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Extracting profits in 2024/25 - Outsourced Financial | Outsourced Bookkeeping Services
If you run your business as a personal or family company, you will need to extract your profits in order to use them personally outside...
May 3, 20243 min read
Submit your tax return by 30 December to have your tax collected through PAYE - Outsourced Bookkeeping Services UK | Outsourced Financial
Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have...
Jan 26, 20242 min read
The VAT domestic reverse charge: what your construction business needs to know - Outsourced Bookkeeping Services | Outsourced Financial
The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid...
Jan 26, 20242 min read
Depreciation versus capital allowances - Outsourced Financial | Outsourced Bookkeeping Services
Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at the profit for tax...
Jan 22, 20243 min read
When does period of ownership for PRR start? - Outsourced Financial | Outsourced Bookkeeping Services
Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal of an only or...
Jan 22, 20242 min read
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