Blog Posts

Tax

Tax can be complicated, especially if you’re running your own business. Find online help and free resources to help you understand different types of tax for your business, including Capital Gains Tax and income tax. Learn more about tax relief you might be eligible for, and the allowances and grants available, as well as how to pay your bill.

UK Tax Rates, Thresholds and Allowances for the Self-Employed

UK Tax Rates, Thresholds and Allowances for the Self-Employed

Read our guide to the current UK tax rates and thresholds affecting sole traders, limited companies, partners and partnerships, employers, and...

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What Happens If I Don’t Pay Enough Tax?

What Happens If I Don’t Pay Enough Tax?

Nobody ever really wants to pay tax, but paying less than what HMRC think you owe can be a stressful situation...

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Company Car Tax for Electric Cars

Company Car Tax for Electric Cars

It’s fairly common for employers to offer company cars to employees and directors, or for directors to take one through their...

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Christmas Parties, Staff Gifts, and Your Tax Bill

Christmas Parties, Staff Gifts, and Your Tax Bill

Christmas is an opportunity to take a bit of time out, but for those running businesses a Christmas party or gift...

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Submitting a Self Assessment Tax Return for Someone Who Has Died

Submitting a Self Assessment Tax Return for Someone Who Has Died

Sadly, the only two things in life you can be sure of are death and taxes. It’s not an easy subject...

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Carry Back Rules: Relief for Trading Losses on Corporation Tax and Income Tax

Carry Back Rules: Relief for Trading Losses on Corporation Tax and Income Tax

Every business wants to make a healthy profit and sail off into the sunset. But in reality, the sea can be...

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What Happens if a Director or Shareholder Dies?

What Happens if a Director or Shareholder Dies?

If you’re planning to start a business, it’s really important to ensure you cover everything, including all the potential what-ifs. Some...

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Can I Use the Trading Allowance?

Can I Use the Trading Allowance?

You can use the trading allowance even if you receive an income from other sources, such as an employer. For example,...

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Do I Need to Declare Payments into a Private Pension on my Tax Return?

Do I Need to Declare Payments into a Private Pension on my Tax Return?

Reporting payments you make into a private pension isn’t compulsory, but including the details of any contributions on your tax return...

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What is the 1263L Tax Code for Work Uniforms?

What is the 1263L Tax Code for Work Uniforms?

HMRC reaching out to inform you your tax code is changing can sometimes be good news, especially if it’s because your...

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What Type of Tax Return Do I Need to Submit?

What Type of Tax Return Do I Need to Submit?

Your taxes and any other deductions are usually all managed for you by your employer when you work as an employee....

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Authorising an Agent to Help You With HMRC

Authorising an Agent to Help You With HMRC

Completing tax returns on your own can be tricky, especially if you know very little about the world of HMRC and...

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