HMRC are issuing discovery assessments to people they believe should have submitted a 2018/19 tax return containing or undervaluing loan charge amounts.  The implementation of

Talking about your tax planning is incredibly important in such turbulent times. Book a tax-planning session and let’s get up to speed with the latest tax changes.
#tax #accounting

Do you know what ‘payments on account’ are? If you earn income outside of your usual day job, you really need to know about payments on account and how the income tax system works.
#tax #paymentsonaccount #selfassessment

After Jeremy Hunt’s surprise financial statement, what’s actually left from the mini-budget? Read our update on which measures have been axed and which are (at present) still on the table.
#minibudget #tax #business

How much tax do UK employees pay compared to employees in other countries? We take a look at the latest OECD report – and find out how the UK compares to the OECD average.

Did you know it’s possible to become personally liable for your company taxes? We’ve got the intell re Joint and Several Liability Notices and how they could affect your personal finances.
#tax #companytax #JSLN

Was Kwasi Kwarteng’s ‘mini budget’, a plan for growth, or a fiscal disaster? We’ve got the lowdown on all the key measures that were announced on 23 September.
#minibudget #budget #business #economics

Put these Q4 2022 dates and deadlines into your diary. Stay up to date and make sure you’re meeting all your important filing and tax cut-off dates.
#tax #compliance

The current increase to National Insurance contributions (NICs) was reversed in the #minibudget. We’ll help you understand the implications and how to adjust your payroll.
#NationalInsurance #NIC

Are you confident that you’re claiming disbursements correctly for VAT purposes? We’ve covered the dos and don’ts of using disbursements to make payments on behalf of your clients.
#VAT #disbursements #accounting

Did you know you can claim for losses made by your company? We’ve got the lowdown on carrying forward or carrying back your losses so you can claim corporation tax relief.

#tax #losses #corporationtax

The UK Government has U-turned and will now NOT be scrapping the top 45p rate of income tax. We’ve got a breakdown of why and what this means for income tax.
#minibudget #incometax #tax

Should I put my rental property into a company? This is one of the most common questions we get asked and unfortunately the answer is

HMRC has actively started to take a greater interest in the rental market, and we have seen an increase in the number of landlords, especially

Widely criticised for not being implemented quickly enough the Self-Employed Income Support Scheme was introduced to assist sole-traders whose income have been adversely affected. However,

For our article regarding MTD for VAT, click here. From April 2024, Making Tax Digital will apply to all sole traders and landlords who have

For our article regarding MTD for Individuals and Landlords, click here. Making Tax Digital was introduced to all VAT-registered businesses with turnovers of over £85,000.00

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