Gift Aid is the main vehicle for tax-efficient giving to charities. It applies to any donation whether large or small, regular or one-off. By confirming you are a taxpayers, you can ensure that your chosen charities can reclaim the basic rate of income tax on their donations, equal to 25% of the amount donated.
Read MoreRishi Sunak delivered his Spring Statement on 23 March 2022, placing much emphasis on the strength of the UK economy, despite the consequences of the current events and the impact on the current cost of living. Here we share our key points.
Read MoreHave you ever questioned if you want to do what you do anymore? Maybe you’ve just fallen out of love? We’ve all been there. You wouldn’t be human if you loved every single part of your business. But as it's the day of love, now is the perfect time to reflect on this and make sure you're doing what you love. And if not, maybe it's time to think about what you need to change to really LOVE what you do.
Read MoreAt least it certainly feels like new year for accountants and tax professionals. With the official tax filing deadline of 31st January behind us, it’s assumed we can breathe a sigh of relief that it’s all over for one more year, however just because there’s a filing deadline it doesn’t stop taxpayers from filing their tax returns throughout the year so there shouldn’t really be a last-minute rush each year.
Read MoreAs a result of the increasing impact of the Omicron variant of COVID-19, yesterday the Chancellor, Rishi Sunak, announced that solvent pub, restaurants and leisure businesses will be eligible for one-off grants of up to £6,000.
Read MoreThe Chancellor, Rishi Sunak, announced his Autumn Budget and Spending Review on 27th October 2021, citing he wants to deliver “A Stronger Economy For The British People” with a speech highlighting an emphasis on investment in innovation, economic growth and a big dose of optimism. Here’s our breakdown of some of the key points.
Read MoreWhere a UK resident individual, trustee or personal representative disposes of UK residential property and capital gains tax is due, a CGT on UK property return must be filed, together with a payment on account of CGT, within 60 days of the date of completion of the transaction.
Read MoreThis week the government announced changes and reforms to the social care system and how these reforms would be paid for.
Read MoreWe’ve seen so many different styles and types of invoices so here we share our top 10 tips to ensure your invoices are clear and contain all the right information you should need.
Read MoreThe fifth and final SEISS grant for the self-employed is now open for application but this time the amount will depend on the turnover of the business.
Read MoreThere have been lots of changes to IR35 in the past few years and it is indeed here to stay. IR35 is also known as the off-payroll working rules, and although IR35 in itself is nothing new and has always been applicable to contractors, the new rules that come into force from April 2021 will affect many freelancers.
Read MoreEmbrace digital technology and improve your management skills with the government’s £520 million Help to Grow scheme aimed at small and medium-sized enterprises (SMEs). Learn new skills, reach new customers, and boost profits.
Read MoreThe Chancellor, Rishi Sunak, kicked off his 2nd Budget yesterday with his three point plan, with an emphasis on supporting jobs and protecting livelihoods, fixing public finances and laying the foundations of our future economy. Here’s a breakdown of some key features.
Read MoreOne of the first government initiatives announced in response to the coronavirus pandemic was the deferral of the VAT payment due between 20 March and 30 June 2020, until 31 March 2021. However, it was announced that a new deferral scheme would be put in place to extend the payment due date. This went live on 23 February, enabling the outstanding amount to be settled by up to 11 interest-free monthly payments from March 2021. Unlike the initial deferral, you must now join the scheme to be able to claim the deferral.
Read MoreAre you one of the 1,790,368 taxpayers who missed the tax return filing deadline? Great news - HMRC have confirmed that the £100 late filing penalty will be waived for tax returns filed by 28 February 2021. And if you are struggling to pay your January 2021 tax bill, there’s help for you too.
Read MoreAlthough the UK voted to leave the European Union in 2016 and officially left the trading bloc on the 31st January 2020 a trade deal has been in negotiation over a 12 month transition period. With time running out a deal was finally agreed on 24th December and passed into law to come into effect from 31st December 2020.
Read MoreGot an email about a tax refund you weren’t expecting? Been threatened with court summons by phone? Our guidance explains how to deal with fake HMRC emails and calls so you don’t get caught.
Read MoreGot an email about a tax refund you weren’t expecting? Been threatened with court summons by phone? Our guidance explains how to deal with fake HMRC emails and calls so you don’t get caught.
Read MoreChancellor Philip Hammond said he'd take a "balanced approach" to his second Budget of 2017. Read our summary of the key announcements made during the Autumn Budget 2017.
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