Are you usually required to submit a Self Assessment tax return? If so, you may no longer be obligated to file a return from this tax year (2023/24) onwards. The Self Assessment threshold for PAYE only taxpayers will increase from £100,000 to £150,000, meaning that...
With our feet now firmly in the 2023/24 tax year, last year’s reporting might seem like a distant memory. But we hope you haven’t forgotten that the P11D deadline to report all your company benefits and expenses from the 2022/23 tax year is fast...
As a business owner, you’ll be no stranger to the inevitable costs that come with running a successful business. However, you can claim tax back on some of these expenses; these are allowable expenses. Although some expenses may feel small on their own, they add up...
If you’re looking to invest your money in a valuable asset, then property is often one of the best routes to take. Whether you invest in residential or commercial property, our team is experienced in helping clients as they navigate the various tax aspects of the...
At the end of April, the Government held their second ever ‘Tax Administration and Maintenance Day’. This provided an opportunity to clarify and publish a summary of the current technical proposals and consultations regarding the UK’s tax system. One of the main focal...
By now you may be aware that from 1st April 2023 the main rate of corporation tax increased from 19% to 25%. For companies whose accounting periods straddle 1st April, the corporation tax for that period will be applied at a blended rate. This has raised a question of...
