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Tax Tips

Topical articles and guides from Z2 Group

Self-Assessment tax returns 2023-24

This post is focussed on processing your returns for 2023-24 and the message is, lets get your returns processed as soon as possible after 5 April 2024…

Timing in business is everything

Action, you take (or do not take) before the end of your accounting year end can have dramatic effects on your published accounts and any resulting tax liability…

Spread the cost of tax payments

Taxpayers who are unable to pay in full can check online to see if they can set up a monthly payment plan called Time to Pay…

Tax reminder for crypto asset users

Anyone with crypto assets should declare any income or gains above the tax-free allowance on a tax return…

Selling online? Are you declaring the income?

If you are creating income in this way and you are earning more than £1,000 from this activity in any one tax year, then you will need to declare these earnings to HMRC…

Why we all need to invest in tax planning

HM Revenue & Customs (HMRC have one clear objective, to recover past government expenditure and then recycle the cash collected to repay government borrowing and release funds for future expenditure…

How to reward your staff, not the taxman

Giving Christmas gifts and hosting parties for your employees is a worthwhile tradition, but it’s important to be aware of the rules and regulations…

Plan ahead to file accounts on time and avoid penalties

If you have a September deadline for filing your accounts, leaving it until the last minute risks being hit with a fine…

HMRC hikes interest rates again on late payments

The latest rise was triggered by the increase in the Bank of England base rate to 5.25 per cent and set in legislation…

Working overseas? Be aware of the tax implications

Whether temporary or long term, there are tax and legal implications for the employer and the employee working overseas away from HQ…

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