Staying on the ball with the latest accounting, tax and compliance deadlines helps you stay organised with your returns. Here are the deadlines and cut-off points for Q1 of 2025 to add to your diary. Please always double-check your deadlines with Companies House, HMRC and your accountant. NOTE: If your company’s accounting period is longer […]
Tag Archives: tax
07
Nov
Nov
Getting your personal tax in order before the year-end As the tax year draws to a close, it’s important to think about your own personal tax situation and to make sure you’re maximising any potential allowances and reliefs. Various annual allowances and tax bands will expire on 5 April each year. By taking advantage of […]
01
Nov
Nov
Could employing an apprentice save your business tax? The chancellor recently announced that the employer’s national insurance rate would increase to 15% for 2025/2026. This means that many businesses, including micro businesses with only one director on the payroll, are facing increased costs to pay salaries. Many small businesses have been helped by the increased […]
01
Nov
Nov
Do you need a bespoke salary and dividend plan for 2025/2026? The days have passed when the “house” salary and dividend (remuneration) strategy could be used as a solution for most straightforward clients, i.e. £12,570 plus dividends. Anyone wanting to optimise their income should consider paying for bespoke Tax advice on the best salary strategy […]
31
Oct
Oct
What does an increase in Employers National Insurance mean for your business? The increase in employers national insurance contribution for 2025/2026 will increase the cost of employing people for many businesses, as they will now pay 15% rather than 13.8%. The earning thresholds for when the tax must be applied has been lowered to £5,000 […]
31
Oct
Oct
Here’s your breakdown of the major business announcements from the Autumn Statement 2024. A budget to fix the foundations of the economy Rachel Reeves, the Chancellor of the Exchequer, delivered the Autumn Statement on 30 October 2024, saying that this budget was intended to fix the foundations of the economy, deliver change for working people, […]
07
Oct
Oct
The end of January has a deadline – the self-assessment tax deadline. It looms large for thousands of people and can cause a significant amount of anxiety. But we are here to help – and we know that there are lots of things you can do to make this time of year much more manageable […]
19
Sep
Sep
Do you need to complete a self-assessment return? If you’re self-employed, a partner or a company director, then HMRC will ask you to submit an annual self-assessment tax return. However, every year will see some people failing to register on time for self-assessment – and facing some stiff penalties as a result! So, who needs to […]
26
Aug
Aug
Staying on the ball with the latest accounting, tax and compliance deadlines helps you stay organised with your returns. Here are the deadlines and cut-off points for Q4 of 2024 to add to your diary. NOTE: If your company’s accounting period is longer than 12 months, the first tax payment deadline is normally 21 months […]
17
Apr
Apr
When first setting up your business, there are multiple decisions to make – and a key consideration will be whether to register the business for Value-Added Tax (VAT), the tax that’s added onto the price of certain goods and services. When does VAT registration become mandatory? When your business’s turnover reaches £90k over any rolling period […]
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