Tax Guide’s Personal Tax section offers news and features to inform and guide you through all your personal and family tax needs. The Business Tax section offers insight and guidance for all the self-employed or small business owner needs to organise all their tax requirements.
Business Tax
Latest
Business Tax
Latest
Key business tax reliefs remain
Business owners had some relatively good news from the Chancellor Phillip Hammond MP, in the Autumn Budget statement as Entrepreneur’s Relief and the Annual Investment Allowance remained intact and for the self employed and small business owners themselves will benefit from income tax threshold rises.
How to make a tax return before the deadline
The deadline for making a tax return is fast approaching so now is that time to act and get an online return in before end January
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Those who pay VAT should start engaging with HMRC digitally
Those paying VAT will need, post April 2019, to make their submissions digitally to HMRC. The pilot system for testing their software is now open to all
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Personal Tax
Latest
How to reduce your inheritance tax bill in 2019
Individuals can reduce the inheritance tax they pay on their estate by taking advantage of gift allowances
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Workers paid by loans can act to avoid HMRC charge
Some low paid workers were paid by interest free loans that are now banned. However tax may be due on the remuneration they received and charges will apply unless they settle with HMRC
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Personal Tax
Latest
Income Tax threshold levels fail lower paid
In the Autumn Budget Statement there was good news for income tax it appeared. It had been widely speculated on that promised rises in allowances would not go ahead. Yet on the day it has been announced that the personal allowance threshold for income tax and the higher rate threshold are both to be raised from April 2019 to £12,500 and £50,000 respectively (from £11,850 and £46,350).
Small businesses embrace simplified tax registration service
Many small businesses are taking advantage of the streamlined registration service for tax and company status
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Guide to IR35 for IT employers and contractors
Tax legislation IR35 can make things a little more complicated for contractors and those employing them. Andrew Ross, journalist on Information Age explores the impact for the IT sector
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Five taxes small businesses need to know about
Small businesses will need to pay tax at some point and there are five taxes which will impact that business owners should know about. Emily Coltman of accountants FreeAgent explains what they are
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Personal Tax
Latest
The Investor’s guide to doing a tax return for 2018/2019
As the deadline for making tax returns and tax payment approaches in early 2019, Kay Ingram, director of public policy at financial planners LEBC offers guidance on how to check what and how you have to pay
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HMRC warns against fraudsters threatening penalties
Fraudsters are pretending to be HMRC in a con targeted at individuals.
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Top 5 sectors for EIS investment in 2019
Enterprise Investment Schemes (EIS) are a way to get tax breaks from investing in start-up companies. Ekaterina Bystrova of investment platform SyndicateRoom suggests the top five sectors for EIS investment in 2019
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