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…
Autumn Budget 2018
The Chancellor has today announced his Autumn Budget 2018 saying that ‘austerity ends’. Government finances are in a better state than expected and there are more treats than tricks in this announcement. The Budget covers a wide scope,…
Government release a ‘no deal’ Brexit pack for businesses
The Government has this week released a partnership pack providing guidance on what do in the event of a ‘no deal’ exit from the European Union (Brexit). They say that they are still expecting a Brexit deal to…
Do I need to file a personal tax return for 2018?
There are just under four months to go before the tax returns for 2017/18 are due for filing and payment. Every year we are asked the same thing – ‘Do I need to fill in a tax return?’. …
Why you shouldn’t wait until the last minute to file your personal tax returns
Self-assessment personal tax returns for the 17/18 tax year are due for filing, along with any payment due, by 31st January 2019 at the latest. But why would anyone leave it that late to file it? You can file…
What is Making Tax Digital (MTD) ?
What is Making Tax Digital (MTD)? Making Tax Digital, known as MTD, is a Government initiative to simplify the UK tax system and make the recording and reporting of taxes easier for businesses. It will require all businesses…
Potential dividend allowance cut could “clobber” small businesses
The Chancellor of the Exchequer has been urged not to ‘clobber’ small business owners by taking away the Dividend Allowance. The Federation of Small Businesses (FSB) has expressed concern that the Chancellor will reduce the tax free dividend…