Tax

Please come to our free event: Making Tax Digital. This free event: Making Tax Digital, will cover everything from Cyber Security, GDPR & Data to Making Tax Digital, making this a must-attend event for any business. The way financial performance is both recorded and reported is soon to be modernised, but is your business ready […]

As we approach the end of the tax year, it might be worth considering making contributions toward your pension. There are several good reasons for this which we will cover in this blog, whether some or all these reasons apply to you will depend largely on your current circumstances. 1. Maximise your annual tax relief […]

For as long as most of us can remember, HMRC has accepted personal credit cards as a payment method for self-assessment tax bills. However, this is set to change on 13th January 2018. Paying with a personal credit card has long been a popular means of payment for sole traders and businesses, even with a […]

Are you one of the two types of people no longer required to submit a self-assessment tax return? Simple Assessment first took effect in September 2017, which means some taxpayers no longer need to disclose information about their income via a self-assessment tax return. The term ‘Simple Assessment’ may ring a bell, it’s a term […]

Who needs to file a Self Assessment Tax Return? The self assessment tax return is an annual requirement for people who do not pay their tax automatically through PAYE. Self assessment tax returns are often submitted electronically to HMRC, with the deadline being 31st January following the end of the tax year. Alternatively, if filing […]

Have you ever thought about running a business from home? Let’s take a look at what you need to know to make your decision. 1. Permissions You may need permission from a few entities before you can run a business from home; one of these is your mortgage provider or landlord. You should check with […]

The rules on property tax relief are changing. These changes could have significant implications for those wishing to rent out or purchase additional properties. These changes have likely come about due to new figures revealing that multiple property ownership has dramatically risen in recent years. The new tax changes could affect a substantial amount of […]

It is a sad fact that around this time of year, HMRC scams become more common. Fraudsters and scammers of all varieties often pose as HM Revenue & Customs (HMRC) staff, due to many taxpayers having payments due by 31st July. Scammers may attempt to communicate with you through a variety of methods, including emails, […]

Making Tax Digital (MTD) has been the talk of the industry for quite some time now, questions about how the scheme will work and the impact it will have, has been the topic of discussion since it was first announced. Recently though, HMRC announced that the controversial ‘Making Tax Digital’ scheme will be delayed until […]

Your business model probably isn’t something you would think affects your VAT liability. And why would you? At first glance both things appear completely unrelated, however this could not be further from the truth. By making yourself aware of your VAT obligations and how your business model impacts on them, you will be able to […]