Category: Tax
Feb 20, 2022 | TaxTax Planning Ideas For 2022
Summary. Tax planning services are essential as we approach March, with a focus on maximising 2022 tax efficiencies. The article by Brierley Hill chartered accountants recommends optimising ISA allowances, exploring other allowances, increasing pension savings, and reviewing Wills for comprehensive financial planning. We’re coming to the end of February. Therefore, it’s the ideal time […]
Jan 20, 2022 | TaxBusiness Rates: How Fair Are They?
Summary. High street businesses face challenges with unfair rate systems, especially when compared to eCommerce companies paying lower rates. The government’s consultation on Online Sales Taxes aims to balance this disparity. To navigate these complexities, businesses are turning to taxation outsourcing services like us for expert accountancy and guidance. The English government advocates a […]
Nov 20, 2021 | TaxCorrecting VAT Errors
Summary. VAT errors, whether from missing receipts, incorrect calculations, or wrong rates, require timely correction to avoid potential HMRC penalties. Errors under £10,000 can be adjusted in the next VAT return, while larger errors may need direct reporting to HMRC. For assistance with VAT errors correction and compliance, consult experienced chartered accountants. When it […]
Oct 20, 2021 | TaxOwing Tax To HMRC? Tax Collection Is Back
Summary. If you’re thinking, “I owe tax to HMRC,” following the pandemic’s financial reliefs, it’s time to address it. As HMRC resumes debt collection, they’ll communicate through various means, prioritising genuine interactions over scams. If contacted, consider repayment or negotiate a tailored payment plan to avoid high interest and penalties. Seek professional tax support if […]
Jun 20, 2021 | Business Advice, TaxIs Buying A Holiday Home A Good Investment?
Summary. Due to unpredictable travel restrictions, UK staycations are on the rise, making buying a holiday home an enticing investment. Investors must consider tax regulations, claimable expenses, and furnishing choices. Holiday lets can yield high returns, especially in prime locations, but come with specific mortgage and tax considerations. Seek expert advice before investing. With […]
Apr 05, 2021 | TaxPension Freedoms Hidden Traps
Thomas Nock Martin can help you understand pension freedoms so you get the most out of your money.
