HM Revenue and Customs (HMRC) is urging people to renew their tax credits claim online as soon as possible ahead of the deadline in July. People who don’t renew by the deadline will have their payments stopped so it’s vital
What is the Marriage Allowance? The Marriage Allowance has been available from 6th April 2015. If your income is £10,600 or less, you may be able to reduce your husband, wife or civil partner’s tax by £212. You may still
The accelerated roll out of the government’s flagship welfare reform, Universal Credit, means that by Spring 2015, 1 in 3 of the country’s Job Centres will be taking claims for the new benefit.Sometimes being self-employed can mean being on a
Want professional advice to help grow your business, but worry about the cost? We are an accredited Adviser for the Growth Vouchers programme and can help you take your business to the next level If you run a small business and
We will shortly be approaching the time of year when Christmas parties are being discussed and planned. Father Christmas is guaranteed to be jolly, just hope the taxperson will be too and does not chase your employees! Perhaps this is an
What are simplified expenses? Simplified expenses are a way of calculating some of your business expenses using flat rates instead of working out your actual business costs. You don’t have to use simplified expenses. You can decide if it suits
What is “cash basis”? Cash basis’ is a way of working out your income and expenses for your Self-Assessment tax return. You can use cash basis if you: are a small self-employed business eg sole traders and partnerships (limited companies
Why keep records? Not only do you have a legal responsibility to complete a self-assessment tax return each year, supported by adequate accounting records, there are some very good reasons why you should ensure your records are accurate and up
If you provide digital services across the European Union there are some important VAT changes coming into force. On 1 January 2015, changes will be made to the European Union (EU) VAT place of supply of services rules involving business
Do you have a second income that you have not yet declared to the taxman? HMRC are running a campaign aimed at people who are employed but also have an income from self employment. If you have not yet declared
HMRC Urges Everyone to Renew Their Tax Credits Early and Online
HM Revenue and Customs (HMRC) is urging people to renew their tax credits claim online as soon as possible ahead of the deadline in July. People who don’t renew by the deadline will have their payments stopped so it’s vital
Marriage Allowance
What is the Marriage Allowance? The Marriage Allowance has been available from 6th April 2015. If your income is £10,600 or less, you may be able to reduce your husband, wife or civil partner’s tax by £212. You may still
Claiming Universal Credit as a Self-Employed Person
The accelerated roll out of the government’s flagship welfare reform, Universal Credit, means that by Spring 2015, 1 in 3 of the country’s Job Centres will be taking claims for the new benefit.Sometimes being self-employed can mean being on a
Growth Vouchers Programme
Want professional advice to help grow your business, but worry about the cost? We are an accredited Adviser for the Growth Vouchers programme and can help you take your business to the next level If you run a small business and
Annual Parties and Seasonal Gifts
We will shortly be approaching the time of year when Christmas parties are being discussed and planned. Father Christmas is guaranteed to be jolly, just hope the taxperson will be too and does not chase your employees! Perhaps this is an
Simplified Expenses If You Are Self-Employed
What are simplified expenses? Simplified expenses are a way of calculating some of your business expenses using flat rates instead of working out your actual business costs. You don’t have to use simplified expenses. You can decide if it suits
Simpler Income Tax Cash Basis
What is “cash basis”? Cash basis’ is a way of working out your income and expenses for your Self-Assessment tax return. You can use cash basis if you: are a small self-employed business eg sole traders and partnerships (limited companies
Record Keeping for the Self Employed
Why keep records? Not only do you have a legal responsibility to complete a self-assessment tax return each year, supported by adequate accounting records, there are some very good reasons why you should ensure your records are accurate and up
VAT For Digital Services Providers
If you provide digital services across the European Union there are some important VAT changes coming into force. On 1 January 2015, changes will be made to the European Union (EU) VAT place of supply of services rules involving business
HMRC Second Income Campaign
Do you have a second income that you have not yet declared to the taxman? HMRC are running a campaign aimed at people who are employed but also have an income from self employment. If you have not yet declared