Tax terms you need to know

Tax terms you need to know

Tax doesn’t have to be tricky. Boost your knowledge with this guide to different tax terminology and what it all means. Allowable expenses Allowable expenses are running costs for your business that can be deducted from your Self Assessment tax… Read more
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Tax mistakes to avoid

5 tax mistakes to avoid

Doing your tax can seem scary, but with the right tools it can be simple. We take you through common tax mistakes and how to avoid them. Leaving it to the last minute When you leave your tax returns to the last minute it can get stressful. Searching… Read more
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Making Tax Digital

What is Making Tax Digital?

As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more
How to prepare for Self Assessment

How to prepare for Self Assessment

With the Self Assessment tax return deadline coming soon in January, we share what you need to do to prepare for submitting your return. When is your Self Assessment tax return due? The deadline for online submission is midnight 31 January 2021. The… Read more
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HMRC tax deadlines for 2021

HMRC tax deadlines for 2021

With 2021 around the corner, it’s a good idea to keep track of the tax deadlines that could affect you and your business next year. The tax year runs from 6 April 2021 to 5 April 22. So, the current tax year will end on 5 April 2020. Self Assessment… Read more
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Guide to late filing penalties

Guide to late filing penalties

It’s really important to file your taxes on time! If you don’t, you can face penalties from HMRC. There are several different taxes you may need to pay if you run a small business or work self employed. You can find out more about the taxes you may… Read more
Guide to Capital Gains Tax

Guide to Capital Gains Tax

Capital Gains Tax can seem complicated! We take you through it step-by-step so you know what to do if you dispose of your assets. What is Capital Gains Tax? When you dispose of an asset that has increased in value you’ll need to pay Capital Gains… Read more
What is small business rate relief?

What is small business rate relief?

If you’re running a small business and want to decrease your business rates, you might be eligible for small business rate relief. Find out what you need to know in this guide. What is small business rate relief? Small business rate relief offers… Read more
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Guide to business rates

Guide to business rates

If you run a business in the UK, you’ll need to pay business rates on your business property. This guide takes you through what you need to know! What are business rates? You’ll need to pay business rates if you use a non-domestic property. This… Read more
What are capital allowances?

What are capital allowances?

Capital allowances are how you deduct costs for plant and machinery from your tax return. Find out what you need to know about capital allowances with this guide! What are capital allowances? When you buy fixed assets that you use for your business,… Read more
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What is IR35?

What is IR35?

If you’re working as a contractor, it’s important to know about changes to IR35 regulations that are coming into force in April 2021. What is IR35? IR35 is off-payroll working rules for clients, workers (contractors) and their intermediaries. This… Read more
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  • Tax