by James Hellyer | Feb 20, 2024 | Income Tax, Tax tips
We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties. However, this post is focussed on processing your returns for 2023-24 and the message is, lets get your...
by James Hellyer | Feb 20, 2024 | Capital allowances, Corporation Tax, Income Tax
In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented – for 2023-24 – before 6 April 2024, the end of the tax year. A...
by James Hellyer | Feb 12, 2024 | Income Tax, National Insurance, Tax tips
As you are probably aware the 2023-24 tax year ends on 5 April 2024. Most of the opportunities to arrange your tax affairs in the most advantageous way end and action to reduce your tax payments must be taken before this date. Accordingly, we have less than two months...
by James Hellyer | Jan 22, 2024 | Income Tax
None of us has been exempt from the effects of inflation and cost of living issues in the past year. Which is why taxpayers who are obliged to register for self-assessment will be somewhat apprehensive as the deadline for paying any arrears of tax for 2022-23 and the...
by James Hellyer | Jan 15, 2024 | Capital Gains Tax, Income Tax
With use of crypto assets growing, HM Revenue and Customs (HMRC) is urging people to avoid potential penalties and check if they need to complete a Self-Assessment tax return for the 2022-23 tax year. Anyone with crypto assets should declare any income or gains above...
by James Hellyer | Jan 8, 2024 | Income Tax
Many of us use online trading platforms to sell unwanted goods or perhaps offer space in our home for rental. If you are creating income in this way and you are earning more than £1,000 from this activity in any one tax year, then you will need to declare these...
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