Self Assessment Tax Return
Your Self Assessment tax return can be complicated, especially when you consider the impact Covid and business support grants have had on your profits.
Your Self Assessment tax return can be complicated, especially when you consider the impact Covid and business support grants have had on your profits.
Regular check ups on the financial health of your business, particularly on cashflow, let you spot and resolve potential problems before they become major issues.
Although the government has delayed its plans for the introduction of Making Tax Digital for ITSA (Income Tax Self-Assessment), Bates Weston urges self employed and landlords to make the move to digital record keeping sooner rather than later.
A summary of the PM’s statement on Health and Social Care, the introduction of the 1.25% Health and Social Care Levy from April 2022 and the lifetime cap on care costs of £86k from Oct 2023.
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
A summary of the Chartered Institute of Taxation’s response to HMRC’s consultation on proposed basis period reform, allocating trading profits to tax years rather than accounting years.