Not sure of How to Pay Your Payment on Account, then you have come to the right place. If you need a brush up on what payments on account are, feel free to take a quick look here first. When paying your payment on account tax liability you will need to use your unique taxpayer […]
Payments on account are advance payments towards your tax bill each year. When do you not have to make payments on account? When your tax bill is less than £1,000 When 80% or more is paid through PAYE When are the payments on account due? These payments are made twice a year, on 31 January
Making Tax Digital (MTD) is coming to you soon………… 6 April 2024 to be exact. Honestly 2022 is flying by, so 2024 will be here before we know it! Making Tax Digital is part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top
How Will Making Tax Digital (MTD) for Income Tax Affect You? Read More »
Hi! As working from home has become more of a permanent fixture in most of our work lives I thought I would include a summary of the ways you can claim working from home expenses. If you are self-employed there are two ways HMRC will allow you to claim use of home as an allowable
Use of Home – How the Self Employed Can Claim This as an Allowable Business Expense Read More »