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What is PAYE and How Does It Work for Employers?

As an employer in the UK, one of your key responsibilities is managing payroll. This includes making sure your employees pay the right amount of tax and National Insurance contributions. The system that makes this possible is called PAYE — Pay As You Earn. At TT Accountancy Services (TTAS), we help London businesses handle PAYE […]

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5 Resources for Small Businesses in London

Running a small business in London comes with exciting opportunities and unique challenges. Whether you’re just starting out or looking to expand, having the right resources can make all the difference. At TT Accountancy Services (TTAS), we work closely with entrepreneurs across the city to help them thrive — and we’ve rounded up five essential […]

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How to Handle Invoicing and Expenses as a Freelancer

Freelancing offers flexibility and independence, but managing your finances—especially invoicing and expenses—can be challenging. Whether you’re a self-employed creative, consultant, or contractor, getting this right is crucial for cash flow, tax compliance, and business growth. At TT Accountancy Services (TTAS), we support UK-based freelancers with expert advice and tools to simplify financial management. Why Proper […]

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This NHS pension age revelation has blown up our financial plans

With NHS pensions back in the news, Mouthy Money decided to look at how the system works. The findings have completely changed editor Edmund Greaves’s long term plans because of the NHS pension age.  I have been pretty complacent about our retirement plans, until I discovered the NHS pension age. For clarity, I don’t get […]

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VAT Registration Thresholds and Rules Explained

Understanding VAT (Value Added Tax) obligations is essential for every business operating in the UK. At TT Accountancy, we help London-based businesses navigate VAT registration rules, stay compliant with HMRC requirements, and avoid penalties. In this guide, we break down VAT registration thresholds, rules, and how to determine if your business needs to register. What […]

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How to Choose the Right Accounting Software for Your Business

Choosing the right accounting software is one of the most important financial decisions a business owner can make. Whether you’re a startup, SME, or growing enterprise in London, the right tool will help streamline bookkeeping, ensure compliance, and provide better financial visibility. At TT Accountancy, we help clients select and implement accounting software that fits […]

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#FinanceFriday – News, Tools, and Case Studies from TT Accountancy Services

Welcome to #FinanceFriday, your weekly roundup of expert insights, industry news, essential tools, and real-life case studies from TT Accountancy Services, your trusted accounting partner in London. Whether you’re a small business owner, a startup founder, or managing a growing enterprise, #FinanceFriday is designed to empower you with knowledge and resources to make smarter financial […]

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Understanding Class 2 and Class 4 NICs for the Self-Employed: A Complete Guide

At TT Accountancy, we help London’s self-employed professionals navigate National Insurance contributions (NICs) with confidence. Many clients find Class 2 and Class 4 NICs confusing – this guide explains everything in simple terms while showing how to optimize your payments. Why NICs Matter for the Self-Employed ✅ Builds your State Pension entitlement✅ Provides access to contributory benefits✅ Affects […]

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The Best Accounting Apps for UK Freelancers in 2025

At TT Accountancy, we’ve helped hundreds of London freelancers streamline their finances. As we approach 2025, the right accounting app can save you 10+ hours monthly while ensuring HMRC compliance. Here’s our curated list of the top accounting solutions tailored for UK freelancers. Why Freelancers Need Specialized Accounting Software ✅ Automated tax calculations (Income Tax, […]

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Should You Be a Sole Trader or a Limited Company?

One of the first and most important decisions you’ll make when starting a business in the UK is choosing its legal structure. For many entrepreneurs, the choice comes down to two options: sole trader or limited company. Each has its advantages and disadvantages, and the right option depends on your business goals, tax preferences, and […]

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