Category

Tax
In the midst of the Covid-19 (or coronavirus) lockdown, it’s safe to say that ‘business as usual’ simply hasn’t been possible for many companies up and down the country. With only stores providing essential supplies able to remain open and others only permitted to operate online, businesses of all sizes and niches are struggling to...
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Claiming all the tax reliefs you’re entitled to is one thing we advise all our clients to do. Self-employment can after all be a rewarding yet challenging experience, especially when it comes to maintaining the cash flow that keeps you and your business afloat. By claiming all the tax reliefs, allowances and expenses you’re eligible...
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Self Assessment offers a convenient way to file tax returns and settle any outstanding Income Tax and National Insurance Contributions (NICs) for many professionals, including sole traders. Whether you’re completing your Self Assessment tax return yourself or getting a little help from a professional like us, there are a few dates that will certainly be...
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The Self Assessment deadline is looming, which can leave most self-employed professionals scrambling to complete and file their tax returns. No matter how many times you’ve had to file your tax return, the completion of Self Assessment doesn’t seem any less stressful. But with the right knowledge, you can file your return accurately and on...
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What Changes Does the New Tax Year Bring? With the end of one tax year, comes the beginning of another. The new era however doesn’t just represent the approach of another self-assessment deadline. Several tax changes have been implemented as of 6th April 2019, but what does the start of the 2019/20 tax year mean...
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After a long wait, the Making Tax Digital (MTD) deadline is finally upon us. As of the 1st April 2019, all VAT-registered businesses who are above the £85,000 threshold will have to use this more effective and efficient tax system to submit their returns. Going digital has been a long time coming, if you’re yet...
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There are several reasons why you may not be able to pay your self-assessment tax return bill on time. Cash flow difficulties are one of the most common reasons for late payment to HM Revenue & Customs (HMRC), but it’s important to understand that you’re not alone. According to recent findings, as published in The...
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Update: The Making Tax Digital Pilot Has Been Extended! After introducing the Making Tax Digital (MTD) scheme and unveiling the benefits that go hand-in-hand with the digital accounts packages it endorses in our last blog post, we’re back with an update. The HM Revenue & Custom (HMRC) pilot of Making Tax Digital has now been...
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Making Tax Digital In today’s technologically driven world, everything we need is now at our fingertips courtesy of the smartphones, tablets and other devices that keep us connected to the net anytime, anywhere. So it comes as no surprise that HM Revenue and Customs (HMRC) is digitalising the UK tax system. The start of Making...
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Making Tax Digital Technology has done wondrous things for a vast selection of sectors. The world of accounting has been equally transformed with the software used by our team making the management of finances and the meeting of tax obligations simple for the businesses and sole traders we work with. The government’s plans to make...
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