Late Self-assessment return? Penalties go up in May
Posted by Jon Pryse-Jones on April 25, 2024If you haven’t filed a late Self-assessment Tax Return by 1st May, you’ll get hit by penalties of £10 a day. Don’t fall into this trap!
Benefits of cloud accounting – 6 reasons to make the switch
Posted by Kirsty Demeza on April 24, 2024If you’re looking for a more efficient way to do your accounts, then it’s time to look at the benefits of cloud accounting!
VAT news – a Spring roundup
Posted by Karen Jones on April 22, 2024In this blog we cover the latest VAT news, from changing registration thresholds to the final say on whether a marshmallow is VAT rated!
Millions to become higher rate taxpayers – will you be one?
Posted by Karen Jones on April 22, 2024Millions of people are set to become higher rate taxpayers, thanks to a frozen personal allowance and wage increases. But can you avoid it?
When should you submit a 60 day CGT return by post?
Posted by Jon Pryse-Jones on April 18, 2024When you sell certain properties, you usually submit your 60 day CGT return online. In some cases, though, you must post your return to HMRC.
The Rent a Room Scheme – a brief guide
Posted by Karen Jones on April 12, 2024Did you know that, if you rent furnished accommodation in your main home, you could earn £7,500 tax free under the Rent a Room scheme?
MTD ITSA – should you sign up early?
Posted by Karen Jones on April 11, 2024Although Making Tax Digital for Income Tax Self Assessment (MTD ITSA) won’t be mandatory for a while, you can sign up early. But should you?
Can’t pay Inheritance Tax? You could apply for a grant on credit
Posted by Ben Locker on April 8, 2024If you can’t pay Inheritance Tax on time, you may be able to apply to HMRC for a ‘grant on credit’ – giving you extra time to pay.
IR35 tax rules changing – double taxation to end
Posted by Karen Jones on April 4, 2024From April 2024, IR35 tax rules are changing. Organisations facing penalties will no longer have to worry about ‘double taxation’.
Is build-to-rent pushing smaller landlords out of the BTL market?
Posted by Ben Locker on April 1, 2024The number of build-to-rent properties in the UK is rising rapidly. But is their rise beginning to push smaller landlords out of the market?
