Making student loan repayments through Self Assessment
There are three ways in which former students with student or post-graduate loans can make loan repayments: • from deduction from their
Class 2 National Insurance refunds made in error – Action to take
Class 2 National Insurance contributions are flat-rate contributions which for 2023/24 and earlier tax years are payable by the self-employed where their profits exceed the
VAT flat rate scheme – Is it for you?
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers
Wealthy taxpayers within PAYE – When is a tax return required?
Earlier this year, HMRC wrote to wealthy taxpayers who had not submitted tax returns for 2020/21 and/or 2021/22. A letter was sent where the taxpayer
When is a child’s income taxable on their parent?
Children may have their own income. This may be in the form of savings income on accounts that they hold or, for older children, income
How to lead during periods of uncertainty
In business (and life for that matter!), the only consistent thing, is change. So the question is, “How can you move your business forward when
8 forecasting tips from an accountant
There’s no doubt about it: financial forecasting can be complicated. And while most business owners understand its importance, very few fully grasp its nitty gritty
Encouraging private investment into small and medium-sized companies – government-endorsed tax incentives
For small companies, obtaining tax-efficient funding involves leveraging various schemes and incentives that minimise tax liabilities while maximising capital inflow. These schemes are designed to
How to Conquer Your Workload
Every business experiences its ups and downs, with periods where the workload spikes and feels never-ending. Typically, during busy periods, it’s easy to get overwhelmed
Advantages of filing your 2023/24 tax return early
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. Anearlier deadline of 30 December 2024 applies if you owe
Five common capital gains tax errors
HMRC has revealed that every year lots of simple errors are made in tax returns concerningcapital gains tax which results in the taxpayer suffering additional
Tax-free savings income in 2024/25
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to whichthis is possible depending on the rate at which
