Selling property in the UK can often trigger a significant tax bill—one many people don’t fully anticipate. Whether you're a landlord selling a rental property, a developer exiting a project, or a homeowner disposing of a second property, Capital Gains Tax (CGT) can eat into...
In a profession where precision is paramount, one small error in your firm’s finances can lead to a much bigger problem. From mismanaging client funds to missing tax deadlines, legal accounting mistakes can quietly drain your profits, trigger compliance issues, and damage the trust you’ve...
Managing a medical practice is no easy task. As a healthcare establishment, your primary focus should be patients, not payslips. ...
In the education sector, managing finances can be a complex task. Whether you’re overseeing a single school or managing an academy trust, there’s a lot to juggle. From ensuring financial transparency to complying with strict regulations, it’s easy to feel overwhelmed. ...
The healthcare sector is known for its complexity, and managing finances requires high expertise. Healthcare accounting mistakes can have severe consequences, from regulatory penalties to inefficient cost management. ...
The world of tax is never static, and businesses and individuals must stay ahead of the curve to ensure compliance and efficiency. One of the areas most affected by recent tax reporting changes is the Income Tax Self-Assessment (ITSA) system and P11D reporting....
Whether you’re a seasoned property investor or a first-time seller, it’s essential to understand the Capital Gains Tax on property sales (CGT) and how it applies to your specific situation when selling property in Kent. ...
Double-entry bookkeeping is a fundamental system used in accounting. It ensures that every financial transaction is recorded in two separate accounts: one as a debit and one as a credit....
As the political landscape in the UK evolves, many individuals and businesses are concerned about potential tax increases under a Labour government. At CTMP Accountants, we understand safeguarding your wealth is a top priority. ...
When managing your finances or handling business accounting, you may find yourself at a crossroads: should you hire a qualified chartered or regular accountant? While both play vital roles in providing essential services, there are significant differences in their qualifications, expertise, and professionalism....