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.
What is the 1263L Tax Code?
Navigating the labyrinth of tax regulations in the UK can often feel like deciphering a cryptic puzzle. One of the most talked-about elements in this maze is the 1263L tax code. For many, it's just a mysterious combination of numbers and letters that appears on their payslip. But what does [...]
Do Influencers Pay Tax? Unveiling the Not-So-Glamorous Side of Fame
In the world of social media stardom, where selfies and hashtags reign supreme, one might wonder: do influencers pay tax? Yes, indeed! Just like the rest of us mere mortals, influencers must navigate the not-so-glamorous world of taxes. So, buckle up and prepare for a fun and enlightening journey through [...]
What is a CIS Statement?
Welcome to the Construction Circus! Ah, the construction industry—a world where hard hats meet even harder regulations. Among the many mysterious documents floating around, the CIS statement stands out like a crane on a construction site. But what is it, really? Let’s embark on a journey to demystify the CIS [...]
Navigating Self Assessment Tax Returns for Landlords
Being a landlord comes with a myriad of responsibilities, not least of which is ensuring you’re compliant with HMRC’s tax regulations. Self Assessment Tax Returns for Landlords is a crucial aspect of managing your property investments. Whether you're new to the game or a seasoned pro, it's vital to know [...]
How Do Sole Traders Register for Self Assessment?
Starting your own business as a sole trader is an exciting journey. You’re the boss, the visionary, and the executor all in one. But with great power comes great responsibility, especially when it comes to taxes. One of the most crucial tasks on your to-do list will be registering for [...]
Navigating the VAT Maze: A Dropshipper’s Guide
Welcome to the VAT Jungle Ah, the world of online dropshippers! A land full of promise, potential profits, and... paperwork. If you're a dropshipper, you’re probably more interested in finding the next hot product than figuring out how to file a VAT return. But wait! Before you go chasing those [...]