individuals & SMEs

Learn how to identify and fix HMRC tax bill errors for individuals and SMEs. Correct mistakes and claim refunds quickly....

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