by AJN Accountants | Oct 4, 2022 | Tax Planning
Last year the Chancellor Rishi Sunak proposed increasing corporation tax rates such that companies with annual profits of over £250,000 would pay tax at 25%. Those with annual profits of less than £50,000 would continue to pay tax at 19% but a marginal tax rate of...
by AJN Accountants | Sep 30, 2022 | Property, Tax Planning
In 2020 HMRC introduced a new system for paying capital gains tax (CGT) due from selling residential property in the UK, but many solicitors and estate agents are still unaware of the new requirements. You need to report to HMRC your gain from selling a home on: · the...
by AJN Accountants | 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 AJN Accountants | 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 AJN Accountants | Aug 15, 2022 | Advice, Tax Planning
The government introduced the requirement for individuals to report disposals of UK residential property and pay any capital gains tax (CGT) due within 60 days of completion on 6 April 2020. HMRC has clarified a CGT property return must be filed even if the disposal...
by AJN Accountants | 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...
