Autumn Statement 2023 has confirmed the start dates for Making Tax Digital for Income Tax (MTD ITSA).
Making Tax Digital: remodelled and going ahead
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Tax
Cash Basis change means choice for unincorporated businesses
Rules extending use of the cash basis to calculate trading profits need consideration now.
Child Benefit – watch the sting in the tail
If you or your partner get Child Benefit, keep the High Income Child Benefit charge (HICBC) in mind.
Do you need to file a Self Assessment tax return?
You have until 31 January 2024 to file your Self Assessment tax return online. This might seem like an age away, but the deadline always comes around much quicker than you would expect.
Legitimate ways for high earners to reduce their tax bill
If you are a higher-rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need.
Short-term property let: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action.
Positives and pitfalls of PPR
Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.
Education costs and how grandparents could help
With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.
‘What is the difference between Domicile and Residence?’
Many tax advisors are frequently asked and understanding the differences between the two concepts.
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Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2024 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
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Banbury
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