Make sure you check your tax code

We have noticed that HMRC has started to get a bit overzealous when it comes to adjusting tax codes for taxpayers with complicated affairs. They are making adjustments to PAYE tax codes to collect tax in advance on things like dividends or if you are a higher rate...

Have you forgotten to declare rental income to HMRC?

We often get new clients who haven’t declared their rental income to HMRC because they didn’t realise they had to or they thought they’d not made any profit, and so didn’t need to make a return.  It’s a common misconception that the mortgage repayment is a deduction...
Changes to VAT – Are you ready for 2023?

Changes to VAT – Are you ready for 2023?

On top of the move to Making Tax Digital (MTD) and the need for VAT registered businesses to use MTD compliant software, HMRC is introducing a new penalty regime for late payment of VAT. This new regime will apply for VAT return periods starting on or after 1 January...
Tax-efficient finance for your company 

Tax-efficient finance for your company 

In this blog, we cover some tips and tricks to help you run your business as tax efficient as possible! HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured correctly, and if the company...