HMRC launches side hustle tax campaign
Posted by Karen Jones on February 13, 2025HMRC has just launched a side hustle tax information campaign. If you have income from a side hustle, do you know whether you should pay tax?
Finding ways to reduce your tax bill means getting the timing right…….
Posted by Karen Jones on February 10, 2025We are fast approaching the end of the current tax year have you prepared your self-assessment tax returns for last year?
How to reduce your tax bill legitimately
Posted by Karen Jones on February 7, 2025Tax return season is upon us once again. In this post we explore legitimate ways of reducing your tax bill.
Report CGT on UK property – paper forms introduced
Posted by Karen Jones on January 31, 2025If you need to report CGT on UK property, you may need to use a paper form in some circumstances. These are now easier to get hold of.
How to pay less tax – timing is everything – part two
Posted by Karen Jones on January 24, 2025When it comes to finding ways to pay less tax – timing is everything! Here we look at taking time out to consider your business’ tax planning options before 6 April each tax year.
Concerns about Making Tax Digital for Income Tax
Posted by Karen Jones on December 19, 2024The Administrative Burdens Advisory Board (ABAB) has raised concerns about Making Tax Digital for Income Tax. We look at what they are.
Can’t pay tax bill? This is what you need to do
Posted by Karen Jones on December 17, 2024Can’t pay tax bill? If you’re in this position, it’s important to act now if you want to set up a repayment plan and avoid penalties.
Tax penalties: how much can a dispute cost me?
Posted by Karen Jones on December 9, 2024Tax penalties are very much in the news at the moment. We look at the penalties you could pay if HMRC succeeds in a tax investigation.
4 good reasons to beat January’s self-assessment tax return deadline
Posted by Karen Jones on December 4, 2024January’s self-assement tax return deadline is almost here. But don’t wait until then to do it – this year it’s important to do it early!
Late self-assessment? Beware the tax return ‘super penalty’
Posted by Karen Jones on December 3, 2024Late self-assessment penalties can soon get expensive. But did you know HMRC has the power to impose a 200% ‘super penalty’ in some cases?
