Dividends from your company
From April 2022, as well as an increase in the national insurance contributions, the tax on dividends also increases. An […]
Tax
Making Tax Digital for VAT – the countdown clock is ticking
From their first VAT period starting on or after 1 April 2022, VAT registered businesses (including self-employed and landlords) that
Tax payments
he tax payable under self assessment was due for payment on or before 31 January. Interest and penalties are charged
QuickBooks Desktop software user? Support ceasing on January 31 2023…what now?
QuickBooks desktop users are being notified that support will be discontinued, and it appears that desktop versions might not even
“Casual Labour” – tread carefully!
There have long been misconceptions regarding labour costs, “self-employed staff” and “cash in hand” payments. Employing someone through the PAYE
Tax return filing deadline approaching fast!
The deadline for submitting the 2020-21 tax return to HMRC online is 31 January 2022, and any tax due should
Which VAT code do I use in my software?
For VAT registered businesses, there are many VAT codes that can be chosen. It is easy to get them wrong,
Making Tax Digital for VAT – are you filing returns through the MTD portal?
All businesses have to use MTD for VAT returns due on or after 1 April 2022. This means keeping digital
Inheritance Tax and gifts out of income
There is a £3000 annual allowance for gifts – a very small amount! However, another exemption which might be useful
Would the VAT Flat Rate scheme save you money?
Under the VAT rate scheme, a flat percentage is used to calculate the VAT payable, ignoring VAT incurred on expenses.