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Contaminated land indemnity policy
A contaminated land indemnity policy is a form of insurance designed to protect developers, land and property owners, and lenders from potential financial losses associated with the discovery of land contamination. The policy will typically cover the costs of remediation, legal expenses, as well as ...
land remediation
Living on a relatively small and crowded island, available land is always at a premium. This is particularly true in thriving towns and cities where finding land for development can be challenging. Over the years, land has been used for a wide range of purposes, particularly in urban areas. Some of ...
Business tax deadline
A key date in any company calendar is the business tax deadline. Knowing when to file business taxes is not only important for ensuring you meet your tax obligations, it can also help with tax planning. For a small business, when to file taxes is one of the most important dates in the business year....
What are tax credits for businesses
Business tax credits are government incentives designed to support companies of all sizes while encouraging particular behaviours, strategies or investments. They take various forms, including exemptions, allowances, and reliefs, but a common element is they reduce a company’s tax liability. Busin...
Tax on selling a business
If you’ve worked for years growing your business, there may come a time when you want to step back and sell it to someone else. This can be a moment to enjoy the rewards of your endeavour over the years. However, selling a business does come with tax implications you ought to be aware of. [&hellip...
Business tax ID number
Ensuring your records are accurate and you pay the correct amount of tax is an essential requirement of running a business. Every business and individual registered for self-assessment in the UK is issued with an identifying number to facilitate timely tax reporting. But what is a business tax ID nu...
Personal Tax Account
Creating a personal tax account can simplify how you manage your tax affairs and communications with His Majesty’s Revenue and Customs (HMRC). Increasingly, HMRC is encouraging businesses and individuals to open online accounts for submitting financial information and paying their tax liabilities....
Personal Tax ID Number
When you register to pay tax and National Insurance (NI) in the UK, His Majesty’s Revenue & Customs (HMRC) issues a Unique Taxpayer Reference (UTR). This enables you (and HMRC) to quickly identify your tax and NI records, ensuring you can make payments and remain compliant. Your UTR can be use...
How long do I need to keep personal tax records
Need to know how long you should be keeping your personal tax records? Ensuring your personal tax affairs are in order is essential. Get it wrong, and you could end up paying too much (or too little) tax. Managing your personal tax records is critical for individuals as well as businesses, helping t...
How to increase your personal tax allowance
Looking for strategies on how to increase your personal tax allowance? There is a range of personal tax allowances that can make a significant difference to your overall liability for tax. Understanding personal tax allowances is essential to ensure that you don’t end up paying more tax than is ab...