HAPPY NEW YEAR TO EVERYONE! We hope that 2015 brings you everything you wish for. For those needing to file a tax return, you have until 31 January 2015 to file a tax return online.  If you are late filing the tax return, you will automatically get a £100 fine.  So act NOW! If you…

For those of you with children, you will no doubt have been reminded already that it is only 24 sleeps until Christmas Day! But it is also only 61 days until 31 January 2015, which means that if you have to file a self assessment tax return, then you need to get cracking.  Not as…

Remember, remember, the 5th of November, gunpowder, treason and plot!! …. Or in a payroll context, 5th November signifies is the end of month 7 of the tax year! We hope you had a great Halloween and although it is now past, there are still scary things to face – such as 31 January 2015…

We have GOOD news to start the month of October! …. For those of you who have run a payroll scheme, you will by now be familiar with HMRC’s RTI system.  HMRC have announced that the introduction of automatic penalties for late RTI submissions will be delayed another five months for small employers.  That gives…

Doesn’t time fly when you are having fun!  Summer is now over and Autumn is now upon us already. For those of you with a March year end, it would be wise to start thinking about getting paperwork  to your accountant now – that is for both limited companies and sole traders. For those running…

What tips do we have for you this month? …. For those of you who are self-employed, please remember that HMRC can ask to look at your bank accounts. If you receive income, which is not from self-employment, such as a gift from a parent or lottery winnings, please ensure that you keep evidence of…

We are now three months into the new tax year so for those of you who pay their payroll liabilities quarterly, you will need to pay these by 22nd July 2014. In addition, for all those of you who are self-employed, please remember that your second payment on account is due to be paid by…

We are now two months into the new tax year and some of you may already have got ahead of the game and filed your April 2014 tax return! Yes, you can do it this early!! For those of you who pay CIS tax you may well be entitled to receive a tax rebate so…

Yesterday was the end of month one of the new tax year, so those of you with monthly PAYE liabilities will need to pay these by 22nd May 2014. For those in self-employment,  some of you may have already contacted your accountant to sort out your accounts and tax return for the tax year ending…

Happy New Year – or at least Happy New Tax Year! For many, it is indeed a happy new year …. If you are able to do so, you can put another investment into your ISA – the government revamped the ISA scheme, introducing a New ISA (NISA) for cash and stocks and shares with…