Each year you are allowed to save or invest up to £20,000 in an Individual Savings Account (ISA). The tax year runs from the 6th April to the 5th April the following year . If you don’t use the full allowance, after this date it will be lost. ISAs are a tax efficient way to invest your […]
Capital Gains Tax on Residential Property File Day Changed to 60 Days
The deadline has been increased from thirty days to sixty days for making Capital Gains Tax (CGT) returns and associated payments when selling UK land and property. This will allow taxpayers more time to create and provide accurate figures and will give them more time to engage with advisors. What is Capital Gains Tax? Capital […]
New Tax and NIC rates from April 2022
From April 2022, the National Insurance Contributions (NICs) and dividend tax that you pay will be increasing by 1.25% for one year only. What Is the Increase For? This increased contributions will be spent on the NHS and social care across the UK;with the aim of funding £12 billion worth of investment to clear backlogs […]
New Changes for Landlords and Tenants in Wales
The Welsh Government has announced that it intends to implement the Renting Homes (Wales) Act 2016 on 15th July 2022. This will change the way that landlords in Wales rent their properties. The Renting Homes (Wales) Act represents the biggest change to housing law in Wales for decades and is designed to increase protections for […]
Making Tax Digital: Income Tax
Making Tax Digital (MTD) has been the norm for VAT-registered businesses for a little while now. In a bid to make the UK one of the most digitally advanced tax administrations in the world, HMRC also wants self-employed business owners and landlords with annual business or property income above £10,000 to follow the same rules. […]
Choosing the Right Business Accounting Software
Most accounting software is easy to use. However, it is important to choose a system that suits you and your business.
Top Tips for Choosing an Accountant
We have put together some steps to follow to assist in finding the best accountant for you and your business…
Do You Need an Accountant?
Not everybody needs an accountant, but here are some things you should consider before deciding if you should get some help.