Details of £400 Energy Grant
In a previous article we mentioned that the government will give households a £400 discount on their energy bills in winter. As the date draws near, the government has recently announced details on the energy grant. The grant covers almost all households in the UK and...
How Sole Traders Choose Pension Savings
As of now, more and more people tend to start their own companies or start their own businesses or take the form of individual employment. As the self-employment market grows, people are gradually leaving their workplaces. This means that there are no longer...
The Register of Overseas Entities
Companies House has confirmed that the Register of Overseas Entities was officially opened from 1 August 2022, a decision created under the Economic Offences (Transparency and Enforcement) Act 2022 passed earlier this year. This means that overseas owners who want to...
Beware of ‘careless mistakes’
Penalties for careless mistakes in tax returns? Recently, some departments have calculated the 2021/22 year HMRC fines for taxpayers in tax returns. The 80% penalty for "careless mistakes" by taxpayers has nearly tripled by 40,000 from the previous year.How to Assess...
4 Problems Getting Your Mortgage
In our previous article, we talked about how to get better mortgage rates during the home buying spree to ease the stress of future repayments. This article will focus on what the someone are self-employed and sole traders need to be aware of when taking out a...
Important Tips for eBay Users
Nowadays, more and more businesses and customers are enjoying the convenience brought by online transactions. The amount of time people spend on eBay has also increased in recent years. In fact, more scams will become more active with the gradually emerging platforms....
“We are Having to Pay for Inflation”
The latest results show that inflation in the UK is now at its fastest pace in 40 years. According to the latest statistics, the consumer price index (CPI) rose by 9.4% year-on-year as a whole. Among them, milk, edible oil and flour all increased by more than 20%....
Being or Set up as a Sole Trader
Nowadays, more and more people want to start their own businesses or become their own bosses. Although the business model is not so complicated, they also face a series of problems such as taxation. Three quarters of businesses in the UK are currently self-employed...
Knowing the Tax Investigation
Some self-employed individuals sometimes face sudden tax audits, often for no single fixed reason. Sometimes HMRC suspects that inaccurate tax returns can trigger serious tax investigations. Once the lengthy investigation begins, it will be complicated and a headache...
Teaching Kids About Money
The summer holiday is approaching. As usual, you may want to take your kids to Europe for a holiday to get close to nature and enjoy life. In fact, the UK is going through a long special period this year, which has left many people no longer having more disposable...
