Changes to the Employment Allowance explained
Posted by Jon Pryse-Jones on December 5, 2024In the Autumn 2024 Budget, the Chancellor announced significant changes to the Employment Allowance. We explain what they mean for you.
‘eBay Tax’ – the tax rules for selling online
Posted by Jon Pryse-Jones on December 5, 2024If you sell items online you may be liable for the so-called ‘eBay Tax’. We take a closer look at the tax rules for online selling.
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?
HMRC releases new guidance on ‘Managed Service Companies’
Posted by Karen Jones on December 3, 2024HMRC has issued new guidance on Managed Service Companies. It’s important that you don’t use these structures as you will face penalties.
Hire an accountant – and boost revenue by 11.5%!
Posted by Jon Pryse-Jones on November 28, 2024New research has found that, if you hire an accountant, your SME will boost revenue by an average of 11.5% – yet over 20% of firms don’t!
Can’t pay tax bill? This is what you need to do
Posted by Karen Jones on November 26, 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.
Company car tax rates to rise
Posted by Karen Jones on November 25, 2024In her Autumn 2024 Budget, the chancellor announced hikes to company car tax rates. Hybrid vehicles will attract the biggest increases.
Inheritance Tax investigations net HMRC record sums
Posted by Karen Jones on November 22, 2024HMRC is opening more Inheritance Tax investigations than ever – and raking in record sums. We take a look at why this is happening – and how.
Tax refunds and investigations – a brief guide
Posted by Karen Jones on November 20, 2024In this article we take a look at tax refunds and investigations and, in particular, the time limits that apply to both.
