The Ultimate Guide to Capital Gains Tax for UK Property Owners
The Ultimate Guide to Capital Gains Tax for UK Property Owners Octa Accountants 7 Min Read Jan 16, 2024 Company Incorporation If you own property in the UK and intend to sell it, you may be subject to capital gains tax (CGT), which applies to the profit you make when selling a property that has […]
What is a P11D Form and How to Complete It Correctly in 2025?
What is a P11D Form and How to Complete It Correctly in 2025? Octa Accountants 7 Min Read Jan 16, 2024 Company Incorporation The P11D form is a key document required by HMRC to record taxable benefits granted to employees in addition to their normal income. Whether it’s a business car, private healthcare, or interest-free […]
How to Register for Self-Assessment Tax Returns in the UK: A Step-by-Step Guide
How to Register for Self-Assessment Tax Returns in the UK: A Step-by-Step Guide Octa Accountants 7 Min Read Jan 16, 2024 Company Incorporation If you receive income outside of PAYE employment in the UK, you may be required to file self-assessment tax returns. Whether you’re self-employed, a freelancer, an investor, or receive money from dividends, […]
What is Making Tax Digital (MTD) and How Does It Affect Your Business?
What is Making Tax Digital (MTD) and How Does It Affect Your Business? Octa Accountants 7 Min Read Jan 16, 2024 Company Incorporation In this age of digital revolution, businesses frequently adapt to new technologies that simplify operations and increase productivity. Making Tax Digital (MTD), is one such effort launched by HMRC to upgrade tax […]
How to Calculate Corporation Tax for Your UK Business in 2025?
How to Calculate Corporation Tax for Your UK Business in 2025? Octa Accountants 7 Min Read Jan 16, 2024 Company Incorporation Corporation tax is a levy imposed on the profits of limited companies operating in the UK. A basic understanding of calculating corporation tax in the UK is crucial for businesses to remain compliant with […]
Top 10 Accounting Software Benefits for Small Businesses in the UK
Top 10 Accounting Software Benefits for Small Businesses in the UK Octa Accountants 7 Min Read Dec 25, 2024 Company Incorporation In today’s thriving, dynamic, and competitive business world startups as well as small businesses must manage their finances effectively. The ever-evolving nature of the cutthroat business market has become even more complex with the […]
How VAT is Calculated?
How VAT is Calculated? Octa Accountants 7 Min Read Dec 25, 2024 Company Incorporation VAT is considered a fundamental aspect of the UK taxation system as it affects both businesses and consumers alike. Calculating VAT and staying compliant with the ever-evolving tax laws can be a daunting task. But if divided into smaller steps it […]
When Does a Small Business Have to Pay Tax in the UK?
When Does a Small Business Have to Pay Tax in the UK? Octa Accountants 7 Min Read Dec 25, 2024 Company Incorporation Running a small business in the UK has its unique challenges and can be quite an overwhelming task. Whether you are a well-established business or a start-up among the many responsibilities the priority […]
Tax Saving in UK for Self-Employed Professionals
Tax Saving in UK for Self-Employed Professionals Octa Accountants 7 Min Read Dec 25, 2024 Company Incorporation Being self-employed in the UK undoubtedly gives you independence, flexibility, and control over your career. However, with this independence comes the huge responsibility of managing taxes effectively. Self-employed individuals frequently confront challenges in understanding their tax duties and […]
How to Choose the Best Accounting Firm in UK?
How to Choose the Best Accounting Firm in UK? Octa Accountants 7 Min Read Dec 25, 2024 Company Incorporation Managing finances is a very critical step in the development of a business regardless of its scale. Whether you are a small start-up or a well-established business having your finances sorted is extremely important in the […]