The Chancellors recent announcement revealed a little more about the new Digital Tax Account. It looks as if the self-employed will need to report their figures and pay tax quarterly.
Research of 5,000 adults by the Money Advice Service discovered a “spend today” culture in the UK and a lack of financial skills.
As we approach the end of the year, it’s time to reflect and plan for the next year. One way of doing this is to create a budget.
Inheritance Tax (IHT) is something that affects more people than ever and is expected to double by 2020. In 2015/15 the tax office collected over £3.4 billion.
The Website hack of Talk Talk made national news so it was interesting to see Xero recommend users change their password.
The Xero Website had a good article about being safe online to protect yourself, your customers and employees.
All businesses should take time to think about the big picture – this is called Strategic Planning.
Married couples and civil partners can reduce Capital Gains Tax (CGT) by making use of a special rule which allows them to transfer assets between them at a value that means there is no gain or loss for tax purposes.
Here are some VAT traps to be aware of.
If a parent saves money in the child’s name in a standard savings account then if the interest is over £100 it will be taxed in the parent’s name.