At LT Accounting, we recognise that keeping up-to-date with the latest accountancy news and regulatory changes is not merely a requirement—it’s a strategic edge for your UK business. Our knowledge hub is committed to delivering the most current and influential accounting insights, trends, and updates.
Understanding Mortgage Interest Tax Relief: A Complete Guide
Navigating the maze of tax regulations can feel overwhelming, particularly when it comes to understanding mortgage interest tax relief. Whether you're a seasoned landlord, a homeowner contemplating a buy-to-let investment, or already managing an array of properties, mastering the nuances can significantly impact your tax bills. This comprehensive guide aims [...]
Choosing Between Being a Sole Trader or Limited Company in the UK
Starting a business in the UK can present quite the conundrum: what should you operate as, and what is the best between sole trader vs limited company? This decision isn't just about semantics; it drives how your business will function, the taxes you'll pay, and your personal financial risk. [...]
Company Directors Loan Accounts Explained
Money flows like a river in the world of business, and sometimes company directors may dip into this stream in ways that can raise eyebrows. One such method is the director's loan account, a financial pathway that is often misunderstood, yet incredibly impactful on both the business and the [...]
Corporation Quarterly Tax Payments
Staying on top of tax obligations can make or break your business. For UK companies, corporation quarterly tax payments is a big part of this responsibility. Getting a handle on quarterly instalment payments can help your company avoid penalties and keep cash flow steady. This comprehensive guide simplifies the [...]
Influencer’s Guide to Tax on Gifts and Payments in Kind
Navigating tax on gifts and payment in kind responsibilities can be challenging, especially for those in emerging fields like content creation and influencing. Unlike traditional jobs, influencers often receive non-cash compensation such as PR gifts or complimentary services. It's essential to understand the tax implications of these benefits to ensure [...]
A Guide To Dividend Tax Rates 2024/25
Receiving dividends is a common way to earn income, but it comes with tax obligations. The dividend tax rates 2024/25 is distinct from income tax rates on other types of earnings, which can sometimes create confusion. This guide aims to clarify how dividends work and what you need to know [...]