Tax Archives | Aston Shaw

Tax

Blog

Be Wary of Scammers Claiming to be HMRC

March 2019

HMRC Phone Scams

HM Revenue & Custom’s (HMRC) have warned of a 360% increase in phone scams within the last six months, as agents, we have also noticed a rise in the number of concerned clients getting in touch about suspicious calls. HMRC attribute this spike to a successful crackdown on email and SMS phishing, resulting in criminals […]

READ MORE

Review Your Personal Finances Before the Tax Year End

March 2019

5th April 2019

As we fast approach the end of the tax year, now is the time to review your personal finances. Here are the key areas we recommend you review before 5th April 2019. ISA Allowance For the 2018/19 tax year, the maximum amount you can add to your ISA is £20,000 and this allowance will remain […]

READ MORE

Capital Gains Tax Changes That All Landlords Need to Be Aware Of

March 2019

Landlord Holding Pen With Keys

Attention all landlords & ladies: Are you considering selling one of your properties, or at least toying with the idea? If so, read on as some upcoming changes might affect your decision. As a landlord, you’ll already be feeling the pinch from the various changes the government have introduced; most notably with stamp duty, relief […]

READ MORE

Are You Paying Too Much National Insurance?

March 2019

National Insurance Card

Worried you’re paying too much National Insurance? Read on to find out. There is what’s called an ”annual maximum” of national insurance contributions applying to every individual in a tax year. The most common scenario of an individual paying too much national insurance arises when they are working two or more jobs. It even applies […]

READ MORE

Our Comprehensive Guide to Making Tax Digital

February 2019

Person on iPad Using MTD Software

Making Tax Digital (MTD) is the name of the Government’s ambition to change the way in which we record financial data and report this information with HMRC. It requires taxpayers to keep digital records, instead of manual ones, and communicate with HMRC using a different reporting system to that which is currently in operation. Why […]

READ MORE

Are You Eligible For Marriage Allowance?

February 2019

Marriage Allowance - Photo of Married Couple Holding Hands

Believe it or not, there are some perks associated with being married. One of these benefits is Marriage Allowance, an entitlement that often goes unclaimed. The Married Couples Allowance for individuals born after 6th April 1935 will allow you to transfer some of your Personal Allowance to your partner. The Personal Allowance is the figure that […]

READ MORE

Is Your Company’s Christmas Party Tax Deductible?

October 2018

Group of work colleagues smiling with drinks at Company Christmas Party

Are you a limited company and do you want to save money on your company’s Christmas do? Well then, you’re in luck, because each year HM Revenue & Customs offer a small tax break for a company’s Christmas party. Technically there isn’t an allowance for a Christmas party per se, however, HMRC does provide limited […]

READ MORE

Increase in HMRC Interest Rates

August 2018

HMRC building against grey sky line

The interest charged to those making late tax payments has increased from 3% to 3.25%. Interestingly, the amount of interest that HMRC pays on top of refunds owed to taxpayers remains the same at 0.5%. The interest rate for repayments has been at 0.5% since 2009. The accountancy body ACCA says it is “simply unfair” that […]

READ MORE

Why You Should Embrace Making Tax Digital

August 2018

Hand holding smartphone with calculator on screen and tax form. Tax calculator, mobile app for accounting concepts. Making Tax Digial (MTD)

In our opinion, Making Tax Digital (or for brevity’s sake, MTD) is something to be embraced rather than feared. As with any legislative change, the new MTD reporting rules have forced businesses to reflect on whether they are compliant and what they need to do to ensure they stay on the right side of the […]

READ MORE

How to Get Ready for Making Tax Digital

July 2018

Making Tax Digital Graphic

Making Tax Digital (MTD) is a term you have most likely come across before, and it’s a term you will be hearing a lot more of as the deadline approaches and the Government ramps-up promotion. In a nutshell, Making Tax Digital (MTD) is, as its name implies, a digitised tax system that will completely change […]

READ MORE

Sign up for our news and business insight newsletter

No spam. No waffle. Just useful, practical and valuable news and insight, straight to your inbox. We always protect your personal data.

Aston Shaw Twitter Logo
Client Login

Secure Document Exchange Login

To request access to use the Client Login feature, please email:


client@astonshaw.co.uk

Username:
Password:

You have Successfully Subscribed!

Secure Document Exchange Login

Please email or call your Client Manager directly to be set up with access or if you have lost your login credentials.


Username:
Password:

You have Successfully Subscribed!