Insights

Browse 259 Insights about Tax

Search Insights:

Browse content types:

Cash basis extended 8 Jan 2024 Bookkeeping, Tax - The cash basis is a simpler basis of accounts preparation.
National Insurance cut for employees and directors 8 Jan 2024 Leadership, Tax - The main primary rate is 12% from 6 April 2023 to 5 January 2024 and 10% from 6 January 2024 to 5 April 2024.
Capital gains tax year-end planning 8 Jan 2024 Tax - The capital gains tax annual exempt amount falls from £6,000 for 2023/24 to £3,000 for 2024/25.
NIC payable by the self-employed from April 2024 8 Jan 2024 Employment, Tax - The abolition of Class 2 National Insurance contributions takes place in April 2024.
What to do if you receive one of HMRC’s ‘nudge’ letters 8 Jan 2024 Tax - HMRC is now regularly issuing “nudge” letters to encourage taxpayers to review their tax affairs
5 Key Advantages to Outsourcing Accounting Services 5 Dec 2023 Bookkeeping, Tax - There is a wide range of benefits to seeking support from a third-party firm.
Reporting payment to HMRC if you pay your employees early in December 4 Dec 2023 Employment, Tax - Strict reporting deadlines apply under Real Time Information (RTI).
Section 455 tax 4 Dec 2023 Tax - The rate of section 455 tax is linked to the dividend higher rate and is 33.75% in respect of loans made on or after 6 April 2022.
Depreciation vs Capital Allowances 4 Dec 2023 Tax - Due to the differences between depreciation and capital allowances, it is necessary to adjust the accounting profit to arrive at the taxable profit.
Submit your tax return before 30 December when using PAYE 4 Dec 2023 Employment, Tax - If you owe tax and you want to have it collected through PAYE via an adjustment to your tax code, you will need to file your tax return earlier.
PAYE settlement agreements – how do you set one up? 4 Dec 2023 Employment, Tax - By entering into this PAYE arrangement, the employer agrees to settle the tax on the employee’s behalf by one annual submission and payment to HMRC.
Disincorporation – when & how? 4 Dec 2023 Policy, Strategy, Tax - Disincorporation involves the transfer of the assets and liabilities to the shareholders.