Tax

The deadline to submit your tax return online is 31st January 2024. 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...

In the first budget by Jeremy Hunt, set against the back drop of a mini budget that was then virtually all retracted and a black hole in the country’s finances, there was always going to be some dramatics. Here’s our round up of the key take aways.   State pension...

The new chancellor Jeremy Hunt has today announced a reversal to most of the tax cuts that were being rolled out following the mini budget three weeks ago.   The corporation tax cut has been repealed and will revert to the format that Rishi Sunak had put in place.  This...

When running a business, there are many different dates and pieces of information that you need to be aware of and have in mind throughout the year. Unfortunately, running a business isn’t as straightforward as we’d often like it to be. You need to be on top of the latest...

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...

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...

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...

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.  ...

The budget was announced today, and there were a few announcements, but generally speaking for the average working person, there won’t be any changes.   The biggest announcement was regarding National Minimum/Living Wage. This will be increased next year (April 2022) to £9.50 from it’s current rate of £8.91 for...