The current tax year, 2019/20 is coming to an end on 5th April 2020. You’d be forgiven for being distracted during the current pandemic but it is important to ensure sight is not lost on important tax reliefs which can’t be carried forward.
You have probably heard the phrase ‘Cash is King’. In business, this is true. Despite this, cash flow is an area of business where many struggle to manage effectively causing business-owners to spend many hours chasing – all unbillable time.
HMRC have pretty stringent criteria on what they classify as ‘trivial’. Once a benefit satisfies four conditions it can be considered trivial. Read on to find out more.
It is common for many businesses to wish to avoid the requirement to be VAT registered. As the law currently stands a business making taxable supplies must register for VAT if sales exceed £85,000 over a 12 month period.
The first instalment of your self-assessment tax bill for the 18/19 tax year is due on 31 January 2020.
The tax return deadline is on 31 January, meaning that you have less than a month to finalise your tax affairs for the year ended 5 April 2019. It also means you have just a few days to settle your tax payment.
A lot of our clients are not aware of the starting rate of savings. To find out more read this short blog post.
Find out how you can reclaim the extra Stamp Duty Land Tax you have paid.
