Corporation Tax update: possible Budget increase and Making Tax Digital
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Corporation Tax update: possible Budget increase and Making Tax Digital
Posted by Karen Jones on February 24, 2021

This Corporation Tax update covers a potential tax hike in the March 2021 budget, plus a government consultation on Making Tax Digital.

Ahoy – The End of the Tax Year is Nigh!
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Ahoy – The End of the Tax Year is Nigh!
Posted by Karen Jones on February 1, 2021

The end of the tax year is near, don’t leave your taxes to the last minute, start planning now and leave yourself time to take advantage.

Owed a Marriage Allowance rebate? You may lose out if you don’t claim by April
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Owed a Marriage Allowance rebate? You may lose out if you don’t claim by April
Posted by Karen Jones on February 1, 2021

Married or in a civil partnership? You could be owed a large Marriage Allowance rebate from HMRC. Don’t miss out; make sure you claim soon.

Not claiming Child Benefit? You could be damaging your state pension
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Not claiming Child Benefit? You could be damaging your state pension
Posted by Karen Jones on January 27, 2021

If you are in the High Income Child Benefit Charge bracket, not claiming child benefit can be a costly mistake as you maybe putting your state pension at risk.

Personal tax allowance, NI and income tax rates 2021/22
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Personal tax allowance, NI and income tax rates 2021/22
Posted by Karen Jones on January 13, 2021

Unsure what the personal tax allowance, NI and income tax rates are for 2021/22? This post gets you up to speed on the changes.

Tax Return deadline looms. Don’t forget to pay any amounts due by 31 January!
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Tax Return deadline looms. Don’t forget to pay any amounts due by 31 January!
Posted by Karen Jones on January 9, 2021

The Tax Return online submission deadline is looming ever closer (31st January) so If you haven’t made your submission or provided everything to your accountant you are very short on time to get this done.

HMRC penalties on the rise – don’t get caught out
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HMRC penalties on the rise – don’t get caught out
Posted by Karen Jones on December 21, 2020

The taxman is stepping up his investigations and HMRC penalties are on the rise. We explain how to avoid getting hit by these unwelcome bills

CGT changes coming up? What the Office of Tax Simplification proposes
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CGT changes coming up? What the Office of Tax Simplification proposes
Posted by Karen Jones on November 16, 2020

With the government wanting to increase its income at a time of record spending, the OTS is proposing major CGT changes. But what are they?

Construction VAT Reverse Charge postponed – again
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Construction VAT Reverse Charge postponed – again
Posted by Karen Jones on November 11, 2020

The Construction VAT Reverse Charge has been postponed again. We explain how contractors and sub-contractors can get ready for the change.

How to reduce your Corporation Tax bill…
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How to reduce your Corporation Tax bill…
Posted by Karen Jones on November 2, 2020

We have devised a few suggestions on how to reduce your Corporation Tax bill. Forward Tax planning is key to reducing taxes.

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