A selection of great tools, business guides and articles to help make your business a success
HMRC is changing the way sole traders and partnerships need to calculate profits for their self-assessment returns. The Revenue will require the profits to be declared for the tax year in question, rather than the accounting year as is currently the case. Any sole...
The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything. That said, there have been times in the past where HMRC...
Every employee working for a company has a Pay-As-You-Earn (PAYE) code which denotes how much tax you will pay in a year. If this code is incorrect, it could mean you are paying more or less tax than you should be, and may need to reclaim that money, or pay more....
The taxman has been busy this month – no surprise given it is the time when self-assessment returns need to be filed. But anyone who misses the deadline of January 31 faces a new set of interest rates for penalties that were only published on December 20 last year....
It’s that time of year again – the shops are playing Christmas music, there are Christmas films starting to appear on the TV, and for many of us, there is a tax deadline looming, whether that is personal or for our business. This is the busiest time of year for...
While many of us were happily munching and singing, port in hand, over the festive period, a significant amount of people were focused on something else. Tax returns – the scourge of the self-employed – hit home this year, as the BBC reports that thousands of...
The mince pies are sitting nicely in their half-opened sleeves, and fairy lights are probably looping around your office. Christmas is almost upon us! Hopefully, with the help of Bright Ideas Accountancy, you’ve managed to reign your finances in order, leaving you...
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