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Are You Cybercrime Savvy?

September 2021

cyber security

Cybercrime has been a long-standing issue, and we have only seen it grow since the beginning of the pandemic. The BBC have reported that investment scams have quadrupled since virus lockdown. Your financial security is our priority, so we’ve put together some information that can help you identify suspicious activity in the digital world. The […]

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NICs and Dividend Tax Rates 2022 Summary

September 2021

NIC and Dividend Changes 2021

In a bid to help fund health and social care costs, National Insurance contributions (NICs) and dividend tax rates will rise from April 2022 National Insurance Contribution changes from April 2022 Employees will pay 1.25% more on National Insurance (NI) from April 2022. A recap on who pays NI: All employees on their salaries (those […]

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Do I Have to Pay UK Tax on Foreign Income?

September 2021

Photo of Calculator Surrounded by Foreign Currency

We get asked this question a lot. So often in fact that we decided it’s a subject worth covering in a blog. In most cases, there is a simple answer to this question. If you are not a UK resident, you won’t need to pay tax in the UK. If you are a UK resident, […]

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From Idea to Start-Up: A Lending Hand

July 2021

Start-Up Assistance from Accountants

Going from the creative stage to the nitty-gritty details of registering your start-up business, managing finances, tax, bookkeeping – and everything else that comes with running a business – can be a daunting leap. We are here to guide you through all of these intricacies, and assure you that you have an experienced helping hand, […]

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What’s the Difference Between Accountants & Bookkeepers?

June 2021

Identifying the differences between accountants and bookkeepers

For businesses of any size, accounting and bookkeeping can services provide considerable and profitable advantages. They help to ensure that a business is compliant with HMRC, that they are maximising their finances, and can optimise a business’s growth. It is, however, often questioned what the difference is between the two functions, and which one is […]

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Could you be overpaying on CIS?

April 2021

Construction Industry Scheme (CIS) - Tax Advice

If you work for a contractor in the construction industry as a self-employed individual, under the CIS, the contractor is obliged to withhold tax on its payments to you. Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. Registered CIS workers receive their payments net of […]

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Seafarers’ Tax Deduction: Specialist Tax Advice

March 2021

Seafarers Tax Deduction: Tax Advice at Aston Shaw

If you’re an employee who works at sea, and you are a UK or EEA tax resident, you may be eligible for Seafarers’ Earnings Deductions. This means you can claim a 100% tax relief on your earnings. Eligibility You may qualify for Seafarer’s Earnings Deduction as a seafarer if: All of your duties are performed […]

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Budget 2021: Key Points

March 2021

Budget Day 2021 summary

As many of us look forward to a potential end to COVID-19 restrictions, today’s 2021 budget announcement has been anxiously awaited by individuals and businesses alike. In this article, we outline the Government’s key tax and spending plans for the year ahead, providing insight (where possible), on how these announcements are likely to affect you. Coronavirus The Furlough Scheme has been extended until the end […]

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Self-assessment tax return 2021: why submit early?

December 2020

Self-assessment tax return 2021

31st January 2021 is the deadline. HMRC are encouraging those who are submitting their self-assessment tax return to beat the January rush and to complete them as soon as possible. After all, if you submit early, you can’t be late – and late submissions mean substantial fines. It is now less than 2 weeks until […]

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Capital Gains Tax May Double for Second Home Owners

November 2020

Capital Gains Tax

The new government review, commissioned by Rishi Sunak, has suggested that the amount of tax levied on capital gains should be raised by billions of pounds. This will principally affect those who own second homes (including landlords) or assets not shielded from tax. The review was launched by Mr Sunak as part of his strategy […]

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