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, Misc, National Insurance, News, PAYE, Payroll, Pensions, Tips
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, Misc, News, Tax, Tips
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...
May 1, 2023 | Business Start Ups, FAQ, Information, Misc, PAYE, Payroll, Tips
Payroll services can be a great asset for business owners who want to ensure accuracy, reduce costs, and streamline payroll management. By using a payroll service, you can cut time spent on tax filing and other mundane tasks, save money by avoiding costly mistakes or...
Apr 10, 2023 | Grants, Information, ISA, News, Tax, Tips
The latest Budget on March 15 was a mix of wins and losses for people and companies around the country, with some considerable changes for pensions and the highest rate taxpayers thrown in. The personal allowances for the 2023/24 tax year were largely frozen once...
