
Why tax planning is a sound investment
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…

Budget 2021
On 27 October 2021, Chancellor Rishi Sunak gave his second Budget speech of the year. As significant tax changes had been announced in the March Budget, this was widely expected to be more about spending than taxation. Many of these spending…

Making Tax Digital for Income Tax Self-Assessment
HMRC have delayed the implementation of MTD for Income Tax Self Assessment by a further year.
You will now need to be ready to make your first quarterly uploads to HMRC from April 2024.
It may seem that we have plenty of time to achieve…

30 days to pay capital gains tax
Since April 2020, all UK residential properties disposed of by UK resident taxpayers – that create a taxable gain for Capital Gains Tax (CGT) purposes – will have to be reported to HMRC within 30-days of the disposal. Any CGT payable will…

Customer Spotlight: Spartan IT Systems
This month, we’re excited to shine a spotlight on: James Spencer, Owner of Spartan IT Systems
Tell us a little about Spartan and what they do?
Spartan IT Systems was started at the very beginning of the pandemic. What began as a need to…

Filing deadlines and tax saving tips for 2020-21
Benefits and the tax consequences
At the end of each tax year, you will usually need to submit a P11D form to the tax office for each employee you have provided with expenses or benefits, for example, a company car.
The total taxable benefits…

What are the new National Minimum Wage rates?
The Government has approved the Low Pay Commission's recommendations for the new National Minimum Wage to be increased 2.2% from £8.72 to £8.91. The new wage rates take effect on the 1st April 2021 and if you're aged 23 years and over, you…

Will HMRC contact me about SEISS payments?
If you commenced self-employment after 5th April 2019
If you started your self-employment after 5th April 2019, you were initially denied support under the Self-Employed Income Support Scheme (SEISS) and the first three quarterly payouts…

Can I claim the fourth and fifth SEISS payouts during 2021?
If you commenced self-employment after 5th April 2019
If you started your self-employment after 5th April 2019, you were denied support under this scheme from the first three quarterly payouts to 31st January 2021.
The good news is that…

How do I move my business forward after lockdown?
From June 21st, 2021, the government has now declared its intention to have all UK businesses back up and running and free of lockdown restrictions.
As with all of these announcements, it's worth noting this date depends on the continuation…



