• 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 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 […]

  • Posted October 17, 2022

Interim Mini Budget

On Friday Jeremy Hunt was appointed the new Chancellor, this morning he made his first official statement as Chancellor where he reversed almost all the tax cuts announced in the mini budget. I have summarised below the changes he announced, there will be a fiscal plan delivered on 31 October 2022 which we will also […]

  • Posted September 28, 2022

Mini Budget

On Friday 23 September the new Chancellor presented his mini budget to the House of Commons. Below is an outline of the main points that will affect clients. You should note that there is no Finance Bill accompanying this mini budget, although the legislation for the reduction in the national insurance was introduced into the […]

  • Posted July 16, 2020

How much money should I put aside for my Personal Tax Bill?

Estimating how much you need to save for your end of year tax bill can be tough, especially if your business has quite a few expenses. If your freelance business provides a service like tutoring or marketing, you may have limited expenses and you will take home a large part of what you turnover. However, […]

  • Posted May 11, 2020

What are trivial benefits and what are the rules you need to follow?

In 2016 the regulations for trivial benefits changed. Before the change employers could provide tea and coffee and perhaps a small seasonal gift to their employees without having to disclose the cost on a P11D or within a PAYE settlement agreement.  Under the new rules there is more flexibility and provide you stick to the […]

  • Posted March 23, 2020

Coronavirus – What support is my business eligible for?

  We have developed a tool to help you discover what government support is available for your business. This has been updated for the information released by the Chancellor on Thursday 26 March 2020.  If you would like your results emailed to you please provide your email address below   Need more guidance? For more […]

  • Posted December 11, 2019

Marriage allowance or married couples allowance – What’s the difference?

What is the difference between marriage allowance or married couples allowance? Although these allowances sound similar, the eligibility requirements are quite different. What is Marriage Allowance? Marriage allowance is a tax relief that allows a UK tax payer to transfer 10% of their personal allowance to their spouse or civil partner, in 2019/20 this is […]

  • Posted September 3, 2019

Top Tips for start-up Freelancers

I’m starting to work as a freelancer, how do I deal with my accounts and tax? Whilst becoming your own boss can exciting if can be also be very daunting dealing with the administration and regulations that running a business involves. Regardless of how you choose to structure your business you will need to prepare […]