Avoiding business fears

There are some interesting statistics on business fears: This infographic was produced by Sage UK The results show that half of all small businesses worry about tax-deductible expenses, and making mistakes with their tax. Rather than spend time on this, it is something that should be referred to a professional instead – that will free […]

taxhelp.uk.com joins BASDA

taxhelp.uk.com joins BASDA

With the proposed changes to tax returns over the coming years, it is important to ensure that these meet the requirements of the self-employed. As such, I have joined the Business Application Software Developers Association(BASDA) so that I can be involved with discussions between HMRC and the software providers. BASDA operate an Accountants in Practice […]

ATT Admissions April 2015

ATT Admissions April 2015

Yesterday evening saw me back at the House of Lords, for the Association of Taxation Technicians(ATT) April 2015 admissions ceremony. As a council member of the ATT, I was pleased to see the 60 new members accepting their certificates from our president. We were again hosted by The Lord Lyell DL in the Cholmondeley Room […]

2015 Tax Returns

2015 SA100 Tax Return Form

There is now just a week left until the end of the 2014/15 tax year, which ends on 5th April 2015. As in previous years, I am already able to start work on the 2014/15 accounts and tax returns for our clients, with the software update to prepare 2015 tax returns installed in advance of […]

The Budget 2015

Last week we had the budget, which saw some useful changes announced as well as one that has caused quite a bit of confusion and worry amongst taxpayers. I’ll cover the headings of the main points below, and expand on these in future blog posts, but the main point that has caused debate is the […]

The future of the tax return?

There have been some press reports this morning predicting changes to tax returns in the budget to be held later. It’s an interesting idea, and I look forward to finding out more when the actual budget takes place. For those who have very simple tax affairs, perhaps a higher rate employment and some investment income, […]

New tax-free savings allowance

From 6th April 2015 there is a new tax rate for savings interest income. This will mean that most people with total income for the year of £15,600 or below will be able to have their savings interest paid tax-free (at present there is a 20% standard tax deduction.) HMRC has more information, and an […]