Every year, as certain as Christmas, we have the self-assessment tax filing deadline. This deadline is always on 31st January. And every year just like getting organised with your presents and Christmas cards in time for the big day, we also need to get organised with gathering the information, preparing the tax return, and submitting […]
Author Archives: Priya Raja-Motala
Employee Benefits, HM Revenue & Customs, P11d, Tax Tips
Christmas gifting and parties – What are the tax implications?
26
Nov
Nov
Entertainment Expenses – what is tax deductible? It is common at this time of the year to see a lot more gifting and partying. It is after all the festive season. The costs of parties and gifts can be a tax allowable expense and any VAT can be claimed back if it relates to employees. […]
23
Nov
Nov
For a few months now, we have known there is an acute shortage of talented people in the general workforce in the United Kingdom. Some industries such as hospitality are having more of an acute shortage due to other factors such as Brexit, but staff shortage is spreading across all industries and in all parts […]
Accounting Tips, Business Tips, Cloud Accounting, Digital Technology
Desktop Vs Cloud Accounting – what’s the best accounting software for my business?
17
Nov
Nov
Even the most experienced decision makers rely on accurate data to help them make sound decisions. As a forward-thinking business owner, you deserve a forward thinking accounting software to provide you with the financial data you need to drive decisions. As you grow your business even the more simple tasks, like keeping records of […]
09
Nov
Nov
A lot of financial pundits including us were expecting last week’s budget to be a heavy hitter when it came to raising taxes. However, in the end this was not the case. The Office of Budget Responsibility’s recent announcements of a rebounding economy has given Rishi Sunak the confidence to delay tax rises. But there […]
02
Nov
Nov
I’m thinking about buying an electric car. What financial incentives are available to me? The company car is getting its moment again as an exciting tax perk. In a climate conscious age, where Tesla has become a household name, business owners are being encouraged to take to the road in an electric company car. Choosing […]
26
Oct
Oct
In case you haven’t heard the UK is hosting COP26, the 26th United Nations climate change conference next week in Glasgow. Somehow although we are hearing about this huge event almost daily, for most of us it will still feel as if it is something that is happening out there with the politicians. But should […]
18
Oct
Oct
Today we heard the news that passengers returning to the UK will no longer have to take the more expensive PCR test, will that mean more travel for businesses in the coming months or has Covid changed this forever? It is too early to say but we are seeing a gradual return to business travel […]
Cloud Accounting, Digital Technology, HM Revenue & Customs
Making Tax Digital (MTD) Delayed…. Updated January 2023
04
Oct
Oct
Making Tax Digital (MTD) Delayed As we said last week uncertainty and change are in the air! So, this week we have more changes to announce. MTD for self-employed, partnerships and landlords has now been delayed. The change that was originally set to become law in April 2023 has now been pushed back due to […]
01
Oct
Oct
The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures. If you are not familiar with MTD then please visit our previous blogs What is […]