Tax Tips

With January’s self-assessment tax return looming, we thought that now would be a good time to refresh your mind on what expenses you can and can’t claim as a sole trader or freelancer. Even if [...]

Higher earners miss out on £1.3bn in pension tax breaks Over the past five years, hundreds of thousands of higher earners have failed to collect more than £1 billion in pension tax breaks. All [...]

IN ALL THINGS TAX, TIME IS OF THE ESSENCE. As we approach the end of the tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and [...]

When it comes to the time when you need to go through your yearly expenses and declare your taxes, every penny counts, which is why it is imperative that you understand all the expenses and [...]

It is understandable that a key priority and focus for business owners is what they can do to increase sales and increase profits. Having a healthy bottom line puts the business in a great [...]

The R&D tax relief regulations will undergo a variety of amendments that will take effect for accounting periods starting on or after 1 April 2023. Among these are changes relating to: the [...]

During the COVID-19 pandemic many employees were required to work from home.  Since restrictions have been lifted, employers have put in place “hybrid” working arrangements whereby employees work [...]

The costs of keeping the country running through covid were huge and inflation is expected to add to the country’s debt. The Office for Budget Responsibility has indicated that the treasury will [...]

This month HMRC is writing letters to holders of cryptoassets (sometimes known as cryptocurrency), encouraging them to evaluate their capital gains tax position and make a declaration to HMRC for [...]

Following extensive feedback from all the professional bodies, HMRC has postponed the implementation of Making Tax Digital for income tax self-assessment (MTD ITSA). The regulations confirm that [...]