What can you give away before the end of the tax year?
The end of the tax year 05 April 2019 is fast approaching. Did you know that you can give away £3000 worth of gifts each tax year without them being added to your estate? You can carry forward any unused allowance to the next tax year but the carry forward is limited to one year only.
Making Tax Digital (MTD) is almost upon us, why do you need to take action now if you haven’t already done so?
Over the past 2 years we have been busy moving our clients from desktop bookkeeping software to cloud solutions, usually Quickbooks Online in readiness for MTD.
What are your new year resolutions?
New year, new start .. what do you want to achieve with your business this year?
It’s time to pay your self assessment tax!
Don’t forget that you need to pay any tax due under self assessment by 31 January. HMRC sometimes issue reminders but then sometimes don’t so you need to remember to pay otherwise you will be charged interest on late payment.
Are you VAT registered? Now is the time to wake up and smell the coffee MTD is almost upon us!
MTD kicks in from April 2019.
Tax payment time again
As all our self-assessment readers will be aware, 31 January is the date by which any arrears of tax for 2017-18 need to be settled, together with a payment on account for 2018-19, if one is due.
Tax Diary January/February 2019
1 January 2019 - Due date for Corporation Tax due for the year ended 31 March 2018.
CGT planning for married couples
This article is also relevant to couples who have entered into a civil partnership.
The top rate of Income Tax is 45%?
Named the additional rate, the highest rate of Income Tax is 45%, and some might say 45% is high enough.
Set your New Year resolutions
This is not the place to discuss your personal options, but this is an ideal time to consider your business and personal financial planning options for 2019.
Tax Diary December 2018/January 2019
1 December 2018 - Due date for Corporation Tax due for the year ended 29 February 2018.
Are you eligible to claim the Marriage Allowance?
Marriage Allowance lets you transfer £1,190 of your Personal Allowance to your husband, wife or civil partner - if they earn more than you.