The Rent a Room Scheme – a brief guide
Posted by Karen Jones on April 12, 2024Did you know that, if you rent furnished accommodation in your main home, you could earn £7,500 tax free under the Rent a Room scheme?
MTD ITSA – should you sign up early?
Posted by Karen Jones on April 11, 2024Although Making Tax Digital for Income Tax Self Assessment (MTD ITSA) won’t be mandatory for a while, you can sign up early. But should you?
Construction VAT Reverse Charge
Posted by Karen Jones on April 10, 2024Working as a contractor or subcontractor in the construction industry? Here’s what you need to know about the Construction VAT reverse charge.
IR35 tax rules changing – double taxation to end
Posted by Karen Jones on April 4, 2024From April 2024, IR35 tax rules are changing. Organisations facing penalties will no longer have to worry about ‘double taxation’.
How to reduce your Corporation Tax bill…
Posted by Karen Jones on March 29, 2024We have devised a few suggestions on how to reduce your Corporation Tax bill. Forward Tax planning is key to reducing taxes.
What improvements are allowed for Capital Gains Tax?
Posted by Karen Jones on March 25, 2024If you improve an asset, you can deduct the cost from CGT. But what improvements are allowed for Capital Gains Tax?
Working from home tax break: beware the rule change!
Posted by Karen Jones on March 8, 2024Have you been claiming the working from home tax relief? If so, make sure you know the correct rules for the current tax year.
Government Gateway accounts to be replaced
Posted by Karen Jones on March 4, 2024The government is phasing out Government Gateway accounts. Soon you’ll be able to access central government services using a single login.
MTD for Income Tax to cost sole traders and landlords £350
Posted by Karen Jones on February 26, 2024HMRC has released figures that estimate how much it will cost sole traders and landlords to implement and comply with MTD for Income Tax.
HMRC clamps down on unpaid dividend tax
Posted by Karen Jones on February 12, 2024HMRC is writing to business owners it believes have failed to declare and pay dividend tax. We tell you what you need to know.
