Making Tax Digital 2023/2024: Everything You Need To Know
Did you know that since 2019, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been asked to[…]
How To Pay Your Self-Assessment
This week’s post is all about paying your self-assessment tax return, and what you can do if you cannot pay it as soon as you[…]
The Ultimate Guide to Employer Expenses and Benefits
Are you an employer and you provide expenses/benefits to employees or directors. Here is some advice, you might need to tell HM Revenue and Customs[…]
How to Claim Capital Allowances Like a Pro
When you buy equipment, tools, or other assets for your business, those costs usually cannot be deducted all at once in your accounts. Instead, HMRC[…]
Small Business Payments on Account
Managing your taxes as a small business owner can feel overwhelming, especially when dealing with payments on account. In this guide, we’ll explain what payments[…]
How to secure the right accountant for you
Top tips for choosing an accountant Once you’ve decided it’s time to hire an accountant, the next step is to choose which accountant to hire.[…]
Payroll and Pensions – Benefits for Limited Companies
If you’re a director of a limited company, you can contribute pre-taxed company income to your pension pot. What’s more, because an employer contribution counts[…]
What is cash basis?
Cash basis is a way to work out your income and expenses for your Self Assessment tax return, if you’re a sole trader or partner.[…]
What is a self-assessment tax return?
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings.[…]
How to correctly claim for capital allowances
We are back with another post that will surprise you. Are you claiming for capital allowances correctly? You can claim capital allowances on items that[…]
