MTD for Income Tax to cost sole traders and landlords £350Posted by Karen Jones on February 26, 2024
HMRC has released figures that estimate how much it will cost sole traders and landlords to implement and comply with MTD for Income Tax.
HMRC does a U-turn on double cab pick-upsPosted by Mark Ingle on February 22, 2024
The government has withdrawn new rules that would have make double-cab picks ups a much more expensive option for company fleets.
HMRC clamps down on unpaid dividend taxPosted by Karen Jones on February 12, 2024
HMRC is writing to business owners it believes have failed to declare and pay dividend tax. We tell you what you need to know.
Companies House to axe filleted and abridged accountsPosted by Mark Ingle on February 12, 2024
The way company accounts are filed will change. However, the loss of filleted and abridged accounts for SMEs will have privacy implications.
Contribute to your partner’s retirement and get pension reliefPosted by Jon Pryse-Jones on February 8, 2024
Did you know that you can contribute to a partner’s or child’s retirement fund and get significant pension tax relief? We explain how.
State pension age to rise further?Posted by Ben Locker on February 5, 2024
Soon the state pension age will rise to 67. Yet new research suggests it will need to rise to 71 by 2050. When will you be able to retire?
How to pay CGT the easy wayPosted by Jon Pryse-Jones on February 1, 2024
If you need to pay CGT on items other than property, there are two ways to do it. Surprisingly, many people fill in a tax return needlessly.
Class 2 NI contributions – what has changed?Posted by Jon Pryse-Jones on December 11, 2023
In his 2023 Autumn Statement, the chancellor announced he was scrapping Class 2 NI contributions. The reality is rather more complex.
Is it time to file your Register of Overseas Entities update?Posted by Shahid Hameed on December 7, 2023
Many organisations will soon need to submit their Register of Overseas Entities update. We talk you through the process.
Do I need to submit a tax return?Posted by Karen Jones on December 6, 2023
Do you need to submit a tax return? We take a look at the current rules to determine whether you need to submit a self assessment Tax Return to HMRC.