In-Accountancy

News and Views

View your Personal Tax Account

You should view your Personal Tax account, according to Stockport accountants, IN Accountancy, since HMRC are now advising employers that staff will benefit from doing this and it could cut down the number of enquiries  made by their payroll or HR departments.

Sarah Harkness, IN Accountancy’s MD, said: “It’s a good thing to promote to your employees as it will result in businesses spending less time dealing with payroll enquiries.”

How to use your Personal Tax Account

By doing this employees can advise HMRC online about changes that may affect the tax they pay. The services available through the Personal Tax Account include:

  • checking income tax estimates and tax codes
  • advising HMRC about changes affecting company cars
  • using the online forms available to claim tax deductible work expenses or a tax refund
  • checking the expected level of their state pension
  • renewing tax credits
  • advising HMRC of a change of address.

How to register

In another recent development the system for registering for this service has been revised and it is now possible to register using your National Insurance Number and P60 information. To register visit https://www.gov.uk/personal-tax-account

Internet link: Employer Bulletin

Related articles

Accountants for Amazon Sellers
Limited Companies

Amazon Sellers – top tips to ensure your long term success

Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?

If this sounds like you, it seems you are not alone.

More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…

We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…

Read More »

Find out how we can help?

Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.

 

Let’s start a conversation 

    Subscribe me for updates and news from In Accountancy

    IN-ACCOUNTANCY

    Search