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Personal Tax

Subsistence Allowance – How to reduce that Mound of Receipts!

5th December 2019 | Written by In Accountancy | Categories : Limited Companies, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Subsistence Allowance – How to reduce that Mound of Receipts!

Are you fed up with dealing with multiple expenses and all those itty bitty receipts for meal deals, coffees and fast food? What you can or can’t claim differs dependent on the legal entity under which you trade, and sole
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Christa Ackroyd Loses IR35 Appeal

7th November 2019 | Written by In Accountancy | Categories : Contractors, News, Personal Tax, Tax Advice
Tagged in: HMRC, IR35, taxation rules,
Christa Ackroyd Loses IR35 Appeal

Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company.


HMRC Countdown: File Your Tax Return

6th November 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more
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What is Profit and how do I calculate it??

18th October 2019 | Written by In Accountancy | Categories : Limited Companies, Personal Tax
Tagged in: Tax, Turnover,
What is Profit and how do I calculate it??

What exactly is profit and why does it matter? Or what’s the difference between net and gross profit and all the other related terms we hear? If this is a question you’ve ever asked or been asked, then hopefully the
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Self-Assessment Deadlines

11th September 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Self-Assessment Deadlines

Two self assessment deadlines are approaching: 5th October 2019 For those individuals who have not previously completed a tax return but need to report a liability for 2018/19. 31st October 2019 For those individuals who have previously submitted ‘paper’ self
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Digital Services Tax

8th September 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: Government, Tax,
Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide revenues from these
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Wage Growth at a High

29th August 2019 | Written by In Accountancy | Categories : Client News, Personal Tax
Tagged in: HMRC, wage growth, wages,
Wage Growth at a High

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019, the highest rate since the financial crisis in 2008. According to the ONS, wages have been
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Tax Gap Remains Low

15th July 2019 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Tagged in: HMRC, Tax, tax gap,
Tax Gap Remains Low

HMRC has published a report showing that the UK tax gap in 2017/18 is estimated to be £35 billion.  This is 5.6% of total theoretical tax liabilities, and a small increase of 0.1% from 5.5% in 2016/17. HMRC therefore secured
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Cash Accounting for Landlords

28th June 2019 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Tax Advice
Tagged in: self-employed, Tax,
Cash Accounting for Landlords

Landlords – remember to prepare your accounts on the cash accounting basis. Unless you have specifically opted out of cash accounting (which you need to do each year on your tax return), remember that the cash basis now applies automatically
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Marriage Allowance in 2019

27th June 2019 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Marriage Allowance in 2019

So, perhaps not a reason to pop the question, but if you are married, and are eligible you should definitely check whether you have been claiming any marriage allowance available to you. What are the tax benefits for married couples
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Tax Free Childcare – what you need to know

26th June 2019 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Tax Free Childcare – what you need to know

Tax Free Childcare is something which all new parents and parents to be should be aware of. For many working parents, childcare costs can play a large role when planning a return to work, or considering their career options and
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Cycle to work scheme – updated June 2019 to include E-Bikes

19th June 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Personal Tax, Tax Advice
Tagged in: tax saving,
Cycle to work scheme – updated June 2019 to include E-Bikes

As cycling continues to grow in popularity with e-bikes leading the way in getting more and more people using pedal power, the government has at last lifted its cap on the value of bikes and associated safety equipment which can
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