You may already be familiar with Making Tax Digital (MTD), but the extension to Income Tax Self Assessment (ITSA) is something many self-employed individuals and landlords need to start preparing for. Read More »MTD for ITSA – When will you have to report and what you need to know
A recent report from the Financial Times has indicated that Chancellor Rachel Reeves may extend the freeze on Income Tax thresholds. Read More »The impact of extending the Income Tax threshold freeze
As we approach the Budget, due to be announced on 30 October, one of the key concerns is the potential impact on inflation.Read More »What impact will the Budget have on inflation?
It is the world’s worst-kept secret at this point, but if you have not already heard, the Budget is approaching and is likely to be “painful”. Read More »What happens if tax reliefs for SMEs and farms are cut in the impending Budget?
Dividends have long been an important income stream for investors, business owners, and retirees alike. Read More »Could the Budget affect dividend tax? A closer look at potential impacts
The deadline for voluntary National Insurance (NI) contributions is fast approaching, leaving you with little time to fill gaps in your NI record to maximise your state pension. Read More »Six months left – Are you missing out on increasing your state pension?
Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions. … Read More »How to avoid Lifetime ISA withdrawal penalties from HMRC
For months, there was speculation that the upcoming Budget could bring major changes to pension tax relief, specifically a move towards a flat rate of… Read More »What pension tax reforms could we see in the October Budget?
As the Government seeks to plug certain gaps in the public purse, we are unlikely to see any change in Income Tax thresholds – despite… Read More »Fiscal drag and tax thresholds: What does it mean for you
For business owners and directors, dividends may form a critical element of your salary strategy and tax planning, keeping your tax liabilities to a minimum.… Read More »With Income Tax unlikely to change, is it worth altering your dividend-based salary strategy?
