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 …
The Self Employed £1000 Trading Allowance Explained
We quite often see self-employed business owners paying tax where they don’t need to. This is almost always down to a lack of knowledge. The £1000 Trading Allowance is one …
The Super Deduction – 130% Tax Relief
Announced in the 2021 budget, the new Super Deduction measure allows you to get even more tax back than before when buying ‘the big stuff’, such as: New vans New …
Tax Trap: Website Costs
Thinking of spending big on a new website for your business? If so, there are some important tax points to consider. A website can be an amazing revenue-generating ‘asset’ for …
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 …
Directors Salary – the Basics
So you’ve formed your new limited company, and earned some money. Great! The most important question you need to answer now is “How do I pay myself?”. Here are some …
Happy new (tax) year!
Whilst this is a popular accounting joke we do every year, (we don’t get out much!), it is also a fairly exciting point in the year for us tax geeks. …
5th April is coming! Top 10 things to do before the end of the tax year
The end of the personal tax year is approaching fast, but don’t panic! There is still time to do a few things to save tax / lower your tax bill. …