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Do I have to pay tax on my crypto gains?

Cryptocurrency, particularly Bitcoin, have risen in prominence over the last few years – with companies like Telsa accepting them as payment and countries like China banning them outright.  Their value has risen, fallen and risen again, but investors…

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Working from home: Pros and Cons

During COVID, working from home became the norm for many of us, but as things got back to normal more and more businesses insisted that their teams return to the office. However, many people like the new way…

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Where can I find my company tax information?

If you do not already have one, you should set up an online HMRC account for your company so that you can see all your tax information in one place. Be aware that your accountant may have already done this…

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Do you need to charge VAT on recharged expenses?

Clients often ask us if they need to charge VAT on the expenses that they recharge onto their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no, you don’t charge if…

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Information to keep for your personal tax return

The 2023/24 tax year ended on 5th April 2024, for which many of us will need to produce and file a personal tax return .  To make things easier, here is our list of the information you need…

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What is a P11D and do you need to file one?

What is a P11D? The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need…

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Do you need to file a personal tax return for 2024?

The 2023/24 personal tax year ended on 5th April and we are now in the 2024/25 tax year. Every year we are asked the same thing – ‘Do I need to fill in a personal tax return?’.  Here…

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Does your business need a music licence?

Many people do not realise that even though they are not in the music or performance industries they still require a music licence for their business. The Performing Rights Society (PRS) ensures that writers, performers and producers of music…

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Top Ten bookkeeping mistakes (and how to avoid them)

Here are our Top 10 Bookkeeping mistakes and how to avoid them This seems obvious, but there are people still leave everything to the last minute and let the bookkeeping build up.  We know you didn’t go into business…

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UPDATE: The changes are being delayed – HMRC to close and reduce customer helplines

From the 8th April HMRC will be changing the operating hours of its customer support helplines – in some cases closing them entirely – in an attempt to push customers to use online services more. Self assessment –…

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