Happy New Year and welcome to our first Tax Update of 2024. In this edition we review ideas to save tax, wills & inheritance tax, pension contributions, payroll software updates for the NIC cut, as well as looking ahead to the self-assessment deadline. NEW YEAR RESOLUTIONS TO SAVE TAX At…
WIN a bottle of Dom Pérignon! In the build-up to Christmas, we’re raising money for the MND Association, so first off, we’ll give you the link to our JustGiving page – CLICK HERE We are doing this in memory of a dear friend and work colleague who sadly passed away…
Welcome to the December 2023 Tax Update. In this edition we take a look back at the Chancellor’s Autumn Statement, the Unified R&D Tax Credit Scheme, advisory fuel rates for company cars; and what’s coming up on the ‘Accounting Horizon’. If you need any help or advice on any of…
With inheritance tax receipts to HMRC set to reach new levels this financial year, now more than ever are families needing to plan for their future. Inheritance tax could take a large proportion of your wealth – 40% of everything above £325,000 – and stop your family members enjoying the…
On 22nd November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament. Headlines included generous National Insurance Contribution (NIC) cuts for workers and the self-employed and the ‘biggest permanent tax cut in modern British history for businesses’. Below, we summarise the Autumn Statement headlines and other measures announced. Please…
A client recently asked us to check a letter they had received, as they felt it was suspicious. The letter looks as though it has come from HMRC with an urgent request regarding Web Filing Access for Corporation Tax. The letter looks very authentic and a great deal of time…
In the digital era, leveraging digital marketing offers a multitude of advantages that empower businesses to flourish and outpace their competition. Let’s take a look at the various ways in which digital marketing can be a game-changer for your enterprise. Cost-Efficient Marketing Solutions: Digital marketing presents a more cost-efficient alternative…
HM Revenue and Customs (HMRC) is reminding working families to give their childcare budget a boost by opening a Tax-Free Childcare account. Parents can use Tax-Free Childcare to help with childcare costs for school holiday clubs, breakfast or after school clubs, childminders or nurseries. You can get up to £500 every 3…
A Warning from HMRC The HM Revenue & Customs (HMRC) is alerting Self-Assessment customers to be vigilant against scam texts, emails and phone calls from fraudsters. As the deadline for submitting Self-Assessment tax returns for the 2022-23 tax year (31st January 2024) approaches, scammers are targeting unsuspecting individuals by posing…
Welcome to the November 2023 Tax Update. In this edition we take a look at year-end tax planning, are all LLP Members self-employed, HMRC challenging LLP schemes for property businesses. charging EVs at home, reclaiming input VAT on the sale of shares; and this month’s events on the accounting horizon.…