Aug 7, 2023 | Business Start Ups, Expenses, Information, News, Tax
Charitable giving is something many organisations might not be considering in the current climate, especially as everyone is struggling to pay their bills. But if you have money to spare within your business, then charitable giving is a great way to reduce your tax...
Jul 24, 2023 | Information, News, PAYE, Self-Assessment
The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything. That said, there have been times in the past where HMRC...
Jul 17, 2023 | Business Start Ups, Expenses, FAQ, Information, News, Self-Assessment, Tax
HMRC is changing the way sole traders and partnerships need to calculate profits for their self-assessment returns. The Revenue will require the profits to be declared for the tax year in question, rather than the accounting year as is currently the case. Any sole...
Jun 19, 2023 | Expenses, FAQ, Information, National Insurance, News, PAYE, Payroll, Pensions
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more or less tax than you should be, and may need to reclaim that money, or pay more....
May 8, 2023 | Expenses, FAQ, Information, News, Tax
Higher earners have been dealt a blow after the Chancellor changed the level at which the 45% additional rate of tax applies from £150,000 to £125,140. The move takes effect in the 2023/24 tax year and brings the threshold in line with the point at which the personal...
