Residential Landlords – Important Tax Update: Action needed now

If you own residential property that you let out to tenants, it is important that you take note of forthcoming changes in taxation. These major changes due to come into force in April 2020 will have a serious impact on the amount of tax you will have to pay if you are...

Happy New Tax Year!!

So, no sooner have we got everyone’s tax returns in for the 2017/18 tax year, the new year is upon us! We can now start submitting your tax returns for the 2018/2019 tax year, and there is no time like the present to get this done. Here are the benefits of early...

Reminder – Paying your Self-Assessment Tax

I’m sure most have you have settled your Self-Assessment tax return bill by now, but for those of you that haven’t, just a friendly warning:     Late payments: HMRC will automatically charge interest from 1st February on all late payments HMRC will add a fixed 5%...

Brexit – things to consider for your business

Brexit On 29th March – Brexit will happen, or something will happen, or not.  Who knows? But every business will be affected in one way or another by Brexit or at least the uncertainty surrounding it. The following must not be read as a pro or anti- Brexit – just...

January 2019 – Personal Tax Return Season

Tax Return Deadline All personal tax returns for the year ended 5th April 2018 must be submitted no later than 31st January 2019. Late filing can lead to penalties of over £1,000. If your return has not already been submitted, or is not in hand, please contact...

Workplace Pensions

From 6 April 2019, the minimum amounts that both employers and employees must pay into the automatic enrolment pension scheme will increase.  These changes are as follows: Currently, an employer is required to pay a minimum of 2% with the employee adding 3% to make an...