Gift Aid

10 May 2023 | Firm News, Self Assessment

We all like to help local charities and as we near the World famous Maldon Mud Race on 14 May 2023, which has raised over £30,000 and broken countless washing machines over the years, now is a good time to look at the tax opportunities that come from Gift Aid…...

Claim tax relief for working from home

3 May 2023 | Firm News, Personal Tax Planning, Self Assessment

The pandemic saw millions of people forced to work from home and as a result, found themselves eligible to claim temporary tax relief on expenses they incurred for that period. Figures from HMRC suggest that more than 3 million claims were submitted for the 2020/21...

Protection for taxpayers using repayment agents

27 Apr 2023 | Firm News, Personal Tax Planning, Self Assessment

HMRC have recently announced a number of steps to improve transparency in the repayment agent market in order to protect taxpayers. This has come as a result of repayment agents who have not been clear about their terms and conditions, which led taxpayers to not...

Making Tax Digital

1 Feb 2023 | Firm News, Self Assessment

Making Tax Digital (MTD) was introduced for VAT in 2019, whereby VAT registered businesses moved to making electronic MTD returns. The effect of the changes wasn’t as dramatic as initially expected with the submission being similar to that of an ordinary VAT return...

HMRC updates Making Tax Digital MTD guidance

5 Oct 2022 | Publication, MTD, Self Assessment

MTD non-compliance penalties also published.

Pensions. Planning for your future or planning for now?

3 Oct 2022 | Firm News, Efficient Reward Strategies, Personal Tax Planning, Self Assessment

We are all aware that putting money into a pension enables us to save for our future retirement – but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for pension contributions.  If you are an...