• Posted April 15, 2025

Key Dates for the 2025/26 Tax Year: Stay Ahead of HMRC Deadlines

Introduction As we enter the 2025/26 tax year, keeping track of important HMRC deadlines is essential for both individuals and businesses.  Missing these key dates can result in penalties, interest charges, and unnecessary stress. At Whitesides Chartered Accountants, we’ve compiled this comprehensive guide to help you stay organised and compliant throughout the tax year. April […]


  • Posted March 31, 2025

Tax Implications of Cryptocurrency: What HMRC Expects You to Report

In recent years, cryptocurrency has evolved from a niche investment to a mainstream financial asset. As digital currencies like Bitcoin, Ethereum, and countless others become increasingly popular, HMRC has developed clearer guidelines on how these assets should be taxed. If you’ve dabbled in crypto, understanding your tax obligations is essential to avoid penalties and ensure […]


  • Posted March 24, 2025

The Complete Beginner’s Guide to Filing Your First Tax Return

Filing your first tax return can feel like navigating uncharted territory. Whether you’ve recently become self-employed, started earning additional income, or received a notice from HMRC, understanding the basics of the Self-Assessment process is essential for compliance and peace of mind. This guide will walk you through everything you need to know to confidently complete […]


  • Posted March 10, 2025

How to Set Effective Financial KPIs for Your Businesses

Introduction As your business grows from a solo operation to a small team with employees, tracking your financial performance becomes increasingly complex – yet even more critical. You can no longer rely on checking your bank balance to gauge your business’ health. At this crucial growth stage, implementing the right Key Performance Indicators (KPIs) can […]


  • Posted March 5, 2025

How Do You Check Your Tax Code?

Introduction Your tax code may look like a random assortment of numbers and letters, but it significantly impacts how much tax you pay each month. At Whitesides Chartered Accountants, we regularly help clients discover they’ve been assigned incorrect tax codes. This straightforward guide explains how to check your tax code, understand what it means, and […]


  • Posted February 28, 2025

Top Tax Tips for Individuals as We Approach the Tax Year End

Introduction The current tax year end is rapidly approaching and now is a crucial time to review your financial situation and ensure you’re taking advantage of all available tax allowances and reliefs. At Whitesides Chartered Accountants, we’ve compiled our top tax-saving tips to help you make the most of the remaining weeks before the 5 […]


  • Posted September 21, 2023

Tax Deadlines for 2023/24 – Key Dates for Self-Assessment Tax Returns

6th April – Start of the Tax Year The tax year runs from 6th April to 5th April the following year, any income earned in this period needs to be reported on your self-assessment tax return. This is also the date any new tax rates or allowances announced in the budget are implemented. Fun Fact: […]


  • Posted March 17, 2023

2023 Spring Budget

On 15 March 2023, Jeremy Hunt announced his Spring Budget 2023, coined as the “budget for growth”, the latest budget aims to deliver long term, sustainable and healthy economic growth in several key areas. We have outlined below a summary of the main areas that will impact our clients. Investment Zones Following the regeneration projects […]


  • Posted February 27, 2023

How Much Money Do I Need to Start a Business?

There are successful entrepreneurs that have started their business with £5 in their bank and an idea, but most businesses need some start up cash – the question is how much do you need to start a business and where to get money to start a business? Starting a business takes a lot of determination, […]


  • Posted February 23, 2023

What To Do Before the End of the Tax Year?

Not sure what you should do to prepare for the end of the tax year? Here is our handy list of tasks you might want to consider before it’s too late! The tax year ends on 5 April 2023 and now is a great time to get you head round all the tax changes that […]