Taxation

Working From Home

Dated: 21st August 2020

Thousands of employees are now working from home due to Covid-19.

But are they all claiming the tax back on the extra costs that are being incurred?
We outline exactly what you can claim and how to claim in this week’s blog.

Also posted in Accountancy, News Tagged claim tax, Coronavirus, Covid 19, reclaim tax, tax, tax advice in Bedford, tax returns in Bedford, work from home |

Deferring VAT and Income Tax

Dated: 26th March 2020

On 20 March 2020, the UK Chancellor of the Exchequer announced a package of COVID-19 measures. The measures on tax include […]

Also posted in Accountancy, Commercial, Coronavirus, Financing, Income Tax Tagged Business advice in Bedford, deferring tax, government, income tax, tax, VAT |

HMRC’s Let Property Campaign

Dated: 16th August 2019

HMRC’s Let Property Campaign is targeting landlords who may have unpaid tax. This would be as a result of failing to declare income from letting out residential property. The scheme is open to those that have multiple properties, single rentals, student rentals, or holiday lettings.

Also posted in Accountancy, Landlords, News Tagged Accountants in Bedford, HMRC, landlords, lets, lettings, lettings income, penalty, tax, tax advisors in Bedford, unpaid tax |

Company Car Versus Car Allowance

Dated: 10th June 2019

The company car is still considered a desirable job perk but many employers are now offering a company car allowance as an alternative.
But what is the difference between a company car and a company car allowance? Which option is right for you?

Also posted in Accountancy, News Tagged car allowance, company car, company car allowance, perks |

Buy To Let Property – Our Top 5 Tips

Dated: 30th May 2019

For many people, the idea of investing in property still appeals, despite stalled house prices, a stamp duty tax crackdown on buying property investments and an income tax raid on rent. Read our 5 Top Tips for Landlords considering investing in buy to Let property.

Also posted in News Tagged accountancy, accountant, bedford, business, business advice, business development, business growth, buy to let, investment, landlords |

Marriage Tax Allowance

Dated: 24th April 2019

Are you married or in a civil partnership? If so you may be entitled to a £900 tax break called the marriage tax allowance. Yet about one million couples are still missing out.
Read on to find out more about what this new tax is, who qualifies for it and details of how to claim.

Also posted in Accountancy, News Tagged accountant, allowance, bedford, income, marriage, marriage tax, married, tax |

How To Spot And Avoid HMRC Phishing Scams

Dated: 21st March 2019

As HMRC moves more of its services online, fraudsters are exploiting this transition by targeting taxpayers with fake emails. With an increasing number of phishing scams, HMRC has released updated guidance on how to recognise genuine contact from its agents.

Also posted in News Tagged fake emails, HMRC, phishing, phishing scams, scams, tax, virus |

Final Countdown Towards Making Tax Digital

Dated: 25th January 2019

The steps you need to take to get ready for April 2019 will depend on what software you use currently. Many businesses will already be using accounting software that has been tested and approved by HMRC, in which case the steps needed for April 2019 will be minimal.

Also posted in Accountancy, Cloud software, Making Tax Digital, News, QuickBooks Online, Reckon One, Xero Tagged Accountants in Bedford, cloud accounting, HMRC, Making Tax Digital, MTD, Quickbooks Online, tax, Xero |

Making Tax Digital – The Journey Continues

Dated: 15th October 2018

As advances in technology are harnessed by software developers, the future of accountancy will be less about Making Tax Digital and more about accountants acting as consultants through advising their clients about their business activities in real-time.

Also posted in Accountancy, BreatheHR, Cloud software, Exact, FreeAgent, Income Tax, KashFlow, Making Tax Digital, News, QuickBooks Online, Reckon One, Reviso, Xero Tagged accountancy, accountant, bedford, business advice, Changing accountants, cloud, HMRC, Making Tax Digital, MTD, Quickbooks Online, tax, tax services, Xero |

Making Tax Digital – What You Need To Know

Dated: 31st July 2018

Essentially, MTD is about helping businesses to spend less time working on their finances whilst simultaneously ensuring that your finances are more accurate and up to date. Read our blog to discover the four main benefits of MTD, and what it means for your business.

Also posted in Accountancy, BreatheHR, Cloud software, Exact, FreeAgent, Increase profits, KashFlow, Making Tax Digital, Marketing, News, QuickBooks Online, Reckon One, Reviso, Saving money, Xero Tagged accountancy, accountancy services, accountant, bedford, Making Tax Digital, MTD, MTD ready, tax |