Tax - Concept Accountancy

Sep 23

How does HMRC decide to investigate the self-employed?

By Mark Advice, HMRC, Self-assessment, Self-employed, Tax

Most people in business worry about the taxman looking into their affairs. But how does HMRC make the decision to investigate the self-employed? Investigating sole traders may appear to be…

Sep 23

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New employers PAYE by Direct Debit plan

By Mark Advice, News, Tax

Employers using PAYE can take advantage of a new variable Direct Debit payment plan from September 2022. At the moment, there’s a need to set up Direct Debits every month,…

Sep 23

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How do expenses and disbursements differ?

By Mark Advice, Business Expenses, Tax

VAT returns can lead to sleepless nights – especially when there are confusing differences such as expenses and disbursements. While many people class each expenditure as the same thing, the two…

Sep 23

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What you need to know about claiming VAT back

By Mark Advice, Tax

The way in which HMRC works is confusing for many business owners – and claiming VAT back is one of those baffling areas. Value Added Tax (VAT) is a complex…

Sep 23

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Is your limited company eligible for Employment Allowance?

By Mark Advice, News, Tax

If you own or run a limited company you could qualify for Employment Allowance. This allowance reduces the amount of National Insurance that employers have to pay by £5,000 from…

Sep 23

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What you need to know about a director’s loan

By Mark Advice, Company Directors, P11D, Tax

When your company is limited the money belongs to the business and you cannot just help yourself to funds. If you need money in addition to your salary or dividends…

Sep 24

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What to do if you’re struggling to pay your tax bill

By Mark Advice, HMRC, Self-assessment, Tax

Many people submitting self-assessment returns maybe struggling to pay their tax bill. The 31 January deadline is difficult at the best of times, thanks to the Christmas break interrupting payments.…

Sep 24

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You must declare Covid grants on your tax return

By Mark Business grants, Hacks, News, Tax

As the clock ticks towards the self-assessment return deadline, HMRC is reminding those people awarded Covid grants they must declare them. Anyone receiving some or all of the first three…

Sep 24

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Will you receive a higher tax bill than expected?

By Mark Hacks, News, Self-assessment, Tax

As self-assessment deadlines loom, many people could end up receiving a higher tax bill than usual this year! On January 31, 2022, self-assessment tax returns, including activity from 6 April…

Sep 24

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What Brexit means to businesses and VAT

By Mark News, Tax

What impact will Brexit have on the economy and businesses? Well, following this crazy year, no one really knows. But there are a few things we can be certain of……

Tax30

How does HMRC decide to investigate the self-employed?

New employers PAYE by Direct Debit plan

How do expenses and disbursements differ?

What you need to know about claiming VAT back

Is your limited company eligible for Employment Allowance?

What you need to know about a director’s loan

What to do if you’re struggling to pay your tax bill

You must declare Covid grants on your tax return

Will you receive a higher tax bill than expected?

What Brexit means to businesses and VAT

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