Tax evasion or tax avoidance?
What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance in the Paradise Papers, amongst other reports. But they…
BEWARE! Rise in fake HMRC calls from scammers
HMRC has warned that more and more scammers are using landline phone calls to con people and businesses out of money. HM Revenue and Customs said that in the 6 months to January 2019 it received 60,000 reports…
Top Ten Things to consider when choosing a new accountant
When new clients approach us, it is often because they are not happy with their existing accountant, or because they are a new business and don’t know how to select an appropriate one for them. Below is our…
Do I need to file a personal tax return for 2019?
The 2018/19 personal tax year ended on 5th April and we are now in the 2019/20 tax year. Every year we are asked the same thing – ‘Do I need to fill in a tax return?’. Here is…
What does my tax code mean? 2019/20 edition
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold about you and…
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 by businesses that detail benefits paid to their employees and the cash equivalents of those benefits. You will also need to…
Information to keep for your tax return
The 2018/19 tax year ended a few weeks ago 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 the…
The weirdest excuses for missing the personal tax deadline and the most dubious expense claims
With just a week to go before the deadline for filing self assessment personal tax returns for 2017/18 on 31st January, HMRC has released its list of the weirdest excuses given to them for missing the cut off.…
Do I have to pay tax on my cryptocurrency gains?
Do I have to pay tax on my cryptocurrency gains? Cryptocurrency, particularly Bitcoin, saw their values soar throughout 2017, even if they did come back down to ground throughout 2018. Experts are divided over whether this is a…
How much will that Christmas gift really cost?
Thinking of giving a business gift for Christmas? It’s almost that time of year again when we hang the lights and decorate the tree, and you might be considering giving a Christmas gift or treat to your team…