by Andrew Totton | May 13, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?, VAT
As the dust settles on a Conservative majority, below is a summary of what this might mean for you and the pound in your pocket: INCOME TAX No increase in Income Tax or National Insurance rates The Tax free personal allowance is to rise from £10,600 to £12,500... 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 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...
