April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.
Category Archives: Tax Blog
Higher rate taxpayer? How to prepare for the end of the tax year
The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.
Making Tax Digital – Your questions, answered
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
Attention UK Taxpayers – do you understand the 500T tax code?
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Implications for businesses amid soaring pension tax relief
Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time.
Understanding loss carry-back claims
In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.
100 days until the Self-Assessment deadline: Are you ready?
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
Tax reliefs business owners can claim amidst record Corporation Tax payments
HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.
Are you aware of the Government’s Marriage Allowance?
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.
Tax year basis reform: Should I change my year-end?
In the first blog of this series on tax year basis reforms, we will be discussing the new rules that will affect how unincorporated businesses are taxed from 2023 to 24 and consider whether it is worth changing your accounting period.