Rules extending use of the cash basis to calculate trading profits need consideration now.
Cash Basis change means choice for unincorporated businesses
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Tax
Important upcoming tax deadlines calendar
Find out all of the important dates that you need to be aware of for your tax deadlines.
Child Benefit – watch the sting in the tail
If you or your partner get Child Benefit, keep the High Income Child Benefit charge (HICBC) in mind.
Do you need to file a Self Assessment tax return?
You have until 31 January 2024 to file your Self Assessment tax return online. This might seem like an age away, but the deadline always comes around much quicker than you would expect.
Employee Ownership Trust
An Employee Ownership Trust (EOT) is a type of employee trust used to encourage shareholders to set up structures such as the John Lewis model which facilitates employee ownership.
Legitimate ways for high earners to reduce their tax bill
If you are a higher-rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need.
Short-term property let: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action.
VAT penalties update: Points mean penalties
The way in which HMRC charges penalties for late VAT return submissions and late VAT payments has changed. All VAT return periods starting on or after 1 January 2023 will be caught under the new VAT penalty system.
Positives and pitfalls of PPR
Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.
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Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2023 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
T: +44 (0)1295 250401
Birmingham
Kettering
Vantage House
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000
