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 […]
Planning
Benefits provided to employees and directors? The P11d forms need to be submitted online
The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23
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
Inheritance tax – are you affected?
The Nil rate band for estates has been frozen at £325,000 since 2009/10 It is likely to be at this
Gains and losses from cryptoassets
Did you invest in Bitcoin or other similar “cryptocurrency”? Disposals or exchanges of cryptoassets may give rise to gains that
Be aware – there are some tax changes from 6 April 2023
Capital Gains Tax If you are sitting on capital profits – in share portfolios for example -you may wish to
Watch those interest rates
Many will have savings tucked away, perhaps in ISAs or in standard savings accounts. Despite 9 interest rates in 2022,
Do you have significant capital expenditure plans for your limited company?
Get the timing right to maximise tax benefits. Life in taxation is always a moving goalpost – and things might
Are you paying dividends legally?
It is common for a limited company to remunerate the directors/shareholders via a combination of dividends and salary. A dividend
VAT registration – monitor your turnover!
For small businesses, VAT registration is required if, over the last 12 months, the “taxable supplies” have exceeded the VAT