How do I pay my income tax self-assessment / VAT / PAYE / Corporation Tax to HMRC?

The easiest way to pay is often via your own online banking, and with some taxes you can even set up a direct debit so that the payment is taken automatically. That way you do not pay any interest and penalties if you forget to pay by the due date! It is imperative that the … Read more

What is Making Tax Digital (MTD) and what does it mean for me?

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is a government initiative to transform the tax system and move it online. The aim is to make “fundamental changes to the way the tax system works – transforming tax administration so that it is: more effective, more efficient and easier for taxpayers to get … Read more

What is Capital Gains Tax?

A capital gain arises when you dispose of an asset that has increased in value. You will pay tax on the profit you have earned i.e. the sale proceeds less the allowable cost. The most common types of asset on which Capital Gains Tax is payable are: Everyone is entitled to an annual tax-free allowance … Read more

What information do I need to give you in order for you to prepare my…

…bookkeeping? Just give us access to your bookkeeping software (if you are not taking advantage of our FREE or discounted software packages), your bank statements and invoices for each period and we will take care of everything. We can also prepare and submit your VAT returns as a stand-alone service or as part of our … Read more