Last month, we were joined by Dan, who was with us to complete his work experience. Dan is interested in a career in accountancy, so it was fantastic to be able to share our enthusiasm and teach him a little bit about accounts and tax! Dan has written this article about his experience.
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From 1 October 2024, the Employment (Allocation of Tips) Act 2023 (the Tipping Act) came into force.
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If you're running a creative business in the UK, you might be missing out on some tax relief opportunities. Creative industry tax reliefs represent a significant opportunity for UK creative businesses to reduce their tax burden while investing in their craft. Whether you're making a film, developing a video game, or staging a theatrical production, these reliefs could put money back in your pocket.
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The way companies file their annual accounts is about to change - and the clock is already ticking. From 1 April 2027, Companies House will require all annual accounts to be filed using commercial software. That’s right - paper and web-based filings are being phased out for good.
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It’s early summer – we’re into the new tax year. Most people won’t have started thinking about their personal tax return yet. But, did you know that if you get your return in before 31 July and your liability is lower than it was last year (and assuming you haven’t elected to reduce your payments already), the amount you owe on 31 July as a payment on account will automatically reduce as a result?
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It’s officially summertime, the sun is shining and you’re looking forward to that well-earned holiday. Except, before you can down tools and log off for some R&R, you’re faced with the task of accounts preparation for not one, but several entities.
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If you haven’t received a letter from HMRC already, you’ll be receiving one very soon.
The starting date of Making Tax Digital for Income Tax (MTD) is less than a year away and with its additional administration and cost for the taxpayer, it is the single biggest change to the taxpayers’ reporting obligations since the introduction of self-assessment. Preparation is key… and we can help!
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To be successful in a game of chess, it requires strategy: thinking ahead and planning your next move. Where R&D claims are concerned, it is more important than ever for company directors and their accountants to be looking ahead and planning their moves since the introduction of the advance claim notification – a requirement that many people remain unaware of.
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This week has been a first for the FW office, as we were joined by Joseph, who was with us for the week completing his Year 10 work experience. It was an absolute pleasure to host him, and we were all incredibly impressed by his maturity and eagerness to learn (as well as his biscuit eating ability!). Joe has written an article all about his experience.
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Stamp Duty Land Tax (SDLT) is tax that is charged if you purchase a property or land. The amount of SDLT usually depends on the cost but other factors, such as whether it is being used for residential purposes or whether you own any other properties, can also affect the rate.
From 1 April 2025, the boundaries at which different rates of stamp duty apply have changed.
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