MTD for Income Tax draws closer
The mandatory rollout of Making Tax Digital for Income Tax (MTD for ITSA) is scheduled...
Myths about self-assessment
In a recent press release, HMRC addressed some common misconceptions about who needs to file...
Claims to reduce payments on account
Self-assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each...
Ask for advice
Asking your accountant for advice offers a range of benefits, particularly in guiding both business...
Beware overtrading
Overtrading occurs when a business expands its operations at a pace that exceeds its available...
Tax Diary October/November 2024
1 October 2024 - Due date for Corporation Tax due for the year ended 31...
Qualifying for Business Asset Disposal Relief
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a...
Claiming Child Trust Fund cash
If you turned 18 on or after 1 September 2020, there may be cash waiting...
Present self-employed NIC rates
Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their...
Employing under 16-year-olds and young workers
When a new employee is added to the payroll it is the employers' responsibility to...
Self-assessment deadlines 2023-24
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31...
Penalties for late filing of company accounts
There are late filing penalties which are designed to encourage companies to file their accounts...
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