
The Importance of Keeping Receipts: Best Practices and Methods
Why Do Receipts Matter? You are often asked whether you want a receipt when making a purchase. While keeping receipts is not legally required for most personal transactions (unless both […]

Maximizing Deductions for Self-Employed Individuals
Understanding Taxable Profit As a self-employed individual, your taxable profit forms the basis of your tax liability. You can reduce this taxable profit by deducting specific expenses incurred in the […]

CGT record keeping
The annual Capital Gains Tax (CGT) exemption for individuals is £11,700 for 2018-19. A husband and wife each benefit from a separate exemption. Same-sex couples who acquire a legal