The current regulations that the HMRC have set in place for the UK regarding cryptocurrency is that an individual will be liable to pay Capital Gains Tax (CGT) when they dispose of any crypto assets they may have. What classes as a disposal for Capital Gains Tax (CGT)? If you are classed as…
Category: Tax
Turas Crypto - When are you classed as a trader?
The world of cryptocurrency is a huge one. There are many different levels of trading and investing in cryptocurrency, and it can become confusing when you are wanting to work out what bracket you and your business are classed under. Just like any other income you have, it is important you are logging it correctly…
What you need to have ready to complete your self assessment tax return
Preparing for and submitting a self assessment tax return can be a daunting task, especially if it is your first time doing so. Throughout our decades of experience in helping individuals with this task, we have learnt that preparation is truly key to success. To help you make sure you have all the relevant…
7 Top Tips for the best bookkeeping
We understand that for the majority of business owners, the thought of bookkeeping and ensuring your accounts are in order can sound very boring, complicated and all-in-all, something you want to put off doing. However, having excellent bookkeeping skills is something that every business owner should be striving for. Here’s 7 of our top…
10 reasons to get your tax return done early
The deadline to submit your tax return online is 31st January 2022. Whilst this may seem like you have plenty of time, everyone is always so shocked at how quickly it comes around. As accountants, we always try to encourage our clients to start preparing for their tax return as soon as possible, and to…