Category: Personal Tax
With the Autumn Budget announced, are you ready to help clients manage potential tax rises?
The much-anticipated Autumn Budget has been announced for 26 November and there is a lot of speculation on how taxes will be affected. While no one knows for sure what will be unveiled in the Autumn Budget, it is clear that some tax rises are inevitable if the Chancellor is going to fill the gap […]
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How can you get less tech-savvy clients ready for MTD?
With Making Tax Digital for Income Tax (MTD for IT) on the horizon for many, there is a lot of discussion about whether the reforms will have a net positive or negative impact on tax filing. While this is a worthwhile discussion, there is a bigger problem lurking beneath the surface. Whether MTD is good […]
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How to get your clients to submit their tax returns early
Whether they find the process too complicated or simply forget, there is a growing number of people who are not filing their tax returns. According to Government statistics, an estimated 1.1 million customers missed the self-assessment deadline in 2024. This will result in a lot of people facing a lot of penalties – a problem […]
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How are you handling home-working relief?
The shift to hybrid and remote working that was accelerated by the pandemic did, for a time, bring about financial relief for those who had to adapt to the new situation. While the pandemic is a somewhat of a distant memory now, the culture of work has been changed forever by the discovery of how […]
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HMRC’s digitisation of the tax process: How to keep up
In order to better regulate general compliance, HM Revenue and Customs (HMRC) are working to digitise many aspects of taxation. Under the umbrella scheme of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), HMRC are looking to remove paper filing for Self-Assessment tax returns. By far, the biggest impact this has is on […]
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