Self-assessment can feel like a maze of rules and deadlines, leaving many people confused about whether they need to file a tax return at all. With the 2024-25 self-assessment deadline approaching in January 2026, now is the perfect time to understand who needs to complete a return and why HMRC requires it. Whether you’re employed, […]
August 2025 As we settle into the second half of 2025, now is the perfect time to pause and review your tax position. With the 2024-25 tax year firmly behind us and the current tax year well underway, conducting a mid-year tax check-up can help you identify opportunities to reduce your tax liability and avoid […]
Finding yourself unable to pay your tax bill can be incredibly stressful, but you’re not alone. Many individuals and businesses face cash flow issues that make it difficult to pay their tax on time. The good news is that HMRC recognises these situations and offers several options to help taxpayers. The key is to act […]
Making Tax Digital (MTD) for Income Tax is rapidly approaching, and many self-employed individuals and landlords are feeling overwhelmed by the prospect of digital record-keeping and quarterly reporting. The good news is that you don’t have to navigate this transition alone. Our experienced bookkeeping team is here to guide you through every step of the […]
For many small business owners and self-employed professionals across the UK, tax season brings unnecessary stress and financial strain. At Whitesides Chartered Accountants, we’ve seen many clients caught out by unexpected tax bills, struggling to find funds at the last minute. But it doesn’t have to be this way. With proper planning and budgeting, tax […]
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 […]
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 […]
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 […]
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 […]
VAT Registration: a small business guide, everything you need to know about registering for VAT. All About VAT Value Added Tax, or VAT as it is more commonly known, is a sales tax charged on the same of most goods and services in the UK. When you make a business sale, you don’t charge your […]
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