Archive for category: Blog articles

Understanding HMRC VAT Penalties

Understanding HMRC’s New VAT Penalties: What You Need to Know 

In 2022, the HMRC announced changes to the penalties for the…
Self-Assessment

A Tax Tightrope: Balancing Director’s Loan Accounts (DLAs)

A Tax Tightrope: Balancing Director's Loan Accounts (DLAs) Director’s…
Personal tax planning

Reporting CGT on the sale of UK residential property explained

The requirement to report and pay capital gains tax on disposals…
Understanding HMRC VAT Penalties

The savings tax trap continues to bite in 2023/24

It might surprise you to know that HMRC collected £3.4bn worth…
Self Assessment

HMRC interest rates set to rise in August for late payers and over-payers

The interest rates for late payment of taxes are linked to the…
Self-Assessment

Basis period reform is introduced for tax years 2024/2025

The government has confirmed the introduction of basis period…

Inheritance Tax – an exemption not to be over-looked for those working in Emergency Services

Most taxpayers are familiar with the concept of Inheritance Tax…
self-assessment

How to manage the Corporation Tax rises

From 1st April 2023 the main rate of corporation tax increased…

HMRC are focussing their attention on the ‘Golden Triangle’ of Alderley Edge, Wilmslow and Prestbury

It has recently been reported that HMRC are targeting the 'Wealthy…

How do business owners protect their loved ones if the worst happens

Many adults understand the need for financial resilience and…
Self Assessment

New rules apply for making an R & D claim

For accounting periods that start on or after 1st April 2023,…
Self Assessment

P11d’os and don’ts

What is a P11D?​ A P11D is a document used by an employer…
Self Assessment

Rules have changed for tax refund agencies but commission rates remain high

HMRC doesn't look too kindly on the tax refund agencies, not…
payroll

An Employers Guide to Salary Sacrifice

What is it and how can it benefit my company? Salary Exchange…
Nigel Shaw

Tax Director, Nigel Shaw comments on tax changes for the 2023/2024 tax year

Sometimes it can be very hard to understand what the current…

2 new charities announced as the beneficiaries of this year’s charity golf day

This year our chosen charities are YCC (Yorkshire Children's…

A summary of the key tax changes coming for businesses from 1st April 2023

Increase in Corporation Tax rate For companies with profits…

People are urged to check their national insurance record before 5 April 2023 when claiming state pension

From 6 April 2023 it will no longer be possible to fill gaps…

Tax Year Update 2023/2024

Minimum wage rate updates From 1st April 2023 you must pay your…
Self Assessment

Complicated Inheritance Tax Rules Leave Families Paying £600m Extra

The Daily Telegraph has reported today that families have paid…