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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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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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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At TT Accountancy, we help London businesses navigate the complexities of Corporation Tax efficiently. Whether you’re a startup or established company, this comprehensive guide explains everything you need to know about UK Corporation Tax in clear, actionable terms. What is Corporation Tax? Corporation Tax is a tax on profits made by: Current Rates (2024/25): “Many […]
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At TT Accountancy, we specialize in helping London’s self-employed professionals stay tax-compliant while maximizing their earnings. Whether you’re a freelancer, contractor, or sole trader, this comprehensive checklist ensures you meet all HMRC requirements while keeping more of your hard-earned money. Why This Checklist Matters ✅ Avoid average £1,600 in late-filing penalties✅ Claim £3,000+ in typical […]
READ MOREFiling your company’s annual accounts is a legal requirement for all UK limited companies. Missing deadlines or submitting incorrect information can lead to penalties, fines, or even company dissolution. At TT Accountancy, a trusted accounting firm in London, we help businesses stay compliant with Companies House and HMRC regulations. This step-by-step guide explains how to […]
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Starting a business is exciting—but it also comes with important decisions. One of the first is choosing the right legal structure. If you’ve decided to form a limited company in the UK, this step-by-step guide from TT Accountancy in London will walk you through the entire registration process. Why Choose a Limited Company? A limited […]
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At TT Accountancy, we’ve seen too many promising London startups struggle with cash flow – in fact, 82% of small businesses fail due to poor cash management. Don’t become another statistic. These practical strategies will help you maintain healthy cash flow in London’s competitive market. Why Cash Flow is Critical for London Startups London’s high […]
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Running a small business in London comes with exciting opportunities—and complex tax responsibilities. At TT Accountancy, we help London entrepreneurs minimize tax liabilities, maximize savings, and stay compliant with HMRC regulations. Here are our top 10 tax tips to keep more of your hard-earned revenue while avoiding costly mistakes. 1. Register Correctly & On Time […]
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Running a business in London comes with financial complexities – from tax regulations to payroll management. Many business owners try to handle accounting themselves to save money, but this often leads to missed deductions, compliance penalties, and inefficient financial strategies. At TT Accountancy, we prove that affordable accounting services don’t mean cheap quality—they mean smarter […]
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