Category: Finance
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What Is Leveraged Finance? Unpacking Its Key Concepts for Small Businesses
In today’s rapidly evolving financial environment, companies are always seeking creative solutions to support their expansion. One such method that has been making waves, especially in the UK, is leveraged finance. Whether you’re running a small business or simply trying to understand how large corporations secure funds for their expansion, leveraged finance is a crucial…
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What Expenses Can I Claim as Self-Employed? Key Claims You Need to Know
Being self-employed in the UK offers a great deal of flexibility, independence, and the potential to build something of your own. But with all the advantages comes the responsibility of managing your business finances, including understanding what expenses you can legitimately claim to reduce your tax burden. If you’re new to self-employment or have been…
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Do I Have to Declare Self-Employed Income Under £1000?
Self-employment offers a flexible and independent lifestyle, but it comes with a unique set of tax rules that can sometimes be confusing. One question that often arises for self-employed individuals in the UK is: Do I have to declare self-employed income under £1000? In this blog post, we will explore this key question, break down…
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How Much Mortgage Can I Get? Unlocking Your Home-Buying Power!
If you’re asking yourself, “How much mortgage can I get?”—you’re not alone. It’s one of the most important questions prospective homebuyers in the UK need to answer before they begin house hunting or get carried away by what’s on the market. In this guide, we’ll break down how mortgage lenders determine your borrowing power, what…
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Get Clear on How Much Inheritance Tax Will I Pay on 1 Million Today
A Comprehensive Guide for UK Households in 2025 If you’re based in the UK and wondering “how much inheritance tax will I pay on £1 million?”, you’re certainly not alone. With the continuous rise in property prices, more middle-class families are now facing an inheritance tax (IHT) bill once only associated with the ultra-wealthy. As…
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What Tax Band Is My Car by Reg? Get Instant Clarity
If you’re a car owner or prospective buyer in the UK, one common question is: “What tax band is my car by reg?” Knowing your car’s tax band is vital because it determines how much Vehicle Excise Duty (VED), often called road tax, you need to pay each year. With the UK government’s increasing focus…
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Spot an Untaxed Car? What Happens When You Report It to DVLA
Untaxed vehicles are a common sight on UK roads and streets, whether abandoned cars, vehicles no longer in use, or simply owners who have neglected their legal duties. While spotting an untaxed vehicle might seem like a minor issue, reporting it to the Driver and Vehicle Licensing Agency (DVLA) is an important civic responsibility. But…
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What Must You Have When Renewing Vehicle Tax: A Complete Guide for UK Drivers
Renewing your vehicle tax is a crucial responsibility for every driver in the UK. Not only is it a legal requirement, but staying on top of your vehicle tax helps you avoid costly fines and penalties that can escalate quickly. But what exactly must you have when renewing your vehicle tax? Whether you’re a new…
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Rachel Reeves’ BIK Tax changes 2025: The UK’s Bold Move Toward Sustainable Business Practices
In April 2025, Rachel Reeves’ BIK tax changes will transform how UK businesses handle employee perks, particularly company cars. With a strong push toward electric vehicles (EVs) and hybrids, the government is offering financial incentives for greener choices. These changes will impact both employers and employees, reducing tax burdens for low-emission vehicles while increasing costs for…
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The Upcoming Car Tax Changes for Older Drivers: What You Need to Know
Introduction As the UK automotive landscape continues to evolve, older drivers are facing significant changes when it comes to car tax. While many might have become accustomed to the existing system, the upcoming reforms promise to shake things up. These changes could impact your finances, especially if you’re an older driver with a vehicle that…