Welcome to the AWOC Accounting blog. We look forward to sharing lots of informative and helpful business tips.
Capital Gains Tax (CGT) is a tax on the profit (the gain) made when you 'dispose' of an asset you own. The term "disposal" usually refers to the sale of an asset, but it can also refer to giving it away, exchanging it for something else, or receiving compensation for...
Making Tax Digital (MTD) is at the heart of HMRC's strategy to become one of the world's most digitally advanced tax administrations. The plan, which was first announced in March 2015, is to simplify tax by replacing existing processes with digital record keeping and...
A general partnership, like other types of business structures, must register with HMRC. This means that both the partnership and its partners accurately declare and pay their taxes. A selected partner will be assigned to the partnership and will be responsible for...
Submitting your tax return as soon as the new fiscal year begins may seem strange, but it has advantages. Rather than postponing your Self-Assessment tax return until January, read our guide to why filing it sooner is preferable. How early can I submit my Self...
We are happy to announce that our partner site 'Crypto Tax Online' has officially been launched! The confusing world of Crypto is constantly changing, this makes it increasingly difficult to stay on top of everything in the industry. Crypto Tax Online is here to...
Even if you're also the owner, you're legally separate from your limited company as a director. This means that, unlike a solo trader, you are not allowed to retain all of the gains for yourself. Instead, you'll have to figure out how much you're going to pay...
