What is cryptocurrency? Cryptocurrency is a digital currency that made its first appearance in 2009 in the form of Bitcoin. Since then, other forms of cryptocurrency have been introduced like Ripple in 2012 and Ethereum in 2015. This virtual currency is based on...
What is buy-to-let property “Buy to let” is a type of investment in property. In this type of investment, the property is purchased via mortgage not for personal use but for the purpose of letting it out and earning rental income from it. Mortgage is paid from the...
What is pension? Can a company pay pension contributions into its director’s personal pension? The simple answer to this question is yes it can and will be tax deductible. However, there are some conditions which we are going to discuss in its article. Types of...
April 2021 saw one of the biggest shake-ups of the use of contractors in the private sector. The change fundamentally altered how companies must choose, appoint, and manage their contractors. Contractors’ responsibility for determining IR35 status and paying...
The government’s Tax-Free Childcare scheme is open to all eligible parents in the UK. If you’re looking for help with childcare costs, this appeal guide will tell you everything you need to know about the scheme. What is The Tax-Free Childcare Scheme?...
What is a Directors Loan Account (DLA)? A DLA is a ledger that helps keep track of all transactions between the director and the company. Directors may sometimes take money out of the business or put money back in to pay for day-to-day business expenses. These...
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