Jun 27, 2022 | Business Start Ups, Expenses, FAQ, Information, Making Tax Digital, Misc, News, Tax, Tips
If you are unlucky enough to be fined for a late filing, then the way in which any appeal can be made changed as of May 7. Prior to this, HMRC had temporarily reintroduced the ability to bulk appeal late filing penalties for income tax in 2020 and 2021. But from now...
May 29, 2022 | Business Start Ups, Expenses, FAQ, Information, ISA, Loans, Making Tax Digital, Misc, National Insurance, News, QuickBooks, Tax, Vat
Using up personal allowances is not the only reason you should see your accountant at the start of the tax year, it is also the best time to get a health and wealth check for your business too. The end of the tax year is the busiest time for your business and your...
May 16, 2022 | Expenses, Information, ISA, Misc, Tax
If you are one of those people who is always racing to use up your tax allowances, such as Individual Savings Accounts (ISAs) at the last minute before the end of April 5, then you are not alone. But you could be making a big mistake. When it comes to mopping up tax...
Apr 19, 2022 | Expenses, FAQ, Information, Misc, Tax
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it.Go back four years The allowance, which is worth up...
Apr 12, 2022 | Business Start Ups, Expenses, FAQ, Information, Tax
A tax charge may arise if an employee is able to use a company car or van for private use. A further charge will arise if you provide the fuel for any private use. The taxable amounts that will apply for 2022/23 have now been announced. Company cars Where an employee...
