Tax tips

Short answers to questions founders ask too late.

Watch Wet Floor explain common tax and accounting topics in plain English, then talk to us about how the detail applies to your business.

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Wet Floor explains

Crypto gains and Self Assessment

Bought, sold or traded crypto? Here is when a gain may need to go on a tax return.View original on TikTok ↗
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Wet Floor explains

Five tax allowances worth checking

A quick run-through of deductions and allowances business owners often miss.View original on TikTok ↗
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Wet Floor explains

What HMRC can see online

Online income is increasingly visible. Understand what that means before a deadline arrives.View original on TikTok ↗
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Wet Floor explains

Three pillars of tax planning

Company profit, personal tax and the director's loan account—explained without the jargon.View original on TikTok ↗
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Wet Floor explains

The personal allowance explained

A plain-English look at the allowance freeze and what it means as income rises.View original on TikTok ↗

Use the answer properly

Short video. Full context before action.

These videos explain the starting point, not a personal tax answer. Crypto disposals, allowances, director transactions and online income can all depend on dates, values, other income and the records available. Keep the evidence behind the transaction and check the current rule before filing.

What HMRC can see is not the same as what you owe.

Platforms and financial institutions increasingly report information, but a data point does not calculate the tax for you. The useful next step is to bring all income and disposals together, separate personal and business activity and work through the correct return.

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