Finance & Accounting>Corporation Tax
Telling HMRC that you have no corporation tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think
October 4, 2023
Finance & Accounting
Key person insurance – When can you claim a deduction?
The profitability or earning capacity of a business may depend on one person or on a small number of people. Where this is the case,
October 2, 2023
HMRC
HMRC’s complaints process
Many taxpayers taxed under self assessment may not be aware that HMRC self assessment phone service was closed for three months, opening on 4 September.
September 25, 2023
Alphabet shares
Alphabet shares
Despite dividend tax rates being charged at 33.75% (higher rate taxpayers) or 39.35% (additional rate taxpayers), generally dividends remain the most tax-efficient method of taking
September 24, 2023
Finance & Accounting>VAT Registration
The implications of late VAT registration
VAT registration is compulsory for any UK established persons who are in business and make or intend to make taxable supplies should either one of
September 21, 2023
Property Blog
Reporting residential property gains
If you make a chargeable gain on the sale of a UK residential property, you will need to report the gain to HMRC within 60
September 18, 2023
Property Blog
Make the most of the property allowance
The property allowance is a useful allowance that allows you to earn property income of up to £1,000 tax-free each tax year. If your income
September 16, 2023
Finance & Accounting
Take advantage of permitted absences for main residence relief
Main residence relief is a valuable relief which prevents a tax charge arising where a gain is realised on the disposal of a property which
September 12, 2023
Tax
Take advantage of the tax exemption for mobile phones
The tax legislation contains a number of exemptions which allow benefits in kind to be provided to employees without a tax charge arising. Some of
September 11, 2023
Finance & Accounting>Tax free
Are you using the correct tax-free mileage rates?
As an employer, you can pay your employees tax-free mileage payments where they use either their own car or a company car for business journeys.
September 9, 2023
Finance & Accounting>VAT
Self-serve Time to Pay for VAT
For some time, taxpayers within Self Assessment have been able to set up a TimetoPay arrangement online, allowing them to pay their tax bill in
September 7, 2023
Finance & Accounting
Claiming overlap relief
If you are self-employed, the way in which your profits are taxed is changing. As a result of this, you only have a limited window
September 5, 2023
Finance & Accounting>Tax Return
Should I file my tax return early?
If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January 2024 in which to do this,
September 3, 2023
Do we need to register for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
August 30, 2023
How to appeal a tax penalty
There are various reasons why HMRC may issue a tax penalty. You may receive a penalty if you file your tax return late, your tax
August 28, 2023
Avoid the traps when providing eye tests for employees
Although the tax system contains an exemption for employer-provided eye tests and the glasses or contact lenses for display screen use, its availability is dependent
August 25, 2023
Business Asset Disposal Relief – have you exceeded the limit?
HMRC have sent out nudge ‘One to Many’ letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of
August 21, 2023
Making tax-free mileage payments
If you have employees who use either their own car or a company car for business mileage, you can pay mileage allowances tax-free up to
August 17, 2023
Cash basis or accruals basis?
There are two different ways in which accounts can be prepared – the cash basis and the accruals basis. The cash basis is the default
August 14, 2023
10 deductible expenses
If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit. The rules governing
August 11, 2023