Latest News
01/01/20 UK Tax Calendar: January - February 2020
Now updated with 2020 dates, here's a list of important tax dates and deadlines for the coming months.
11/11/19 Forgot about Self-Assessment deadline? Have a look at the fines
Here we show just how much a late return and /or a late payment on your self-assessment could cost you.
02/01/20 Who needs a UTR number anyway?
A Unique Taxpayer Reference (UTR) number is required by all sole traders, partnerships and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever.
11/11/19 Home Working Allowance
If you are working from home you may be entitled to claim the working from home allowance? At £216 a year tax free, it is worth finding out if you qualify.
11/11/19 Carry forward past years pension allowances
Previous years unused pension allowances can be carried forward so you can exceed the £40,000 tax free limit this year. Higher earners should make the most of their pension allowance now, as it is under threat.
11/11/19 Self Assessment - Expenses you can claim back as an employee
Wondering what everyday work expenses you can claim back on your self assessment form? Here are some expenses that a PAYE paying employee can claim. Note these can be back dated to also!
25/03/19 How to pay less tax in 2019-20 for Small Business Owners
Could you be better off financially by changing from a sole trader to a limited company? Let's take a look at an example.
24/07/18 Student Summer Jobs and Tax, all you need to know.
Student Tax Tips! Whether you are juggling two or three jobs throughout the tax year, or have taken up a Summer Job for a few months, getting your tax in order will save you money.
05/07/18 Ways to save on your tax bill
It’s always a good idea to have a thorough look at your tax tactics. Substantial savings can be put in place if you evaluate what you paid the previous tax year, and how that could be reduced when it comes to your next Self-Assessment.
13/03/18 2018/2019 Tax Rates and Bands Now Integrated
We have now released the 2018/2019 tax calculator engine and it's ready to use.
14/12/17 Ways to pay your Tax Bill
When you've finally figured out how much you owe HMRC, you'll need to pay them. Here are your options, and it's not as straight-forward as you may think!
14/12/17 How to reduce your tax bill if you are Self-employed
Self-employment comes with plenty of perks. Most people dream about being their own boss, and it’s true that starting your own business has plenty going for it. However, it isn’t short of challenges or obstacles either: namely around tax.
14/12/17 Working from home - allowances for the self-employed
If you work from home, understanding and calculating the expenses you claim can be a murky area. Guidelines and examples are given by HMRC, but these examples do not cover every scenario.
14/12/17 Top tips on DIY Self-assessment tax returns
Some people are put off producing their own tax return – keeping up on the latest tax legislation, completing the necessary forms and recording expenses can all feel a bit of a bind. If this is you, then taking the DIY approach can be much easier than you might think, and you can save on around £250 (the average cost an accountant charges for a basic tax return) by doing it yourself. To help you get started, follow these top tips on filing your tax self-assessment:
22/11/17 Draft 2018 Tax Calculator
The updates announced in the Autumn 2017 Tax Budget have been integrated into the calculator.
30/03/17 Act now or lose out on claiming back tax from 12/13; unused pension allowance 13/14
See more ways to use your allowances to reduce your tax bill before April 5th.
30/03/17 2016/17 End of year tax planning-use your allowances to reduce your tax bill
Some tax savings tips that can be implemented before April 5th.
