How to Meet the MTD ITSA Requirements – Making Tax Digital for Income Tax Self Assessment
With the Making Tax Digital for Income Tax sign-up deadline fast approaching, we often get asked by clients how to meet the MTD ITSA requirements.
Accountants for a Buy to Let Limited Company
Are you looking for Accountants for a Buy to Let Limited Company to help you maximise profitability from your rental property portfolio?
Furnished Holiday Lettings – How Can My Property Qualify?
Profit from properties that meet the qualifying tests for furnished holiday lettings are taxed following the rental business calculation rules. Click through to learn more!
How to Pay Employers PAYE by Direct Debit?
From 19 September 2022, you can pay Employers PAYE by Direct debit. You will need to set up the Direct debit once. Click through to learn more!
Rent-a-room Scheme: Receipts Above Exemption Limit
The rent-a-room scheme provides two ways to work out the tax when receipts are above the exemption limit. Click through to learn more!
The Register of Overseas Entities – Starting Aug 2022
The Register of Overseas Entities will come into force in the UK through the new Economic Crime (Transparency and Enforcement) Act 2022. Overseas entities who want to buy, sell or transfer property or land in […]
Capital Gains Tax Rules for Separating & Divorcing Couples
The government has announced plans to change the CGT rules to give separating spouses & civil partners a longer period in which to transfer their assets.
How to Report and Pay Capital Gains Tax
There are different ways for individuals to report capital gains depending on whether you are resident or non-residenty and whether you are in or out of SA.
MTD ITSA Reporting Requirements from April 2024
Making Tax Digital for Income Tax will apply to relevant persons (unincorporated businesses & landlords) with business and/or property income over £10,000.
How to Raise Money via the Enterprise Investment Scheme (EIS)
Enterprise Investment Scheme (EIS) is one of 4 venture capital schemes that can be used to raise money by a company. Click through to learn more!
What Happens If I Don’t Pay My Tax Bill On Time?
If you cannot pay your tax bill on time, HMRC can work with you to find a way for you to pay what you owe. Click through to learn your options.
Making Tax Digital for Income Tax Self Assessment – How Do I Sign up to MTD ITSA?
MTD for ITSA will become mandatory from April 2024 – all businesses with annual income above £10,000 will have to follow Making Tax Digital rules.
Setting Up a Ltd Company to Save Tax – Is it Worth it?
Setting up a Ltd Company to save tax was historically seen as an easy way of saving tax and national insurance (NI). However, a succession of changes since 2016 has largely curbed the tax efficiency. […]
Stamp Duty Refund Claims – Warning from HMRC
The warning comes after a recent spate of Stamp Duty refund claims to HM Revenue and Customs (HMRC) failed to meet very specific criteria.
Mini Umbrella Company Fraud – Warning Signs
HMRC’s Fraud Investigation Service is using both its civil and criminal powers to challenge those involved in mini umbrella company fraud and those facilitating it.
HMRC Compliance Check: What It Is and How We Can Help You
Have you received a letter about the HMRC compliance check? If yes, read on to find out more about the process and the help you can get.