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Pre-trading expenses – Be aware of the rules 6 Feb 2024 Tax - The relief is available for both self-employed traders and companies for specific expenditure.
Making pension contributions before 6 April 2024 6 Feb 2024 Employment, Tax - It's time to review your pension contributions and consider whether it is worth making further contributions.
Extracting further profits in 2023/24 6 Feb 2024 Bookkeeping, Tax - Several ways are available but not all of them are equal from a tax perspective.
Dividend allowance for 2023/2024 8 Jan 2024 Tax - The dividend allowance is available to all taxpayers, regardless of the rate at which they pay tax.
Cash basis extended 8 Jan 2024 Bookkeeping, Tax - The cash basis is a simpler basis of accounts preparation.
National Insurance cut for employees and directors 8 Jan 2024 Leadership, Tax - The main primary rate is 12% from 6 April 2023 to 5 January 2024 and 10% from 6 January 2024 to 5 April 2024.
Capital gains tax year-end planning 8 Jan 2024 Tax - The capital gains tax annual exempt amount falls from £6,000 for 2023/24 to £3,000 for 2024/25.
NIC payable by the self-employed from April 2024 8 Jan 2024 Employment, Tax - The abolition of Class 2 National Insurance contributions takes place in April 2024.
What to do if you receive one of HMRC’s ‘nudge’ letters 8 Jan 2024 Tax - HMRC is now regularly issuing “nudge” letters to encourage taxpayers to review their tax affairs
5 Key Advantages to Outsourcing Accounting Services 5 Dec 2023 Bookkeeping, Tax - There is a wide range of benefits to seeking support from a third-party firm.
Reporting payment to HMRC if you pay your employees early in December 4 Dec 2023 Employment, Tax - Strict reporting deadlines apply under Real Time Information (RTI).
Section 455 tax 4 Dec 2023 Tax - The rate of section 455 tax is linked to the dividend higher rate and is 33.75% in respect of loans made on or after 6 April 2022.