by Mark Phillips | Apr 17, 2023 | expense claims, accountancy, Employer, Employment, expenses, hmrc, Income Tax, making tax digital, MTD ITSA, National Insurance, tax, tax rebate
Accountants Chester – Tax Tip No. 15 The pandemic changed the way in which many people worked, forcing them to work from home if they could. Post-pandemic, many employees have continued to work from home some or all of the time. Under hybrid working...
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...
by Terry Phillips | Feb 24, 2023 | tax, accountancy, expense claims, expenses, hmrc, tax rebate
Accountants Chester – Tax Tip No. 5 A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s private use. If fuel is also provided for private journeys, a separate fuel benefit tax charge arises. The van and...
by Mark Phillips | Feb 21, 2023 | tax, accountancy, expenses, hmrc, making tax digital, tax rebate, Uncategorized
Accountants Chester – Tax Tip No. 4 For a brief period it seemed that the days were numbered for the additional rate of tax following the announcement in the ill-fated mini Budget that it was to be scrapped. Like much of the mini Budget, its planned abolition...
by Terry Phillips | Nov 28, 2022 | accountancy, accountancy software, bookkeeping, business management, expense claims, expenses, hmrc, making tax digital, tax
If you’re earning money outside of payroll and you’ve not been taxed on it yet, you’ll need to know everything about doing a self-assessment tax return. A self-assessment tax return is something you’ll need to do every year if you’re self-employed or earning income...
by Terry Phillips | Oct 25, 2022 | accountancy, bookkeeping, business management, expense claims, expenses, making tax digital, tax
As we approach the “Making Tax Digital” (MTD) deadlines, it’s more important than ever for you to know about cloud accounting and cloud bookkeeping. Right now, more than half of the small to medium enterprises (SMEs) across the UK are already doing all of their...
