With rising fuel prices becoming an issue for many self-employed people, here’s our overview of the rules relating to business travel as a self-employed person and/or sole trader. The rules …
Happy (pre) tax year end! Stuff to do before 5th April 2022
In the lead up to the 5th April, (the personal tax year end), there are some items that you should think about if you’d like to maximise all of your …
National Insurance rise – why you could be worse off from 6 April 2022
During late 2021 the government announced that it would support further funding of the NHS and social care sector through the introduction on a new ‘Health & Social Care Levy’. …
Tax return penalties – good news for those struggling to get the return done by 31/1/22
If you have to complete a 2020/21 tax return, the standard deadline to submit your return is 31st January 2022. As this date is coming up quick, you should be …
More than one income stream? How the tax works
In modern life, and especially after the pandemic, more and more people have multiple sources of income. As a result, there is often a lot of confusion about how the …
Is Air BnB taxable?
Air BnB can generate a decent side income and as a result, understanding how the tax works is important. Here’s a short summary on what is taxable and what reliefs …
What is a dividend?
You might feel like this is a silly question, but most of us don’t get taught this kind of thing at school. As business accountants, we spend all day helping …
Your Tax Code: Explained in 2 Minutes.
Your tax code, explained in under 2 minutes. You’ve probably received a payslip at some point in your working life. On that payslip was a tax code. And did that …