Latest news and updates
It is rumoured that the Chancellor will delay any increase in the Income Tax higher rate tax threshold beyond the present April 2028 freeze. The UK...
28/10/2024
There are a little over three months remaining to file your self-assessment tax return online for 2023-24. The deadline is 31 January 2025. As this...
24/10/2024
There are specific rules that restrict changing a company’s year-end date, also known as the "accounting reference date". Initially, this is...
There are specific customs requirements for commercial goods that you take with you to sell abroad. You must declare any goods intended for sale...
The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to...
If you have submitted a self-assessment return and later realise you need to make changes, there are specific rules to follow. This situation might...
A final reminder that the 2023-24 tax return deadline for taxpayers who continue to submit paper self-assessment returns is 31 October 2024. Late...
Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, allowing you to anticipate any cash shortages....
21/10/2024
There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the...
HMRC has issued a new press release reminding readers of a limited-time opportunity to enhance their State Pension. Currently, there is an opportunity...
17/10/2024
Self-assessment taxpayers typically need to pay their Income Tax liabilities in three instalments each year. The first two payments on account are due...
Self-employed individuals are usually required to pay Class 4 National Insurance contributions (NICs) if their annual profits exceed £12,570. For the...
