Have I got the energy for this?
June 10, 2024
The unavoidable cost of energy
There’s been loads of interest over the last few years about energy prices, certainly since the Ukraine / Russian conflict energy prices rocketed. Whilst domestic consumers suffered some of the largest price increases since the 1970’s, most were cushioned from the volati...
Going Solar…
May 19, 2024
With the rising energy prices in 2022 we decided to look at fitting solar panels to our home, it’s fair to say we’ve learnt a lot along the way both in terms of planning the system, using it and things you’re often not told or explained; I’ll try and break down our e...
Let's talk tax!It’s that time of year again, you’ve had that email from HMRC asking you to complete a tax return this year.Tax time can be a bit of a headache, right? But hey, understanding and getting through it is super important. So, grab a cuppa, and let's dive into ...
Questions regarding SSP & Covid-19 Virus
March 9, 2020
We’ve received a few enquiries over the weekend regard sick pay and some general accounting queries related to the current Covid.19 Virus issues, obviously this is a changing situation but as at 9am on 9th March 2020 the answers are correct.
What are the Statutory Sick Pay...
Employ people? 4 changes that will affect you!
January 19, 2020
Statement of main terms
As part of the provisions of the Governments Good Work Plan, SMTs will become a day one right for both employees and workers from 6 April 2020. Previously, employers have had two months in which to provide this to their employees, meaning that they will need to have the docu...
HMRC Tax Accounts, what are they?
July 23, 2019
Personal Tax Account
HMRC introduced Personal Tax Accounts back in 2015 and if you haven’t yet signed up for one, then perhaps now is the time to do so. It is an easy process, you just need your National Insurance number, and either your most recent payslip, P60 or passport details to cr...
Self Employed – How to get it right!
March 18, 2019
If you work for yourself, as a sole trader, you will need to register with HMRC as self-employed unless you earn less than £1,000 in a tax year. Registering will set you up for both self-assessment tax returns and the relevant National Insurance Contributions (NICs).
...
END OF YEAR TAX PLANNING
March 6, 2019
As the 5th April approaches it is important to ensure that you have considered any reliefs and exemptions which could assist in reducing your tax liability for 2018/19.
BASIC RELIEFS 2018/19
Personal Allowance - £11,850 (reduced by £1 for every £2 over £100,000), increas...
Making tax digital, are you ready?
October 6, 2018
The overall aim of Making Tax Digital (MTD) is that eventually everyone will maintain and file their tax information in digital format. Specifically for businesses, the plan is that business income and expenses will be filed to HMRC on a quarterly basis, with an annual...
Reclaim tax schemes, storing up trouble?
July 18, 2018
A client approached us this week with an interesting proposal, a scheme which they had found which could reclaim thousands of pounds in VAT. The scheme is straightforward, their suppliers (who are not currently VAT registered) recharge all of their last 4 years’ worth of i...
Loading...
TAGS
TaxAccountsTax ReturnsAccountantHMRCMaking Tax DigitalPayBusinessCovid-19MoneySelf EmployedAdministrationAdviceBankingBookkeeperexpenses, income, personal, money, taxPersonalServiceVATAvoidanceCostCustomer contactData ProtectionDiversityGift CardsGift VouchersInsuranceInvestigationMinimum WagemovingMTDReclaimRefundsRetailSSPteamVehicles
Loading...