Five things you need to know about Corporation Tax

What is Corporation Tax? Corporation Tax is the main tax a limited company pays. It’s paid on annual profits, investments and on any gains from selling assets (e.g. land, property or shares) that have increased in value.  What are the Corporation Tax rates? The rate of Corporation Tax that you need to pay depends on […]

Everything you need to know about P60s

A P60 is an important document which summarises an employee’s tax information in a given year. By exploring the P60 in more detail, we’ll explain all you need to know from required information to deadlines. What is a P60? A P60 is a detailed statement of income earned, Tax Deducted at Source (TDS) and National […]

A guide to starting the 2024/25 financial year on the right foot

Starting the new financial year on the right foot will set you up for the rest of the year and lend you a helping hand in meeting business objectives.  The start of the financial year brings an opportunity to make your business more profitable and efficient than the previous year, so it’s a good time […]

Explaining the ‘side hustle tax’

Digital platforms such as eBay, Etsy, Airbnb, Amazon and Vinted are now required to share seller information with HMRC, as of 1 January 2024.  Under the new rules, HMRC will receive a breakdown of revenue generated by platform users, which HMRC will use to match up against submitted Self-Assessment tax returns to ensure that the […]

Five things you need to know about Self-Assessment tax returns

Filling in your tax return can seem daunting, especially if you haven’t completed one before. With the Self-Assessment tax return deadline looming, we’ve outlined five things you need to know about the all-important tax return to ensure you’re paying correctly and on time. 1. What is Self-Assessment? So, you need to report your taxable income […]