If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day. Therefore, HM Revenue and Customs (HMRC) is reminding parents to claim their Child Benefit. A claim can be made online and the first payment could be received…
Are your children moving on to Approved Further Education or Training? With GCSE results day behind us, many families are considering the next steps for their school-leaving children. If your child plans to continue in approved education or training, it’s important to extend your Child Benefit claim before 31st August…
Welcome to our April Tax Update In this edition we take a look at the changes for the new tax year, child benefit claims, cash accounting, changes to the Basis of Assessment, Making Tax Digital, holiday lettings, capital allowances and R&D. HAPPY NEW TAX YEAR! In this April issue we…
Are you or your employees making good use of Tax-Free Childcare? Tax-Free Childcare is available to working families to help them save on their childcare costs. However, many may not be making use of this provision and with the Easter break soon upon us, HMRC is encouraging families who have…
Welcome to the September 2023 Tax Update. In this edition we take a look Tax-Free Childcare Accounts, Child Benefits, changes to the R&D Relief Scheme, IHT on Pension Funds, and this month’s events on the accounting horizon. If you need any help or advice on any of these topics, please…
Welcome to the August 2023 Tax Update. In this edition we take a look the additional information required for R&D claims, Tax-Free Childcare Accounts, Company BBQs, Inheritance Tax, HMRC’s further interest rate rises, and this month’s events on the accounting horizon. If you need any help or advice on any…
Back to School - childcare vouchers or tax-free childcare account? We take a look at which government scheme is right for employers and staff.
In this month’s ‘Tax Update’ there’s information about Childcare Accounts, SEISS Grant Penalties and Tax Returns, Making Tax Digital and Research & Development.
The Government is concerned about the lack of take up of tax-free childcare accounts, with HMRC estimating that only about 25% of families eligible for the scheme have joined. With many parents returning to work following the pandemic, they should be encouraged to set up a tax-free childcare account to…
The Working Tax Credit (WTC) is designed to help taxpayers on low incomes by providing top-up payments and includes those who do not have children. There are extra amounts available for qualifying