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Tax

Do you need to file a Self-Assessment tax return?

Wednesday, 11 September 2024

Many people are surprised to learn that they need to file a tax return, especially if they pay income tax through PAYE. With the deadline to notify HMRC looming, we explain who needs to file a return.

Capital gains tax on residential property: Where are we now?

Wednesday, 11 September 2024

Since the real time reporting regime for capital gains tax on residential property came into force, we’ve seen numerous changes to deadlines, allowances and tax rates. We help you understand these changes and the rules currently in place to avoid unwanted costs or penalties.

Company purchase of own shares: A tax-efficient exit strategy

Tuesday, 20 August 2024

A company’s purchase of its own shares can be a tax-efficient exit route for shareholders. We discuss the tax implications and what you need to consider.

Introduction – R&D regime from 1 April 2024

Friday, 16 August 2024

Justyna Stanisz, tax senior in our Business Tax Advisory team, dives into the realm of R&D relief. She highlights the changes announced in the Autumn Budget and compares treatment for periods before and after 1 April 2024.

Understanding the VAT changes for independent schools

Wednesday, 7 August 2024

The Chancellor has announced significant tax changes for independent school fees. What is the Labour government’s tax policy for private schools and what does it mean for you?

Should you operate as a limited company or self-employed in the medical sector?

Friday, 2 August 2024

Our Medical accounting team discusses the differences between a company and a sole trader and the pros and cons of each for medical businesses.

What should you do if you’ve miscalculated your tax return?

Tuesday, 30 July 2024

With ever-changing tax rules, it’s easy to get it wrong, miscalculating your tax liabilities or omitting to file a return at all. If you realise you’ve made a mistake, what should you do?

Do I need to complete a Self Assessment tax return?

Monday, 8 July 2024

Knowing when you need to complete a tax return is your responsibility. Read our blog to find out who needs to file a return, how to register for Self Assessment and what to do if you no longer need to file a tax return.

National Insurance Contributions (NICs): Why you need to get it right

Wednesday, 3 July 2024

Employment tax manger, Tessa Brown, explains how getting NICs right will avoid costly disputes with HMRC and ensure fair treatment of workers.

Do I need to disclose my overseas income to HMRC?

Tuesday, 2 July 2024

We discuss HMRC 'nudge letters' and disclosure of offshore income and gains in light of the proposed new rules.

Understanding payments on account for Self Assessment

Wednesday, 12 June 2024

We discuss what payments on account are, how they’re calculated and what you need to bear in mind when estimating your tax liability.

Could your 31 July self assessment payment on account be reduced?

Monday, 3 June 2024

We discuss how the 31 July Payment on Account may have potential to be reduced.

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