The cash basis for unincorporated businesses to calculate profits – is it worthwhile?
The cash basis has been in existence for 10 years now, and it is a “simplified” regime to calculate taxable […]
Business Support
National Minimum Wage – make sure you are not falling foul of the rules
Around 63,000 people were out of pocket to the tune of £5 million in the latest announcement by the government
Tax avoidance schemes – too good to be true and costly when it goes wrong!
There have been over the years all sorts of “schemes” dreamed up designed to significantly reduce tax bills. However, HMRC
Tax returns – please file early – do not leave till the last minute!
There are many reasons to file tax returns as soon as practicable, and filing early does not mean having to
Is a tax return still needed to be filed with HMRC?
From tax year 2023 to 2024 onwards, the Self-Assessment threshold for HMRC customers taxed through PAYE only, has changed from
Accounting – don’t be tied to the desktop – use the mobile apps
You don’t have to be at a desk using a PC to run your accounts. Whilst cloud-based products can be
Automated Accounts review
Especially for those that use Xero or QuickBooks! If you use Xero or QuickBooks for accounting purposes, there are various
Payroll and withdrawal of Employer’s allowance
Employers can, subject to certain exceptions, claim £5,000 Employers Allowance – a reduction in the Employers National Insurance rates payable
PAYE Tax codes! HMRC systems can cause headaches and extra work……?
A real-life scenario: An employee earns £3,125 per month – £37,500 p.a. However, in April she had a bonus of
Are you an “accidental landlord” and are you disclosing the income to HMRC?
Are you an “accidental landlord” and are you disclosing the income to HMRC? An accidental landlord is one where a