Tax Tips

Your Year End Tax Planning Checklist: Individuals

Wednesday 7 February 2024

The approaching tax year end can be an opportune time to focus on making use of tax breaks, allowances, and available reliefs to reduce your tax bill.

Child Benefit - to claim or not to claim?

Wednesday 31 January 2024

Should high earners still claim Child Benefit and repay it at the end of the tax year or opt out altogether? Beware of unintended consequences.

What benefits can you provide to your employees tax-free?

Wednesday 17 January 2024

We are often asked what benefits can be provided to employees that are non-taxable. There are many perks that can be considered.

Tax Returns: successfully navigating self-assessment rules

Wednesday 3 January 2024

Don't get caught out and expose yourself to potential fines and penalties. What you need to know about the Income Tax self-assessment regime.

Do you need to file a Tax Return by 31st January?

Wednesday 20 December 2023

Changes in requirements to file Tax Returns - don't get caught out!

Christmas Parties and gifts - avoiding the tax Scrooge

Wednesday 13 December 2023

What do employers need to be aware of when it comes to providing their employees with benefits over the festive period?

Cash basis to replace accruals for self-employed taxes

Wednesday 6 December 2023

The Chancellor has announced that the cash basis is to replace accruals for the self-employed as standard accounting process for 2024/25.

Autumn Statement November 2023

Wednesday 22 November 2023

Chancellor Jeremy Hunt announced his Autumn Statement today hoping to provide grist to the election mill.

Simple hacks to reduce Inheritance Tax

Wednesday 8 November 2023

Thousands of families who never expected to pay inheritance tax (IHT) are having to read up on the rules to avoid big bills.

Who pays the charge for electric cars?

Wednesday 18 October 2023

Clarification on whether HMRC guidance on businesses reimbursing their employees for the cost of charging a vehicle at home is correct.

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