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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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Understanding Corporation Tax in the UK: A Complete Guide for Businesses

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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Self-Employed in the UK? Here’s Your Complete Tax Checklist

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 […]

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How to File Your Company’s Annual Accounts in the UK – A Complete Guide

Filing 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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