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Topping up NI Contributions - Deadline Extended
The Government have announced that taxpayers will have until the ...
Expenses and benefits: P11D deadline looming
To stay on the right side of HMRC’s expenses and ...
Deadline Dates for VAT Returns
Quarterly Deadlines: If your VAT quarter ends on the last day of March, June, ...
Why do we only work with QuickBooks and Xero?
Our Accounting Software Partners
We have teamed up QuickBooks and ...
Subsistence Per HMRC - EIM30240
Employers are allowed to reimburse qualifying employee expenses at benchmark rates ...
A new VAT penalties regime was brought in this from January 2023, and any firms or individuals missing their ...
Corporation Tax will increase to 25%
As of 14 October 2022 it has been re-announced the Corporation Tax main rate ...
Anyone filing VAT returns from April 1, 2022 onwards now has to file their return digitally as HMRC’s Making Tax ...
Many property owners opt to rent their property as a Furnished Holiday Letting (FHL). There are several benefits ...
End of year tax planning – what you need to consider
The new tax year on April 6 is accelerating quickly towards ...
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have ...
You can earn up to £7,500 per year tax-free from letting out furnished accommodation in your home, with the Rent a ...
How to create and send customer statements in QuickBooks
Below is a video, detailing how to create and send ...
Have you set money aside to deal with tax on support grants?
HMRC has highlighted that all money paid for test and ...
CIS Should be taken at the time of the payment being made
Statutory Sick Pay (SSP) rebate scheme for small employers is being reintroduced. Read how this effects your business
Financially, 2021 has been a difficult year for many, and you may be struggling to pay your January tax bill in full.
HMRC have published a call for evidence on the case for reforming the rules for registering for Income Tax Self Assessment (ITSA).
If you need to file a self-assessment tax return for the year to 5 April 2021, you have until midnight on 31 January 2022.
Under MTD, taxpayers are required to keep electronic records and report to HMRC digitally. Need help with getting digital? Talk to us
Under Real Time Information (RTI), you must report payments made to employees and associated deductions to HMRC on a Full Payment Submission (FPS) at or before the time at which you make the payment to your employee. However, special rules apply which modify this rule if you pay your employees earlier than usual over the Christmas period. This may be the case if you shut down over Christmas and New Year.
Christmas is a time of giving, and you may wish to give your employees a small token of your appreciation for their work during the year. To prevent the gift being accompanied by an unwanted tax liability, you can take advantage of the trivial benefits exemption to keep the gift tax-free.
If you are holding a Christmas party for staff this year, you may want to take advantage of the tax exemption for annual parties and functions to prevent your employees from suffering a benefit-in-kind tax charge.
From 4 April 2022, applicants applying to renew certain licences will need to pass a tax check before their ...