UK tax year comes to an end on 5th April 2021. If you're not already done with the end of year tax planning, February and March are the only months for you to plan ahead. Let us help you with minimizing your tax bill below: What...
You might be jumping up and down with joy to know that no electric cars tax was deducted in 2020/2021. This may not be the case in 2020/2022, one must consider electric cars as a tax-efficient benefit in the long run. Let’s get into the...
Because of the Covid-19 crisis, numerous organizations are encounter no or diminished turnover. Most of the time, the business is VAT-enrolled, and a few proprietors are finding out if they can now deregister. What are the principles to go about that? Is it generally fitting...
The Residential Stamp Duty Land Tax (SDLT tax) saw an increase in the threshold to £500,000. The higher threshold is applicable upon completion between 8 July 2020 and 31 March 2021. From 1st April 2021, there’s a chance that the threshold will revert to £125,000....
When you start running your business and pay more attention to your operations, you’ll quickly realize just how important it is to make the right decisions. From critical management decisions involving corporate structure set-ups to minor deliberations on product offerings and services, every decision you...
What is the HMRC Let Property Campaign? HMRC runs several campaigns for tax risks and particularly for the taxpayer’s sector. So what are these campaigns all about? And how can "HMRC let property campaign accountants" can help you with the disclosures? Campaigns are a great opportunity for specific...
It is no secret that cash flow is important in business, you need to know where all your money is going. Don’t want to keep a track of your finances? You might just end up bankrupt! Now you don’t want that do you? Cash-flow management...
EU and UK are together no more. As this romantic love story comes to an end, its time for you to be a bit worried about the future of your business in the current scenario. Businesses should be a bit more certain and clearly think...
The self-assessment deadline needs to be met by 31st January 2021 (midnight). You’ll definitely be getting a penalty if you don’t file the self-assessment on time. The late filing penalty on delaying self-assessment and hence delaying business tax is around £100. If you convince HMRC...
Covid 19 impact brought a lot of changes in business operations in the UK. The reduced operations mean less staff. To completely go through the concept of covid redundancies, you have to go through some of FRS 102 and corporation tax rules. More About Covid Redundancies The...
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