by Martin Craighan | Jun 14, 2024 | Accounting, Digital Tax, Financial, HMRC, Latest Tax News, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips
HMRC recently embarked on a ‘One to Many’ letter project, wherein HMRC’s skilled information experts undertake to mine nuggets from a massive series of resources to test for omissions or errors in income tax return. HMRC’s One to Many campaigns...
by Martin Craighan | Jun 14, 2024 | Accounting, Digital Tax, Financial, HMRC, Latest Tax News, Self-assessment, Tax News, Tax Tips, Uncategorized
Describing the reporting responsibilities for employers in relation to benefits-in-kind. If you (‘ you’ indicating an employer) gave your workers with taxable advantages in the tax year 2023/24, which you did not payroll, you require to report those...
by Martin Craighan | May 16, 2024 | Digital Tax, HMRC, Latest Tax News, Plan Time for Digital Tax, Salford Accountants, Tax News, Tax Tips, Uncategorized
Lets looks at taxpayers’ record-keeping responsibilities because of HMRC’s inexorable march to digital everything (almost). Historically, HMRC has actually been rather kicked back regarding whether initial documents must be maintained or electronic...
by Martin Craighan | Apr 23, 2024 | Accounting, Budget, Financial, HMRC, Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips
If you run your business with a personal or family company, you will certainly need to extract your profits if you wish to utilize them to fulfill personal expenses outside the company. There are different means this can be done, some of which are much more...
by Martin Craighan | Mar 18, 2024 | Accounting, Business start-Ups., Digital Tax, HMRC, Latest Tax News, Plan Time for Digital Tax, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips
Using on-line marketplaces like ebay.com, Amazon, or Etsy can be a great means to offer products, and sometimes, it can be tax-free. These platforms have come to be very preferred, drawing in a wide variety of sellers, from individuals looking to declutter their homes...
by Martin Craighan | Mar 14, 2024 | Accounting, Business start-Ups., Latest Tax News, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips
Year-end tax preparation for family and personal companies Operating a limited company can be tax-efficient and has the added advantage of restricted liability. Nonetheless, the worry about compliance is much greater than that of a sole trader or unincorporated...
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