HMRC have closed their self-assessment telephone helpline with immediate effect until at least 4 September 2023. Callers will be re-directed to use HMRC’s digital services instead. HMRC claim the reason for this is to free up staff time to be able to clear the outstanding backlog of written correspondence which, from my own experience […]
It’s May! We are now comfortably in to the new tax year, the bluebells are out, the weather is wonderful, P60s and bank interest statements are being received, and H M Revenue & Customs are sending out notices to submit your 2022/23 Tax Return.
But, with the 31st January 2024 filing deadline still many months away, why should you worry about it now? Well, here are eight good reasons why!
In order to receive the maximum state pension on retirement, you will need between 30 and 35 years full years of National Insurance contributions, depending on your date of birth. You can check how many full years you have, and how many years you still need to get a full pension, by logging in to […]
There were some welcome announcements in today’s budget, most notably the retention of the £2,500 energy cap and reforms to childcare including the proposed extension of 30 hours free childcare to all children between 9 months and 5 years old.
The tax deadline in March is looming and it’s time to use it or lose it. Here’s how you can plan for your year-end tax 2022/2023.
Completing your tax return can be taxing, but at Greenwood Tax and Accounting we are here to help you relax about your tax! Here’s 10 things you need to know about completing your tax return in 2023.
Jeremy Hunt has presented his first budget to the house today. Here’s our summary of the announcements.
It has been just over three weeks since Kwasi Kwarteng’s emergency budget on 23 September, and what a three weeks it has been. This sets out the announcements made on 23 September and indicates which have been withdrawn and which remain. It is up-to-date as at 2pm on 17 October – beyond that who can say!
Few would disagree that there is an urgent need for increased funding to support the NHS and social care going forward, and I am wholeheartedly in favour of the principle of a Health and Social Care Levy.
If you own one or more furnished holiday lets then the coronavirus pandemic will certainly have had a negative impact on bookings during 2020/21 and possibly 2021/22. It’s unlikely that the availability and occupation tests will be met, so will the property still qualify as a furnished holiday let? The good news is that yes, […]
The Super-deduction was introduced by Rishi Sunak in his March 2021 budget. It can be claimed by limited companies but not by sole-traders or partnerships. What is it? The super-deduction allows limited companies to claim tax relief of 130% on the purchase of certain qualifying assets. This means that for every £100 spent, taxable profits […]
In the last year the pandemic has dramatically changed the way many of us work. More and more of us have been working from home, rather than visiting client premises or working in shared office spaces. All this means that new claims can be made for expenses incurred and used against your next tax bill.
