We often have clients contacting us to request payment details for HMRC, but we need to be mindful that emails can be intercepted by fraudsters. This type of scam is very common, so be wary of receiving bank details from anyone via email. Instead, always get the...
You’re ready to say goodbye to the burden of doing your own business taxes. We’re here to make your life easier and give you back the hours spent on financial admin. However, before we can do that, you’ll need to officially authorise your accountant or us as your VAT...
Should employees reimburse their employer for private fuel? The table below sets out the HMRC advisory fuel rates that apply from 1 June 2023. These are published quarterly these days due to the volatility in petrol and diesel prices in recent years. Where the...
The deadline for Making Tax Digital (MTD) has been extended by two years to April 2026. However, nothing has changed when it comes to the immediate benefits of going digital. We’re strongly encouraging landlords and sole traders to make the switch to MTD compliance...
This blog focuses on the business related taxes main points of Chancellor’s Jeremy Hunt first Budget to Parliament, or Spring Budget, presented on15 March 2023. BUSINESS TAXES National Insurance Contributions (NIC) for the self-employed in 2023/24 Self-employed...
As well as charging interest on tax paid late, HMRC may also levy a penalty where there is an error in a tax return. These penalties may be judged as careless or deliberate and the level of penalty will also depend upon whether or not; the taxpayer has been upfront,...