Are you a sole trader or self-employed? Are you trying to navigate the...
Understanding Payments on Account: A Guide for Sole Traders and Self-Employed Individuals
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HMRC’s Making Tax Digital (MTD): A Guide for Individuals Earning Over £30,000
In a bid to simplify tax procedures, HMRC has expanded the Making Tax Digital...
Companies House Registration Fees Are Set to Increase
Companies House Registration Fees are expected to increase in May 2024,...
Managing the VAT Threshold: A Reminder for Small Businesses
Key Point: In April, the VAT threshold will increase by £5,000 to £90,000, as...
HMRC Letter Addressing Undeclared Dividend Payments
In recent weeks, individuals, especially business owners, have received...
UK Government Tightens Child Maintenance Service Reform
The UK government is intensifying its efforts to address non-paying parents...
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Understanding Tax-Free Childcare: A Guide for Parents
While childcare costs can be expensive, the UK government offers support through the Tax-Free Childcare scheme. This program provides financial assistance to eligible parents or guardians to help cover the costs of quality childcare. What is Tax-Free Childcare? The...
Upcoming Deadlines for Limited Company Clients in 2024
As the tax deadlines for 2024 are approaching, it's crucial to stay informed to fulfil your obligations and avoid penalties. Below is a summary of the key due dates for VAT, PAYE & NIC & CIS, P11d Benefits, and Corporation Tax. VAT Deadlines 2024 Quarter...
Understanding State Pension Changes for Armed Forces Personnel Pre-April 2016
National Insurance Changes: What You Need to Know
As of April 6th, 2024, changes outlined in the Spring Budget regarding National Insurance (NI) have come into play, with a 2% reduction in rates. This impacts both employed and self-employed individuals. For ‘Class 1,’ employed individuals, the rate now stands at 8%,...
Navigating Your Tax Season: A Guide to a Smooth Year Ahead
As the new tax year unfolds, it's time to equip yourself with strategies that will help make the upcoming tax season a breeze. Below we have put together a list of proactive solutions you can incorporate to avoid the end-of-season rush: Digital Receipt Logging: Take...