Be wary of 60% Income Tax charge
For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of adjusted net income over…
Guidance on Self Assessment, personal income tax, allowable expenses, filing deadlines and paying the right amount of tax.
For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of adjusted net income over…
The Office of Tax Simplification (OTS) was established in July 2010 to provide advice to the Chancellor on simplifying the…
Did you know there is a government scheme available that can help contribute towards childcare costs which may mean fewer…
First Year Allowances (FYA’s) are available for expenditure on new unused electric vehicles and other cars within the threshold for…
Your organisation may have an annual Christmas party for staff, but the tax rules also allow staff parties at other…
Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile…
Certain unincorporated small businesses may choose to use the ‘cash basis’ when calculating taxable income, under which participants are taxed…
The normal due date for a self-assessment return where filed online is 31 January after the end of the tax…
If you make Self-Assessment payments on account, you will no doubt be aware that the second instalment for 2018-19 is…
As the school holidays fast approach, many parents face having to organise extra school holiday childcare over the summer months.…
An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an ISA does…
There are a number of reasons why a taxpayer is required to complete a self assessment return. This includes if…
Book a free initial consultation with Makesworth’s chartered accountants.
Book a consultation 020 7993 8850