by Andrew Totton | Mar 19, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?
On 18th March, the Chancellor announced in his budget, that the current tax regime would be abolished in favour of an online tax account. When will the tax return be abolished? The tax return will continue into existence until 2020. How will taxpayers report... by Andrew Totton | Mar 9, 2015 | Business Taxes, Self assessment
The end of the tax year is near, and as we approach it, there is still time to maximise your tax efficiency and take advantage of numerous opportunities – both for individuals and for businesses. Here are some of them: Utilise tax relief on pension contributions... by Andrew Totton | Feb 20, 2015 | Payroll
The 5th April marks the end of the year for those employers who operate PAYE schemes. As we approach this point of the year, here is a reminder of the key tasks and deadlines for those operating PAYE schemes: By 5 April: Send your final payroll report of the year Send... by Andrew Totton | Feb 8, 2015 | Business Taxes, Self assessment
Under proposed government plans, hundreds of thousands of people will no longer be hit with £100 fines for failing to complete their income tax returns on time. This would relate to those taxpayers who miss the deadline by a day or two only. In addition, it is being... by Andrew Totton | Oct 20, 2014 | Business Taxes
They seem to be the hot topic at the moment for many businesses, but for those not yet taking advantage of this tax relief – here is a summary of the basics: Company’s may be able to claim a tax credit for Research and Development (R&D) expenditure...
