It’s no secret that actors often face unique financial challenges due to unstable income and complex contracts. An artist’s life involves juggling multiple income streams. It comes with complicated contract terms, and trying to make sense of an ever-changing tax landscape. Your financial situation differs from that of a typical 9-to-5 employee. Finding accountants who […]
Can personal tax planning fix all your problems? Tax mistakes happen to the best of us. We see clients every year who’ve faced unexpected bills, missed deadlines, or overlooked deductions that cost them hundreds–sometimes thousands – of pounds. HMRC doesn’t make allowances for honest mistakes. Miss a filing deadline and you’ll face automatic penalties. Underestimate
Top Mistakes to Avoid in Personal Tax Planning: London Accountants Share Their Tips Read More »
The Economic Crime Levy is a levy that applies to businesses that are already regulated for anti-money laundering purposes.
Your business must register if your UK revenue is £10.2 million or more in
Do you need to register for Economic Crime Levy? Read More »
HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list is intended to help taxpayers check if recent contacts purporting
Check if HMRC contact is genuine Read More »
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes.
In order to qualify as a furnished holiday letting,
Holiday Lets averaging election Read More »
Landlords are able to claim for allowable expenses as a deduction from their rental income when calculating taxable rental profits to declare to HMRC. The expenses must relate wholly and exclusively
Landlords – claiming maintenance and repairs costs Read More »
Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to Pay service. Any tax,
Time to Pay your tax Read More »
HMRC’s has awarded twelve voluntary and community sector organisations a share of £5.5 million in funding to help customers with their tax affairs.
The £5.5 million funding pot applies over a
HMRC awards £5.5m in grant funding Read More »
The Help to Save scheme is intended to help those on low incomes to boost their savings. Eligible users of the scheme can save between £1 and £50 every calendar month and receive a 50% government
Help to Save scheme Read More »
The settlement legislation seeks to ensure that, where a settlor has retained an interest in property in a settlement, the income arising is treated as the settlor’s income for all tax purposes. A
Gifts of shares to minor (under 18s) children Read More »
