by Terry Phillips | Jul 16, 2023 | accountancy, Accountants, Business Owner, hmrc, Limited Company, Rates relief, Self employed, Small business rates, Sole trader, tax
Accountants Chester – Tax Tip No. 30 Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals or guest houses. However, if your property’s rateable value is less than £15,000 and your business only uses...
by Mark Phillips | Jun 25, 2023 | Personal Allowance, accountancy, Accountants, Business Owner, director, dividends, Employment, hmrc, Income Tax, making tax digital, MTD ITSA, partner, Self employed, Sole trader, tax
Accountants Chester – Tax Tip No. 26 The personal allowance is set at £12,570 for 2023/24. However, not everyone is able to benefit from the personal allowance. A taper applies which gradually reduces the personal allowance until it is lost. The taper applies...
by Terry Phillips | Jun 18, 2023 | VAT, accountancy, accountancy software, Accountants, bookkeeping, Business Owner, hmrc, making tax digital, MTD for VAT, Self employed, Sole trader, tax, VAT late submission penalties
Accountants Chester – Tax Tip No. 25 A new penalty regime was introduced for VAT from 1 January 2023. The new regime comprises late submission penalties and late payment penalties. Here we look at the penalty regime for late returns. Accountants Chester | Late...
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 Mark Phillips | Mar 22, 2023 | tiktok, hmrc, Income Tax, MTD ITSA, Self employed, social media, Sole trader, tax rebate
Accountants Chester – Tax Tip No. 11 Since 2020, millions of us have flocked to the online streets of TikTok and have made a penny or two. But now you have to tell HMRC exactly what you’ve made. TikTok is the world’s largest short-form video-sharing platform...
by Terry Phillips | Feb 27, 2023 | accountancy, accountancy software, bookkeeping, expenses, hmrc, Income Tax, making tax digital, mileage rates, MTD ITSA, partner, Partnership, Self employed, Sole trader, tax, Uncategorized
Accountants Chester – Tax Tip No. 6 As part of the move to Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), the basis period rules are being reformed. Despite the delay to the MTD for ITSA start date – which will now take effect from April 2026... 
