Most Self Assessment Tax Returns are handled by Accountants for good reason
Posted by Karen Jones on October 2, 2023Innocent errors on a tax return can be a red flag for HMRC and may well draw unwanted attention to the taxpayer. Engaging an accountant can help.
Central assessment of VAT – HMRC’s process for late returns
Posted by Karen Jones on September 28, 2023When you miss a VAT return, HMRC does a central assessment of VAT. Changes to the system mean it’s more important than ever to file on time. If you don’t, it may be more likely you’ll experience enforcement action.
Private Residence Relief for CGT – how does it work?
Posted by Karen Jones on September 11, 2023If you sell your main home, Private Residence Relief (PRR) means you normally don’t pay Capital Gains Tax. But there are exceptions!
Is my mobile phone tax deductible?
Posted by Karen Jones on September 4, 2023Is your mobile phone tax deductible? It depends on whether you’re a sole trader, partner or limited company. We explain the rules.
Self Assessment tax return – are you required to complete one?
Posted by Karen Jones on August 16, 2023Do you know if you meet the criteria for submitting a self-assessment tax return? If not then this is a MUST read…
IHT forms: which ones could help you claim back thousands?
Posted by Karen Jones on August 7, 2023When you lose a loved one you may need to pay inheritance tax. But, there are two IHT forms that could help you claim back thousands.
Allowable expenses for employees – could you claim back tax?
Posted by Karen Jones on July 31, 2023If you are employed, you may be able claim tax relief on a range of allowable expenses for employees – without having to fill in a tax return
Don’t pay Capital Gains Tax……!
Posted by Karen Jones on July 24, 2023If you sell your own possessions and make a large profit you could be liable to pay capital gains tax. Contact THP to learn how to reduce your CGT bills.
Simplified expenses for self-employed people – a quick guide
Posted by Karen Jones on July 19, 2023What are simplified expenses for self-employed people? And are they worth claiming? We take a look at the pros and cons.
Savings tax bites as interest rates rise
Posted by Karen Jones on July 17, 2023More and more people are falling into the savings tax trap. We look at why this is happening and ways of legitimately cutting your tax bill.
