TaxAssist Accountants, London Videos

We look at the changes the Government has announced to Making Tax Digital for Income Tax Self-Assessment and how they could affect you and your business - www.taxassist.co.uk/whetstone/resources/news/making-tax-digital-for-income-tax-what-did-the-autumn-statement-change

The Government will unveil its Autumn Statement on 22nd November. Make sure you are up to date with the latest announcements by signing up to receive our free summary on the day. www.taxassist.co.uk/whetstone/register/budget-reports

Networking can be an extremely effective tool for business growth. This guide explains how to successfully attend networking events to benefit your business. Click the link here to read more: www.taxassist.co.uk/whetstone/resources/articles/the-benefits-of-business-networking-and-how-to-do-it-successfully

Chancellor Jeremy Hunt will announce the Government’s Autumn Statement on 22nd November. To receive your FREE Summary email newsletter on the day, sign up here. www.taxassist.co.uk/whetstone/register/budget-reports

Do you have an employee who wants to work abroad? If yes, there are possible tax implications that you should consider before saying yes. We look at some tax rules you should be aware of: www.taxassist.co.uk/whetstone/resources/questions-and-answers/what-are-the-tax-implications-if-my-employee-wants-to-work-abroad

What data does HMRC use to check your business and personal finances? Find out how they can track your income, expenses, assets and transactions by reading our article below – www.taxassist.co.uk/whetstone/resources/articles/what-data-does-hmrc-use-to-investigate-your-business-and-personal-finances

Rising interest rates are causing significant pain for business owners, landlords and homeowners. Here are some ways to help reduce your costs and keep you on track. Click the link to learn more - www.taxassist.co.uk/whetstone/resources/articles/how-businesses-landlords-and-homeowners-can-cope-with-rising-interest-rates

This Thank You Day, we’d like to take a moment to say a big thank you to our amazing clients for your continued support. We’re very lucky to be part of the Whetstone community 😊

Heads up Landlords, HMRC is on the hunt for undeclared rental income from buy-to-let properties. If you have not reported your rental income correctly, you could face penalties and even criminal prosecution. Don’t risk it - read our latest news article to find out how you can get your tax affairs in order with our help. www.taxassist.co.uk/whetstone/resources/news/hmrc-targets-landlords-for-undeclared-income-tax

HMRC has halted its Making Tax Digital for income tax self-assessment pilot. However, Making Tax Digital for income tax will be phased in from April 2026. To find out more about what this means for you and how you can benefit from Making Tax Digital see our article: www.taxassist.co.uk/whetstone/resources/news/hmrc-hits-pause-on-making-tax-digital-for-income-tax-self-assessment-pilot

As a leading provider of accountancy services, TaxAssist Accountants are proud to support National Numeracy Day which encourages adults and children to build their confidence with numbers.

Are you a landlord looking for ways to ease challenging market conditions? At TaxAssist Accountants, we can offer you professional, impartial advice and can take the stress out of meeting your tax reporting obligations. Working together we can take your buy-to-let business to the next level. What to do next? Contact us today. www.taxassist.co.uk/whetstone/resources/news/buy-to-let-landlord-incorporations-on-the-rise

Question: Do I have to submit my P11D electronically? Answer: Yes you do, HMRC states that all P11D and P11D(b) forms must be filed electronically. Submitting paper forms is no longer accepted, so employers will need to use the HMRC PAYE Online service, commercial third party software or engage an agent. To learn more about submitting a P11D or if you need help submitting one, click the link below: www.taxassist.co.uk/whetstone/resources/questions-and-answers/do-i-have-to-submit-my-p11d-electronically

May Day! 🚨 Are you in need of some tax and accounting help? Don't fret as TaxAssist Accountants is here to support you and your business! Visit our website to find out more! www.taxassist.co.uk/whetstone

It’s Financial Awareness Day – if you are not an expert, understanding the UK’s complex tax rules can be confusing and easily lead to you making a mistake or end up paying more tax than is necessary. At TaxAssist Accountants we pride ourselves on making tax simple and our jargon-free article explains how you can prepare your business and personal finances for the new tax year. We look at how you can use retirement savings to save tax, as well as offering other tax tips for business owners and individuals. For higher earners, it is particularly important to consider your financial situation sooner rather than later. This is because the tax free personal allowance of £12,570 is reduced by £1 for every £2 which is earned above £100,000 – that means you could face a marginal tax rate as high as around 60% in certain circumstances. www.taxassist.co.uk/whetstone/resources/articles/how-to-reduce-the-impact-of-the-april-tax-increases

We are proud that business owners across Whetstone rely on us to look after all their accountancy needs so that they can focus on their business. If you need a professional to ensure your business is on the right track, call us today on 0203 8276 333!

Did you know that you can file your 2022-2023 tax return as soon as the tax year ends on 6 April? There are many benefits of filing early, such as: - Knowing your tax liability sooner and planning your payments accordingly - Having peace of mind and reducing stress - Avoiding penalties for filing late Don’t wait until January to file your tax return - get it done early and enjoy the benefits. If you need help with your tax return, contact us today for a free consultation. 📲Call us on 0203 8276 333 to find out more

April is a busy month for tax matters. Here are some key dates that you need to mark on your calendar 📅 – 5th April – End of 2022/2023 tax year 6th April – Start of 2023/2024 tax year 7th April – Deadline for online VAT Return For 28th February 2023 Quarter 19th April - Employers must make a final online payroll submission for 2022/23 📌Save this post to remember these important upcoming dates!

Gifting your family home to your children during lifetime is a wonderful sentiment. However, many people don’t understand the Inheritance Tax implications of doing so. To learn more about the rules of Inheritance Tax click the link below www.taxassist.co.uk/whetstone/resources/questions-and-answers/what-are-the-inheritance-tax-rules-if-i-live-in-a-home-i-plan-to-give-away