by yasiradnan94 | Nov 18, 2022 | Accounting, Advice, Financial Planning, Tax Planning
In last week’s Budget the Chancellor stunned his audience by announcing that both the basic rate of tax and the highest ‘additional’ rate would be reduced from 6 April 2023. Around 50% of taxpayers only pay tax at the basic rate and they will benefit...
by yasiradnan94 | Oct 26, 2022 | Accounting, Advice, Business, Tax Planning
Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as a travel season ticket or a deposit for childcare costs. Such loans can also be provided to help towards other unexpected costs...
by yasiradnan94 | Sep 19, 2022 | Accounting, Advice, Tax Planning
Many self-employed people will find January 2023 a tough month as it is predicted that domestic fuel bills will increase again and income tax payments will be due. If you are worried that you will struggle to pay your tax bill there are two things you can do to help....
by yasiradnan94 | Sep 9, 2022 | Accounting, Advice, Financial Planning, Small Businesses, Tax Planning
Programming an electronic till to suppress the recording of sales amounts to tax evasion and HMRC can impose some serious penalties on retailers who do this. HMRC are initially seeking out the producers and promoters of electronic till software that can be used for...
by yasiradnan94 | Jul 13, 2022 | Accounting, Advice, Tax Planning
Scammers are very aware of the tax payment deadlines and will step-up their efforts to divert payments from taxpayers to their own bank accounts. When you complete your tax return by logging into your personal tax account (see below) you can now choose to scan a QR...
by yasiradnan94 | Jun 10, 2022 | Accounting, Advice, Business, Financial Planning, Tax Planning, VAT
It is important to keep your personal money and your company’s money completely separate. If you use your company’s bank card to buy personal items or to pay your own bills, that expenditure is treated as a loan to you. The loan creates a corporation tax...
