by Mark Phillips | May 29, 2023 | accountancy, Accountants, expense claims, expenses, gift aid, hmrc, Income Tax, making tax digital, MTD ITSA, tax, tax rebate
Accountants Chester – Tax Tip No. 22 Changing personal circumstances may mean that individuals who were previously taxpayers find that they are now non-taxpayers. If they are in the habit of making charitable donations under gift aid, they need to tread...
by Terry Phillips | May 23, 2023 | accountancy, Accountants, bookkeeping, Business Owner, expense claims, expenses, Income Tax, Instagram, making tax digital, MTD ITSA, Self employed, social media, Sole trader, tax, tax rebate
Accountants Chester | Instagram Income Accountants Chester | How to Declare Instagram Earnings in the UK If you are an Instagram influencer in the UK, you may be wondering how to declare your earnings to HMRC. Here is a guide to help you do just that. Accountants...
by Terry Phillips | May 22, 2023 | accountancy, Company Expenses, Employer, Employment, expense claims, expenses, hmrc, Income Tax, Limited Company, MTD ITSA, tax
Accountants Chester | Tax Tip No. 21 The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing. As with the super-deduction, unincorporated...
by Terry Phillips | May 19, 2023 | accountancy, Accountants, tax
Accountants Chester | Hiring an Accountant Whether or not it is better to hire an accountant depends on a number of factors, including the size and complexity of your business, your own financial knowledge and experience, and your budget. If you are a small business...
by Mark Phillips | May 19, 2023 | accountancy, Accountants, expenses, hmrc, tax, tax rebate
Accountants Chester | Saving Money Yes, an accountant can save you money in a number of ways. Here are a few examples: Helping you avoid penalties. Accountants are experts in tax law and can help you ensure that you are filing your returns correctly and on time. This...
by Terry Phillips | May 18, 2023 | accountancy, Accountants, Income Tax, Marriage, tax, tax rebate
Accountants Chester | Tax Tip No. 20 Spouses and civil partners enjoy certain tax breaks, including the ability to transfer assets between them at a value that gives rise to neither a gain nor a loss. Prior to 6 April 2023, a couple are only able to benefit from no...
