This author has yet to write their bio.Meanwhile lets just say that we are proud Lizzie Robinson contributed a whooping 268 entries.
The Chancellor, Jeremy Hunt, presented his Autumn Statement on 22 November 2023, focussing on five areas: reducing debt, cutting tax and rewarding hard work, backing British business, building domestic and sustainable energy and delivering a world-class education. From a tax and National Insurance perspective, highlights included the abolition of Class 2 National Insurance and a […]
If you provide your employees with company cars or company vans, or if your employees use their own vehicles for work, you may wish to consider switching to electric vehicles to take advantage of some of the tax breaks that are on offer. Although the tax charges for electric and low-emission cars are to rise […]
Considering the future and crafting financial plans is a prudent practice. World Savings Day, which encourages setting aside a portion of your income on a regular basis, epitomises this financial wisdom. The history of World Savings Day was established in 1934 in Milan, Italy, during the First International Savings Bank Congress, where representatives from 29 […]
Making repayments through Self-Assessment If you are within Self-Assessment and have a student and/or postgraduate loan in respect of which repayments were due to start before the end of the tax year to which the return relates, you will need to complete the student or postgraduate loan section of the return. Key dates Self-Assessment tax […]
If you have a dormant company, you may receive a letter from HMRC asking you to confirm that no tax is due. You may need to do this even if you have already told HMRC that your company is dormant. Key dates Company accounts must be filed with Companies House within nine months of the […]
Taxpayers must undertake various tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties. Interest is also charged on tax paid late. Key dates The key dates in October 2023 are 1st October for corporation tax payments, 5th October for […]
Child Trust Funds are tax-free savings accounts for children. A report published in July this year revealed that almost one million young adults have unclaimed Child Trust Funds worth in total £1.7bn. The child is able to access the funds in the account when they turn 18. Key dates The scheme applied to eligible children […]
In today’s dynamic business landscape, finding innovative ways to enhance productivity and employee satisfaction is paramount. At An Accounting Gem, we believe that embracing the use of personal vehicles by staff members can unlock a range of benefits for both our team and our valued clients. Let’s explore how this approach is driving success and […]
Although the deadline for filing your 2022/23 Self-Assessment tax return online is not until 31st January 2024, there are benefits to filing early. Once you know how much you need to pay, you can put money aside to meet your tax bill. Key dates The 2022/23 Self-Assessment tax return must be filed online by 31st […]
Celebrating Our Furry Friends: National Dog Day on August 26th Get ready to mark your calendars and shower your furry companions with love and treats because National Dog Day is just around the corner! On August 26th, dog lovers all around the world will come together to celebrate the incredible bond between humans and their […]
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