Team Truss cut Taxes to Stimulate The Economy
On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal…
Inflation is at a ten-year high and the ensuing cost of living crisis means that many people may be struggling…
Although spouses and civil partners are taxed independently, there are some tax breaks available. One of these is the ability…
Employers must act as a tax collector for HMRC, deducting tax, National Insurance and, if applicable, student loan deductions, from…
It will not always be apparent when a hobby tips over into a trade and the point at which you…
If you use an agent to manage a let property, they may incur expenses, such as repairs and cleaning costs,…
The summer is a popular time for events and event parking is often limited. If you have a drive or…
There is usually a capital gains tax (CGT) charge when a chargeable asset is sold at a gain (subject to…
HMRC produce a number of toolkits which highlight common errors found in self-assessment tax returns. As the name suggests, the…
From a tax perspective, all lets are not equal, and the rules that apply to furnished holiday lettings are different…
Private residence relief is a well-known relief but one which is often misunderstood. It applies to remove the liability to…
The flat rate scheme offers VAT registered traders who meet the eligibility conditions a simpler way to work out the…
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