The most tax efficient way to pay yourself in 2018/19
The most tax efficient way to pay yourself in 2018/19 The last tax year ended 5th April and the 2018/19 started on the 6th, meaning that new rules and allowances apply – so you need to find the…
Information to keep for your tax return
Last week saw the end of the 17/18 tax year on 5th April, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of…
What is a P11D and do you need to complete one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC detailing benefits paid to their employees and the cash equivalents of those benefits. You will also need to file a P11D(b)…
What is the Research and development Tax Credit? And can you claim?
What is the Research and Development Tax Credit? And can you claim? The Research and Development Tax credit is a generous government scheme aimed at encouraging UK companies to take part in innovation and reward them for doing…
IR35: Are you employed or self-employed?
Are you employed or self-employed? And why does it even matter? Why should I be concerned about IR35? You should be concerned about IR35 because if HMRC take a different view to you on whether you are employed…
VAT Record keeping
What records do you need to keep for VAT purposes? Many business become VAT registered and are then unsure of what VAT records they need to keep and issue, and how long for. Our simple guide below breaks…
Minimum Wage and Living Wage set to increase
What is the national minimum wage and national living wage? On 1st April 2018 both the National Minimum wage and National Living Wage are set to increase, including the largest increases in a decade for the rates that…
What business mileage can you claim?
We are often asked by our clients what business mileage they can claim back, and what tax they will have to pay if they do. Below we break down the differences between business mileage and private mileage, and…
Do I need to file a tax return?
Every year at this time accountants are asked the same question – Do I need to fill in a tax return? Here are our answers to that question, plus the other four we always get asked as well:…
Do I have to pay tax on my bitcoin gains?
Do I have to pay tax on my bitcoin gains? Cryptocurrencies, particularly Bitcoin, have been in the press a great deal lately as their value soared throughout 2017. Experts are divided over whether this is a successful long-term…