New VAT thresholds – When must you register and when can you deregister?
The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to…
Many people earn small amounts of money from self-employment, often as a side hustle. For example, this may be from…
If you run your business as a personal or family company, you will need to extract your profits in order…
Business rates, rather than council tax, are payable on non-domestic properties. The rates are worked out by applying the relevant…
For capital gains tax purposes, residential property gains have their own, harsher, rules. Not only is taxed charged at a…
The High-Income Child Benefit Charge (HICBC) is a tax charge that operates to claw back child benefit where the claimant…
Rising interest rates mean that individuals may now be paying tax on their savings income which previously they received it…
The 2024/25 tax year starts on 6 April 2024. Although many of the rates and thresholds are the same as…
VAT can be confusing at the best of times, with the reverse charge being arguably one of the more complex…
Rising interest rates have forced many landlords to sell up. When selling an investment property, capital gains tax is payable…
Tax codes are fundamental to the operation of PAYE. If your tax code is correct, you should pay the right…
It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you…
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