There are about 2.6m private landlords in the UK, and although some have large, lucrative property portfolios, 43% of private residential landlords in England rent out just one property. About 39% rent out two to four properties, while 18% rent out five or more. It’s
Read moreSign-up Link – https://meet.zoho.com/opPjbN0fUP Date: Thursday 20th October at 3.30pm (BST). Description – GoSimpleTax’s in-house tax expert, Aiden Corcoran, will look at and discuss tax as an expat, he will talk about… • Coming to the UK/Leaving the UK – the tax implications • Split
Read moreA Unique Taxpayer Reference (UTR) number is a ten-digit code required by all sole traders, partnerships, and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever. You will also need a UTR if you have other forms of
Read moreGoing into business with a partner or partners can offer many benefits. You can gain from other people’s talent, ideas, knowledge, skill, contacts and cash, just as they can gain from yours. You can also share the workload, risk and responsibilities, while avoiding feelings of
Read moreWith prices across the board rising faster than they have for decades, many of us are watching the pennies more carefully, tightening our belts and looking for ways to cut costs. That includes the UK’s 2.6m private landlords, many of whom can’t put up the
Read moreKeeping your costs to a minimum is advised when starting a business, because it means you can pay off your start-up costs sooner and then start to make a profit. You also risk losing less money if the business doesn’t get off the ground. Some
Read moreThe UK is facing a serious cost-of-living crisis. It’s being driven by eye-watering utility bill increases, rocketing fuel pump prices and record inflation that’s making the weekly supermarket shop and other purchases far more expensive. Moreover, interest rates are increasing, with more hikes expected, while
Read morePayment on Account is due for many on 31st July 2022. Did you know, filing your 21-22 tax return now could reduce your payment on account for July! By now you will have received your brown envelope from HMRC if you are due to make
Read moreHow much UK rental income is tax-free if you’re a UK landlord living overseas? It’s a dream that many people in Britain have. Move to another country, somewhere sunnier, to work or retire. For those who choose to live their dream, living overseas is often
Read moreUpdate January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. All VAT-registered businesses in the UK must now meet new reporting requirements introduced as a consequence of Making Tax Digital. If you don’t run a VAT-registered
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