From the 2024/25 tax year, cash basis accounting will become the default method for most sole traders and partnerships completing their Self-Assessment tax return. But is this new approach right for you, or would sticking with accrual accounting give you better control over your finances? In this blog, we break down the key differences between […]
HMRC Nudge Letters: What they are and how to respond
HMRC has been and will continue to increasing its use of ‘nudge letters’ to encourage taxpayers to check their tax affairs and correct any errors. If you receive one, it’s important to understand what it means and how to respond appropriately. What are HMRC nudge letters? Nudge letters are issued by HMRC when they believe […]
Tax Time – Dates for June 2024
1 June 2024 – Due date for corporation tax due for the year ended 31 August 2023. 19 June 2024 – PAYE and NIC deductions due for month ended 5 June 2024. (If you pay your tax electronically the due date is 22 June 2024). 19 June 2024 – Filing deadline for the CIS300 monthly […]
Basis Periods are changing
The commencement of Basis Period Reform draws near, with April 2024 heralding a significant shift for sole trader and partnership taxpayers.
Tenant Farmers’ Retirement
Tenant Farmers: Could the Early Retirement Package work to your advantage?
SBCA – Cash Flow Forecasting
Cash flow forecasting: Is it really worth the effort? If you’re forecasting your business finances just to please your bank manager, you’re missing out on a valuable management tool – one that will put you in a stronger, more confident mindset now and set you up for more success in the long-term. Forecasting isn’t reserved […]
Tax Time – Dates for July 2019
Your tax dates for the month ahead.
Tax Time – Dates for June 2019
Your tax dates for the month ahead.
Tax Time – Dates for May 2019
Your tax dates for the month ahead.