Autumn Statement 2023

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…

Electric vehicles tax breaks - 2023-24

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…

World Savings Day 31st October

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…

Student Loan Repayments

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…

Dormant companies - Tell HMRC

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…

HMRC Deadlines - October 2023

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…

Child Trust Funds - unclaimed accounts

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 Advantages of Staff Members Using Personal Vehicles

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…

File your 2022/23 tax return now

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…

National Dog Day on August 26th

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…
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