by AJN Accountants | Sep 7, 2021 | Accounting, Financial planning, News, Tax planning
From 6 April 2023 all unincorporated businesses will have to keep their business records in a digital format and submit quarterly reports derived from those records to HMRC using MTD-compatible software. These are the basic obligations under making tax digital for...
by AJN Accountants | May 31, 2021 | Accounting, Advice, Business, Financial planning, News, Small Businesses
The Bounce Back Loan Scheme (BBLS) was designed to enable UK businesses to access finance quickly during the Covid-19 pandemic. Businesses that were losing revenue and seeing their cashflow disrupted as a result of the outbreak were able to apply for loans of up to...
by AJN Accountants | Mar 18, 2021 | Financial planning
As a UK resident over 18, you will receive an annual ISA allowance of £20,000 (for the 20/21 tax year). This means you can pay a maximum of £20,000 into your ISA to allow it to grow without paying tax on any income derived from it. Crucially, this £20,000 allowance...
by AJN Accountants | Mar 9, 2021 | Contractors, Financial planning, News
HMRC has announced that self assessment customers will not be charged a the initial 5% late payment penalty if they pay their tax bill or make a time to pay arrangement by 1st April 2021. The deadline to submit the tax return and pay any tax owed was 31st January...
by AJN Accountants | Jan 29, 2021 | Financial planning, pensions, Property
We have often heard the phrase, ‘my property is my pension’. People tend to have different plans for retirement. As life expectancy has continually increased for the UK population over the past decades, it follows that the thought of ensuring a decent quality of life...
by AJN Accountants | Dec 28, 2020 | Advice, Financial planning, Tax planning
Making Money from Shares Share investments can derive income in two ways. Firstly, income in the form of dividends and secondly from their increase in capital value that can be realised later on. It’s possible to invest directly and hold the shares personally, but...