Wishing all of our clients a restful and happy Christmas, and a healthy and prosperous New Year.
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Author: Frost Wiltshire
Run Rudolph Run
Christmas is just around the corner. And – just beyond – is the deadline for filing your 2023-24 self-assessment tax return.
It must be with HMRC by 31 January 2025, but if you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
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A time for giving… a time for getting
The tree is up, the jumpers are festive, and we are starting to turn our thoughts to Christmas once again!
There are many ways to reward employees in a tax efficient way, and even though some of these can be complex, there are other ways of providing tax efficient or tax-free benefits which are very simple.
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Are you gonna go my way?
There has been plenty in the news over the past year in relation to HMRC clamping down on R&D reliefs available for companies and subsequently increasing the number of enquiries which have been launched.
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Let it go
Amidst uncertainty around the Budget announcements, one change that has been confirmed is the Government’s intention to repeal the special tax rules relating to the commercial letting of Furnished Holiday Lets.
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The Times They Are A-Changin’
Following Labour's victory in the general election, we take a look at some of the main pledges from the manifesto and Chancellor's speech which impact tax and business.
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Ooh aah .… just a little bit
Have you noticed your employment income go up this month?
This may well be because the National Insurance rates have fallen, which although small changes, could mean some tax planning is required.
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Never miss a beat
Do you think your company might be eligible for Research and Development tax relief?
If so, it’s more important than ever to be communicating with your accountant and making sure that you aren’t caught out by the new rules in place and subsequently prevented from submitting a claim.
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Tick tock
The deadline for filing a self-assessment tax return is 31 January 2024.
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Everything changes
If you have your own business and are self-employed rather than operating through a company, you may find a substantial change in the coming years. This is because the timing of when profit is recognised on your tax return is changing.
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