by AJN Accountants | May 12, 2025 | Tax Planning
From August 2025 employed taxpayers will no longer be required to complete a self assessment tax return (SATR) to declare and pay the high-income child benefit charge (HICBC). The HICBC is a tax charge paid by the higher earning parent which claws back up to 100% of...
by AJN Accountants | May 9, 2025 | Accounting
Changes to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules. The primary aim of the changes to the company size thresholds was to simplify regulatory requirements and alleviate the administrative...
by AJN Accountants | May 6, 2025 | News
HMRC has announced that it will close the online service for filing company accounts and corporation tax returns on 31 March 2026. Companies with an accounting period ending after 31 March 2025 will no longer be able to use HMRC’s free online service (unless...
by AJN Accountants | Apr 23, 2025 | Tax Planning
In just over a year the first tranche of sole traders and landlords will be required by law to keep digital records to comply with the requirements of Making Tax Digital for Income Tax (MTD IT) From April 2026, taxpayers with qualifying trading and property income of...
by AJN Accountants | Apr 16, 2025 | Accounting
With changes to employer’s National Insurance and the Employment Allowance, now is the time for businesses to review the most tax efficient mix of salary and dividends for directors. From 6 April 2025 the secondary Class 1 National Insurance threshold reduces from...
