This author has yet to write their bio.Meanwhile lets just say that we are proud Lizzie Robinson contributed a whooping 267 entries.
Do you submit a self-assessment tax return and are due to make a second payment on account for the tax year 2021-22 on or before 31 July 2022? You may have an opportunity to reduce how much you need to pay. Why would a reduction be possible? The self-assessment tax payment you are due to […]
Self-assessment tax returns for the tax year 2021-22 do not need to be filed until 31 January 2023. In which case, why do we recommend that returns are prepared as soon as possible after 6 April 2022? There are three reasons- Reducing payments on account due 31 July 2022 You may be […]
From April 2024, landlords with rental income in excess of £10,000 per annum will need to submit quarterly returns of income and outgoings to HMRC using their Making Tax Digital links. This will not apply to property owners who run their property business using a limited company until MTD covering corporation tax is implemented at […]
As we take a deep breath and consider our business planning options for 2022, the relevance of accurate, readily accessible accounting data has never been more apparent. Without up-to-date, real-time data we cannot make the judgments that may mean the difference between survival and failure this coming year.. What is changing in 2022? Why this […]
As UK regional governments turn the screw to limit the spread of the new COVID Omicron variant, we have set out below how you can access details of the current financial support that is available to UK business owners affected by these changes. Major grant options, the Coronavirus Job Retention Scheme, and the Self-Employed Income […]
An Accounting Gem’s blog will take you through the tax allowances and reliefs that will help you celebrate with your business colleagues, family and friends this Christmas and New Year holiday period and claim any costs as a tax-allowable deduction. Christmas magic and tax write-off Christmas is usually a time for people to get together, […]
Could you find useful employment for a young person in your business, and have the costs met 100% by government sponsorship? What is Kickstart? The scheme was launched September 2020 and aims to find employers who are willing to take on 16 to 24-year-olds, who are claiming Universal Credit, and at risk of long-term unemployment. […]
What you can write off against tax for replacement of domestic items in your rented properties At An Accounting Gem we often get asked by our clients to clarify what can be claimed if domestic items in your rented property are replaced. The following notes are a short summary of GOV.UK published material regarding the […]
Most of us would rather avoid the word “tax” and yet tax planning offers a unique opportunity to reduce the amount of tax that you pay and make a positive contribution to your efforts to outpace the current economic downturn and emerge financially more secure. The rest of this blog does sketch out some of […]
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